Quantinno Capital Management LP Sells 106,631 Shares of Accenture PLC $ACN

Quantinno Capital Management LP reduced its stake in Accenture PLC (NYSE:ACN) by 18.8% in the first quarter, Holdings Channel.com reports. The fund owned 459,190 shares of the information technology services provider’s stock after selling 106,631 shares during the period. Quantinno Capital Management LP’s holdings in Accenture were worth $91,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ACN. Triumph Capital Management bought a new position in shares of Accenture in the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in Accenture during the 4th quarter worth approximately $27,000. McMillan Office Inc. purchased a new stake in Accenture in the 4th quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Accenture during the 4th quarter valued at $27,000. Finally, Private Wealth Management Group LLC grew its position in shares of Accenture by 96.4% during the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

ACN opened at $154.22 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The stock’s 50 day simple moving average is $153.46 and its 200 day simple moving average is $193.65. The firm has a market cap of $102.99 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.52 and a beta of 1.13.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) 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 net margin of 10.66% and a return on equity of 26.47%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, analysts predict that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture declared that its board has initiated a share buyback program 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 repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually 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 issued a $1.63 dividend. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 4.2%. Accenture’s dividend payout ratio (DPR) is 52.08%.

Insider Buying and Selling

In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 equities research analysts recently issued reports on ACN shares. William Blair lowered Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. Oppenheimer set a $201.00 price objective on shares of Accenture in a research report on Monday, June 8th. Citigroup cut their price target on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Dbs Bank downgraded shares of Accenture from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Susquehanna lowered their price target on Accenture from $186.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $192.96.

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.