Mediolanum International Funds Ltd Has $34.64 Million Stake in Accenture PLC $ACN

Mediolanum International Funds Ltd lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 14.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 175,327 shares of the information technology services provider’s stock after selling 30,258 shares during the period. Mediolanum International Funds Ltd’s holdings in Accenture were worth $34,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Board of the Pension Protection Fund bought a new stake in Accenture during the 4th quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new stake in Accenture in the fourth quarter valued at about $27,000. McMillan Office Inc. acquired a new position in Accenture in the fourth quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in Accenture during the fourth quarter valued at approximately $27,000. Finally, Triumph Capital Management acquired a new stake in Accenture during the 3rd quarter worth $26,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

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 stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the transaction, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ACN shares. Truist Financial cut their price target on shares of Accenture from $210.00 to $150.00 and set a “hold” rating on the stock in a research note on Monday, June 22nd. Berenberg Bank reduced their target price on shares of Accenture from $273.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Jefferies Financial Group lowered their price target on shares of Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, June 15th. Guggenheim cut their price target on shares of Accenture from $225.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Mizuho decreased their price objective on Accenture from $280.00 to $226.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $193.19.

Accenture Stock Performance

NYSE ACN opened at $143.56 on Friday. The firm has a market capitalization of $95.87 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.13. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $156.38 and its two-hundred day moving average price is $199.36. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09.

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

Accenture declared that its board has approved a stock buyback plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a $1.63 dividend. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 4.5%. Accenture’s dividend payout ratio is currently 52.08%.

About Accenture

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.