Evolve Private Wealth LLC lowered its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 64.2% in the first quarter, HoldingsChannel reports. The fund owned 2,425 shares of the information technology services provider’s stock after selling 4,343 shares during the quarter. Evolve Private Wealth LLC’s holdings in Accenture were worth $481,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Board of the Pension Protection Fund purchased a new stake in Accenture in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. McMillan Office Inc. purchased a new stake in shares of Accenture during the 4th quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Accenture during the 4th quarter worth $27,000. Finally, Triumph Capital Management purchased a new position in shares of Accenture in the 3rd quarter worth $26,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Accenture
In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.
Accenture Stock Performance
Accenture (NYSE:ACN – Get Free Report) last posted its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, beating the consensus estimate of $3.70 by $0.10. The company had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, sell-side analysts forecast that Accenture PLC will post 13.84 earnings per share for the current year.
Accenture declared that its board has initiated a share repurchase plan on Tuesday, June 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Accenture Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given a $1.63 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 5.1%. Accenture’s dividend payout ratio (DPR) is currently 52.08%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on ACN shares. William Blair lowered Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. Citigroup decreased their target price on Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Robert W. Baird set a $190.00 target price on shares of Accenture in a research report on Thursday, June 18th. Dbs Bank cut shares of Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Finally, Berenberg Bank dropped their price objective on shares of Accenture from $273.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Twelve research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $195.00.
Check Out Our Latest Analysis on Accenture
Key Stories Impacting Accenture
Here are the key news stories impacting Accenture this week:
- Negative Sentiment: BNP Paribas Exane cut its price target on Accenture from $180 to $130 and kept a neutral rating, citing execution and growth risks. MarketScreener
- Negative Sentiment: DBS Bank downgraded Accenture to hold, and other coverage pointed to weaker-than-expected FY2026 guidance, adding pressure to near-term sentiment. Zacks
- Negative Sentiment: Law firms Bragar Eagel & Squire and Kirby McInerney announced investigations into possible securities issues involving Accenture, which can create headline risk for the stock. GlobeNewswire
- Neutral Sentiment: Some commentary argued the market may be too quick to label Accenture an “AI loser,” suggesting its AI and growth narrative may still have upside if execution improves. TipRanks
- Neutral Sentiment: Several articles noted Accenture is drawing heavier trading and investor attention, reflecting debate about whether the stock can recover after a steep year-to-date decline. Yahoo Finance
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.
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