Personal CFO Solutions LLC increased its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 117.2% during the first quarter, Holdings Channel reports. The fund owned 10,242 shares of the information technology services provider’s stock after purchasing an additional 5,527 shares during the period. Personal CFO Solutions LLC’s holdings in Accenture were worth $2,031,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of ACN. Triumph Capital Management bought a new stake in shares of Accenture during the third quarter worth $26,000. Board of the Pension Protection Fund bought a new position in shares of Accenture in the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC acquired a new position in Accenture during the 4th quarter worth about $27,000. McMillan Office Inc. bought a new stake in Accenture during the 4th quarter worth about $27,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in Accenture in the 4th quarter valued at about $27,000. Institutional investors own 75.14% of the company’s stock.
Accenture Stock Down 3.4%
Shares of Accenture stock opened at $137.29 on Thursday. The business has a fifty day simple moving average of $161.95 and a 200 day simple moving average of $205.36. The stock has a market cap of $91.68 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.41 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 PLC has a 12 month low of $118.15 and a 12 month high of $304.19.
Accenture Announces Dividend
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 issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.7%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is 52.08%.
Accenture announced that its Board of Directors has approved a share repurchase plan on Tuesday, June 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ACN. William Blair lowered shares of Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 18th. Jefferies Financial Group lowered their price target on shares of Accenture from $210.00 to $185.00 and set a “hold” rating for the company in a report on Monday, June 15th. Robert W. Baird set a $190.00 price objective on Accenture in a report on Thursday, June 18th. BMO Capital Markets reissued a “market perform” rating and issued a $150.00 target price on shares of Accenture in a research note on Friday, June 19th. Finally, JPMorgan Chase & Co. dropped their target price on Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a research report on Monday, June 8th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $193.33.
View Our Latest Stock Report on ACN
Key Stories Impacting Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture announced a multi-million euro contract with NATO to support its Protected Business Network program, adding a high-profile government win that could strengthen near-term revenue visibility. NATO Announces Major Contract with Accenture to Help Advance Towards a More Agile and Resilient Digital Infrastructure
- Positive Sentiment: Accenture expanded its AI partnership with Google Cloud, launching “Accenture Edge” to deliver scalable agentic AI solutions for mid-market companies, which could help support future consulting and cloud services growth. Accenture Edge and Google Cloud Bring Scalable Agentic AI Solutions to Mid-Market Companies
- Positive Sentiment: The company also deepened its AI and cybersecurity push with ServiceNow, positioning itself to capture more demand for agentic AI-driven risk management and security services. Is Accenture’s Agentic AI Push With ServiceNow a Game Changer?
- Neutral Sentiment: Analysts and commentary note that Accenture may be trading at a discount after a steep decline, which could attract value-focused investors if its AI initiatives translate into better bookings and growth. Accenture PLC (ACN) Shares Surge 3.8% — What GF Score of 77 Tells Investors
- Negative Sentiment: Despite the new contract and partnerships, recent coverage highlights weak share performance, soft bookings, and a pressured revenue outlook, suggesting investors remain cautious about the pace of Accenture’s recovery. Accenture Down 29.3% in 3 Months: How to Approach the Stock Now?
- Negative Sentiment: Some articles also warn that Accenture’s AI push faces a major test, implying the market is still uncertain whether these initiatives will offset disruption and revive growth. Accenture (NYSE:ACN) AI Push Faces A Big Test
Insiders Place Their Bets
In other news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction 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. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.
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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