Stenger Family Office LLC purchased a new position in Accenture PLC (NYSE:ACN – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,937 shares of the information technology services provider’s stock, valued at approximately $1,376,000.
Several other hedge funds have also recently modified their holdings of ACN. Brighton Jones LLC lifted its stake in shares of Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares during the period. Sivia Capital Partners LLC increased its position in shares of Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after acquiring an additional 660 shares during the period. United Bank raised its stake in Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after acquiring an additional 1,209 shares during the last quarter. Bank of Nova Scotia lifted its position in 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 acquiring an additional 155 shares during the period. Finally, Main Street Financial Solutions LLC grew its stake in 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 valued at $528,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Accenture Stock Down 3.4%
Shares of ACN stock opened at $137.29 on Thursday. Accenture PLC has a twelve month low of $118.15 and a twelve month high of $304.19. The stock has a market cap of $91.68 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.41 and a beta of 1.13. The stock has a 50 day moving average of $161.95 and a 200 day moving average of $205.36. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15.
Accenture declared that its Board of Directors has initiated a share repurchase program on Tuesday, June 23rd that allows the company to buyback $2.00 billion in outstanding 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 programs are typically a sign that the company’s management believes its stock is undervalued.
Accenture Announces Dividend
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 $1.63 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a yield of 4.7%. Accenture’s payout ratio is presently 52.08%.
Insider Buying and Selling at Accenture
In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the transaction, the chief executive officer owned 12,802 shares in the company, valued at approximately $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 SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company’s stock.
Key Accenture News
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
Analyst Ratings Changes
ACN has been the subject of several research analyst reports. Oppenheimer set a $201.00 price objective on Accenture in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Accenture from $199.00 to $140.00 and set a “hold” rating on the stock in a report on Monday, June 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $200.00 price target on shares of Accenture in a research report on Monday, June 22nd. Mizuho dropped their price objective on shares of Accenture from $280.00 to $226.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Finally, William Blair lowered shares of Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $193.33.
Get Our Latest Stock Report on Accenture
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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