Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 379.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 232,802 shares of the information technology services provider’s stock after purchasing an additional 184,296 shares during the quarter. Accenture makes up approximately 1.6% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s portfolio, making the stock its 8th biggest holding. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Accenture were worth $46,162,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its position in shares of Accenture by 4.2% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 35 shares during the period. Clayton Financial Group LLC boosted its position in Accenture by 13.1% during the 4th quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock worth $88,000 after acquiring an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its holdings in shares of Accenture by 0.9% during 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 purchasing an additional 41 shares during the period. Peak Asset Management LLC raised its stake in shares of Accenture by 0.8% during 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 purchasing an additional 43 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after purchasing an additional 43 shares during the period. Institutional investors own 75.14% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on ACN. Evercore set a $180.00 price objective on shares of Accenture in a report on Thursday, June 18th. The Goldman Sachs Group lowered their price target on Accenture from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, June 18th. Robert W. Baird set a $190.00 price objective on Accenture in a report on Thursday, June 18th. William Blair lowered Accenture from an “outperform” rating to a “market perform” rating in a report on Thursday, June 18th. Finally, Susquehanna reduced their price objective on shares of Accenture from $186.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Twelve research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $195.00.
Accenture Stock Performance
Shares of ACN opened at $137.40 on Friday. Accenture PLC has a one year low of $118.15 and a one year high of $307.77. The company has a 50-day moving average of $165.36 and a two-hundred day moving average of $209.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $91.76 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.30 and a beta of 1.14.
Accenture (NYSE:ACN – Get Free Report) 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. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The firm had revenue of $18.72 billion for the quarter, compared to analysts’ expectations of $18.78 billion. During the same period in the previous year, the company posted $3.49 EPS. The company’s quarterly revenue 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, equities research analysts expect that Accenture PLC will post 13.85 earnings per share for the current year.
Accenture Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be paid a dividend of $1.63 per share. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 4.7%. Accenture’s dividend payout ratio is 52.08%.
Accenture announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, June 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
Insider Activity 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. Corporate 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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