Accenture PLC $ACN Stock Holdings Increased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC raised its position in shares of Accenture PLC (NYSE:ACNFree Report) by 39.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,848 shares of the information technology services provider’s stock after buying an additional 4,765 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Accenture were worth $3,341,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ACN. Jaffetilchin Investment Partners LLC increased its stake in Accenture by 4.2% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock valued at $236,000 after purchasing an additional 35 shares during the last quarter. Clayton Financial Group LLC lifted its position in shares of Accenture by 13.1% in the 4th quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock worth $88,000 after buying an additional 38 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its holdings in shares of Accenture by 0.9% in the 3rd 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 buying an additional 41 shares during the period. Peak Asset Management LLC grew its position in shares of Accenture by 0.8% during the 4th quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock valued at $1,461,000 after buying an additional 43 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in Accenture by 1.2% during 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 acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Argus decreased their target price on Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Jefferies Financial Group dropped their price target on Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, June 15th. Morgan Stanley reduced their price objective on Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a research report on Monday, June 22nd. Robert W. Baird set a $190.00 price objective on Accenture in a research note on Thursday, June 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $150.00 target price on shares of Accenture in a research note on Friday, June 19th. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has an average rating of “Hold” and a consensus target price of $193.19.

Read Our Latest Stock Report on ACN

Accenture Trading Down 0.0%

Shares of NYSE:ACN opened at $135.19 on Monday. The company has a 50 day moving average of $160.28 and a 200-day moving average of $203.47. The firm has a market cap of $90.28 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.34 and a beta of 1.13. Accenture PLC has a twelve month low of $118.15 and a twelve month high of $291.09. 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 (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, beating 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 analyst estimates of $18.78 billion. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, analysts anticipate that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture declared that its board has authorized a stock buyback 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 buy up to 2.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s payout ratio is currently 52.08%.

Insider Buying and Selling at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.

Accenture Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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