Wealthfront Advisers LLC Sells 10,370 Shares of Accenture PLC $ACN

Wealthfront Advisers LLC trimmed its position in Accenture PLC (NYSE:ACN) by 16.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 54,637 shares of the information technology services provider’s stock after selling 10,370 shares during the period. Wealthfront Advisers LLC’s holdings in Accenture were worth $10,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC grew its position in shares of Accenture by 4.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after buying an additional 35 shares during the period. Clayton Financial Group LLC lifted its position in Accenture by 13.1% during the 4th quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after acquiring an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its position in Accenture by 0.9% during the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after acquiring an additional 41 shares during the period. Peak Asset Management LLC boosted its stake in Accenture by 0.8% during the fourth quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock worth $1,461,000 after acquiring an additional 43 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the subject of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $200.00 target price on shares of Accenture in a report on Monday, June 22nd. Berenberg Bank cut their price target on Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Royal Bank Of Canada lowered their price objective on Accenture from $253.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, June 22nd. Dbs Bank downgraded Accenture from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, BNP Paribas Exane cut their target price on Accenture from $180.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $193.19.

Insider Activity

In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by insiders.

Accenture Price Performance

Shares of ACN opened at $143.56 on Friday. Accenture PLC has a twelve month low of $118.15 and a twelve month high of $291.09. The company has a market capitalization of $95.87 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13. The firm has a 50 day moving average of $156.38 and a 200 day moving average of $199.36. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same period in the prior year, the company posted $3.49 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, equities research analysts anticipate that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is presently 52.08%.

Accenture declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.