Signet Financial Management LLC Has $1.19 Million Stock Holdings in Accenture PLC $ACN

Signet Financial Management LLC raised its stake in Accenture PLC (NYSE:ACN) by 165.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,998 shares of the information technology services provider’s stock after buying an additional 3,739 shares during the period. Signet Financial Management LLC’s holdings in Accenture were worth $1,189,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in Accenture by 27.7% during the fourth quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock worth $75,752,000 after acquiring an additional 61,314 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Accenture by 197.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock valued at $37,960,000 after purchasing an additional 93,880 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Accenture by 36.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider’s stock valued at $149,582,000 after purchasing an additional 149,357 shares during the period. Vanguard Group Inc. boosted its position in shares of Accenture by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock worth $17,726,831,000 after purchasing an additional 854,361 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Accenture by 12.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 335,314 shares of the information technology services provider’s stock valued at $89,965,000 after buying an additional 36,037 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ACN. The Goldman Sachs Group lowered their target price on Accenture from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, June 18th. William Blair lowered shares of Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. lowered their price objective on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating on the stock in a report on Monday, June 8th. Argus reduced their price objective on shares of Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, Royal Bank Of Canada decreased their target price on shares of Accenture from $253.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, June 22nd. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $193.19.

Accenture Price Performance

Accenture stock opened at $137.04 on Thursday. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09. The company’s 50 day moving average price is $157.83 and its two-hundred day moving average price is $200.65. The stock has a market cap of $91.52 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.39 and a beta of 1.13. 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 released its 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 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%.Accenture’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, equities analysts predict that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture Dividend Announcement

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. This represents a $6.52 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio is 52.08%.

Accenture declared that its Board of Directors has authorized a share repurchase program on Tuesday, June 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by corporate insiders.

Accenture 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.