Vestcor Inc Has $4.94 Million Holdings in Accenture PLC $ACN

Vestcor Inc cut its holdings in shares of Accenture PLC (NYSE:ACN) by 17.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,395 shares of the information technology services provider’s stock after selling 3,989 shares during the quarter. Vestcor Inc’s holdings in Accenture were worth $4,935,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ACN. Brighton Jones LLC boosted its position in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the period. Sivia Capital Partners LLC boosted its position in Accenture by 46.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after acquiring an additional 660 shares during the period. United Bank raised its stake in shares of Accenture by 49.8% during the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 1,209 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Accenture by 23.0% during the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock worth $247,000 after purchasing an additional 155 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of Accenture by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock worth $528,000 after purchasing an additional 72 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Accenture from $295.00 to $253.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. UBS Group reaffirmed a “buy” rating on shares of Accenture in a research note on Tuesday, March 17th. Mizuho cut their price target on Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Wells Fargo & Company cut their price target on Accenture from $275.00 to $248.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Guggenheim cut their price target on Accenture from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $265.54.

More Accenture News

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Zacks highlighted Accenture’s strong earnings-surprise track record and said the company has the ingredients for another beat when it next reports results, which can lift sentiment ahead of earnings. Will Accenture (ACN) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Stifel Nicolaus reiterated its Buy rating on Accenture, reinforcing the view that the stock remains attractive at current levels. Stifel Nicolaus Sticks to Its Buy Rating for Accenture (ACN)
• Positive Sentiment: Accenture announced a strategic investment and partnership with AlphaSense to bring agentic AI workflows for market intelligence to enterprises, underscoring continued momentum in AI services and enterprise transformation. Accenture and AlphaSense Announce Strategic Investment and Partnership to Bring Agentic Workflows for Market Intelligence to Enterprises
• Positive Sentiment: TEPCO Solution Advance also said it is working with Accenture to reinvent operations with AI, adding another example of new client demand tied to Accenture’s AI consulting capabilities. TEPCO Solution Advance Teams with Accenture to Reinvent Operations with AI
• Neutral Sentiment: Several recent opinion pieces argued that Accenture looks undervalued on earnings and cash flow metrics, which may help investor confidence, but these were commentary rather than new fundamentals. Accenture: A 57% Drop Meets A 12.8 P/E – The Ultimate Margin Of Safety
• Neutral Sentiment: Other analysis said AI is accelerating demand rather than disrupting Accenture’s business model, supporting the long-term bull case but not changing near-term results on its own. Accenture: AI Is Accelerating Instead Of Disrupting The Consultancy
• Negative Sentiment: At least one recent valuation update trimmed Accenture’s fair value estimate and another note pointed to softer IT spending and AI competition, reflecting lingering caution around growth and margins. How The Investment Story For Accenture (ACN) Is Shifting With AI And Softer IT Spending

Accenture Stock Down 0.2%

Shares of ACN stock opened at $178.45 on Friday. The stock’s 50 day simple moving average is $184.29 and its 200 day simple moving average is $224.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. Accenture PLC has a twelve month low of $155.82 and a twelve month high of $321.77. The company has a market capitalization of $118.75 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.69 and a beta of 1.08.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. During the same period last year, the business earned $2.82 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that Accenture PLC will post 13.88 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, April 9th. Accenture’s dividend payout ratio (DPR) is presently 53.40%.

Insider Buying and Selling at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the transaction, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

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.