Boston Trust Walden Corp cut its holdings in Accenture PLC (NYSE:ACN – Free Report) by 4.7% in the first quarter, HoldingsChannel reports. The firm owned 401,133 shares of the information technology services provider’s stock after selling 19,742 shares during the quarter. Boston Trust Walden Corp’s holdings in Accenture were worth $79,541,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ACN. Triumph Capital Management bought a new position in shares of Accenture during the 3rd quarter valued at approximately $26,000. Board of the Pension Protection Fund bought a new stake in Accenture in the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new position in Accenture during the fourth quarter worth $27,000. McMillan Office Inc. purchased a new position in Accenture during the fourth quarter worth $27,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in Accenture during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Insiders Place Their Bets
In other Accenture 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 completion of the sale, the chief executive officer directly 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 sale 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 company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Report on Accenture
Accenture Trading Up 4.8%
Shares of ACN opened at $137.40 on Friday. The firm has a market capitalization of $91.76 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.30 and a beta of 1.14. 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 $307.77. The company has a 50-day moving average of $165.36 and a 200 day moving average of $209.14.
Accenture (NYSE:ACN – Get Free Report) last issued its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same period in the prior year, the firm earned $3.49 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, research analysts expect that Accenture PLC will post 13.85 EPS for the current year.
Accenture announced that its board has authorized a share buyback program on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Accenture Dividend Announcement
The company 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 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 presently 52.08%.
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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