Accenture PLC $ACN Shares Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lifted its stake in shares of Accenture PLC (NYSE:ACN) by 39.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,848 shares of the information technology services provider’s stock after acquiring an additional 4,765 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Accenture were worth $3,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC acquired a new stake in Accenture during the 4th quarter worth about $27,000. McMillan Office Inc. purchased a new stake in Accenture during the fourth quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Accenture in the fourth quarter worth about $27,000. Finally, Triumph Capital Management purchased a new position in shares of Accenture in the third quarter worth approximately $26,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of ACN stock opened at $135.19 on Monday. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The stock’s 50-day moving average is $160.28 and its two-hundred day moving average is $203.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $90.28 billion, a P/E ratio of 10.80, a PEG ratio of 1.34 and a beta of 1.13.

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 the consensus estimate of $3.70 by $0.10. The business 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 firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Analysts predict that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture declared that its Board of Directors has authorized a share 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a $1.63 dividend. The ex-dividend date is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a yield of 4.8%. Accenture’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the transaction, the chief executive officer directly owned 12,802 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ACN. JPMorgan Chase & Co. reduced their price target on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a research report on Monday, June 8th. UBS Group reissued a “buy” rating and set a $275.00 target price on shares of Accenture in a research note on Wednesday. DA Davidson reduced their target price on Accenture from $275.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. TD Cowen downgraded Accenture from a “buy” rating to a “hold” rating and lowered their price target for the company from $258.00 to $150.00 in a report on Monday, June 22nd. Finally, Morgan Stanley dropped their price target on Accenture from $177.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Monday, June 22nd. Twelve investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $193.19.

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.