Bartlett & CO. Wealth Management LLC Has $50.59 Million Position in Accenture PLC $ACN

Bartlett & CO. Wealth Management LLC lessened its position in Accenture PLC (NYSE:ACN) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,263 shares of the information technology services provider’s stock after selling 42,246 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Accenture were worth $50,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC lifted its stake in Accenture by 4.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock valued at $236,000 after purchasing an additional 35 shares during the last quarter. Clayton Financial Group LLC raised its stake in Accenture by 13.1% in the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after buying an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in Accenture by 0.9% in the third 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 buying an additional 41 shares during the period. Peak Asset Management LLC lifted its position in shares of Accenture by 0.8% in the fourth quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock valued at $1,461,000 after buying an additional 43 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares during the period. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ACN shares. TD Cowen cut Accenture from a “buy” rating to a “hold” rating and dropped their price target for the company from $258.00 to $150.00 in a research note on Monday, June 22nd. JPMorgan Chase & Co. reduced their price objective 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. The Goldman Sachs Group decreased their price objective on shares of Accenture from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. Stifel Nicolaus cut their target price on shares of Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, William Blair downgraded shares of Accenture from an “outperform” rating to a “market perform” rating in a report on Thursday, June 18th. Twelve equities research 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. According to data from MarketBeat, Accenture has an average rating of “Hold” and an average target price of $193.19.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction dated 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 owned 12,802 shares of the company’s stock, 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by corporate insiders.

Accenture Stock Performance

ACN opened at $143.56 on Friday. 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 business has a fifty day simple moving average of $156.38 and a 200 day simple moving average of $199.36. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The company has a market capitalization of $95.87 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13.

Accenture (NYSE:ACN) last posted 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. The firm had revenue of $18.72 billion for the quarter, compared to analysts’ expectations of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Research analysts expect that Accenture PLC will post 13.85 EPS 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. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 4.5%. Accenture’s payout ratio is 52.08%.

Accenture announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in 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 management believes its stock is undervalued.

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.