Seilern Investment Management Ltd decreased its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 5.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 163,642 shares of the information technology services provider’s stock after selling 9,343 shares during the quarter. Accenture accounts for about 2.6% of Seilern Investment Management Ltd’s holdings, making the stock its 17th biggest holding. Seilern Investment Management Ltd’s holdings in Accenture were worth $20,364,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its position 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 worth $1,089,000 after acquiring an additional 41 shares in the last quarter. Peak Asset Management LLC raised 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 acquiring an additional 43 shares in the last quarter. SkyView Investment Advisors LLC lifted 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 purchasing an additional 43 shares during the last quarter. Institute for Wealth Management LLC. boosted its holdings in Accenture by 3.2% in the fourth quarter. Institute for Wealth Management LLC. now owns 1,433 shares of the information technology services provider’s stock worth $384,000 after purchasing an additional 44 shares during the period. Finally, Intrua Financial LLC increased its stake in Accenture by 3.3% during the fourth quarter. Intrua Financial LLC now owns 1,442 shares of the information technology services provider’s stock valued at $387,000 after purchasing an additional 46 shares during the last quarter. 75.14% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, General Counsel Joel Unruch sold 10,498 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total value of $1,710,964.04. Following the sale, the general counsel directly owned 17,735 shares in the company, valued at $2,890,450.30. This trade represents a 37.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by corporate insiders.
Accenture Stock Up 2.6%
Accenture (NYSE:ACN – Get Free Report) last posted its earnings results on Friday, June 19th. The information technology services provider reported $3.80 earnings per share (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 firm had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same period in the previous year, the business posted $3.49 EPS. Accenture’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that Accenture PLC will post 13.85 EPS for the current year.
Accenture declared that its Board of Directors has approved a share repurchase plan 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 purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Accenture Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s dividend payout ratio is 52.08%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ACN. Berenberg Bank reduced their price target on shares of Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Stifel Nicolaus dropped their price objective on shares of Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. BMO Capital Markets restated a “market perform” rating and issued a $150.00 target price on shares of Accenture in a research note on Friday, June 19th. Wolfe Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Accenture in a report on Tuesday, June 16th. Finally, DA Davidson dropped their price target on Accenture from $275.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Twelve analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $192.96.
Read Our Latest Analysis on ACN
Accenture 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.
Recommended Stories
- Five stocks we like better than Accenture
- Quantum Earnings Week: Winners and Losers Are Finally Emerging
- Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth
- Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside
- AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN – Free Report).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.
