Blackhawk Capital Partners LLC acquired a new position in shares of Accenture PLC (NYSE:ACN – Free Report) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 5,383 shares of the information technology services provider’s stock, valued at approximately $1,067,000.
Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Accenture in the fourth quarter valued at about $2,146,995,000. Voloridge Investment Management LLC bought a new position in Accenture during the 3rd quarter worth approximately $311,694,000. Franklin Resources Inc. grew its position in shares of Accenture by 15.9% in the 4th quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider’s stock worth $2,192,907,000 after acquiring an additional 1,122,855 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Accenture by 84.0% in the 1st quarter. Pzena Investment Management LLC now owns 2,405,683 shares of the information technology services provider’s stock valued at $477,023,000 after acquiring an additional 1,097,961 shares during the last quarter. Finally, FIL Ltd raised its position in shares of Accenture by 33.5% during the 4th quarter. FIL Ltd now owns 3,921,049 shares of the information technology services provider’s stock valued at $1,052,017,000 after acquiring an additional 983,840 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Insider Activity at Accenture
In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company’s stock.
Accenture Price Performance
Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.10. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.78 billion. During the same period in the previous year, the firm posted $3.49 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Analysts forecast that Accenture PLC will post 13.85 EPS for the current year.
Accenture declared that its board has initiated a stock repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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 $1.63 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 4.8%. Accenture’s dividend payout ratio is presently 52.08%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on ACN. Robert W. Baird set a $190.00 price objective on shares of Accenture in a report on Thursday, June 18th. Weiss Ratings downgraded shares of Accenture from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $136.00 price target on shares of Accenture in a report on Friday, July 10th. Wells Fargo & Company reiterated an “overweight” rating and set a $200.00 price objective on shares of Accenture in a research note on Monday, June 22nd. Finally, HSBC cut their target price on shares of Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Twelve analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $193.19.
Get Our Latest 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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