Diamond Hill Capital Management Inc. lessened its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 778,679 shares of the information technology services provider’s stock after selling 94,156 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Accenture were worth $208,920,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Triumph Capital Management acquired a new position in Accenture in the third quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in Accenture in the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Accenture in the fourth quarter worth approximately $27,000. Private Wealth Management Group LLC grew its position in Accenture by 96.4% in the fourth quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock worth $29,000 after buying an additional 53 shares during the last quarter. Finally, Steph & Co. grew its position in Accenture by 107.5% in the fourth quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Accenture Trading Down 0.7%
Accenture stock opened at $177.94 on Friday. The company’s fifty day simple moving average is $187.86 and its 200-day simple moving average is $229.13. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $155.82 and a 12 month high of $321.77. The stock has a market cap of $118.41 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.70 and a beta of 1.08.
Accenture Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Thursday, April 9th. Accenture’s payout ratio is currently 53.40%.
Insider Activity
In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on 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 sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.
Trending Headlines about Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture announced a strategic investment in XBOW, an agentic AI-powered autonomous cybersecurity testing platform, through Accenture Ventures. The move expands its AI and cybersecurity capabilities and could help it offer more advanced security services to clients. Accenture (ACN) Invests in AI-Driven Security Platform XBOW
- Positive Sentiment: Accenture also unveiled a collaboration with HUMAIN to accelerate AI adoption across Saudi Arabia’s public and private sectors, positioning the company as a strategic AI partner in a growing international market. HUMAIN and Accenture Accelerate AI Adoption at Scale Across Public and Private Sectors in Saudi Arabia
- Neutral Sentiment: Recent market commentary says Accenture has outperformed the broader market in the latest session, while also noting the stock remains well below its recent highs after a steep year-long decline. This reflects improving short-term momentum, but the bigger picture is still tied to whether AI-related wins can translate into stronger earnings growth. Accenture (ACN) Outpaces Stock Market Gains: What You Should Know
Analysts Set New Price Targets
Several research firms have issued reports on ACN. Piper Sandler set a $282.00 price target on shares of Accenture in a research report on Thursday, March 5th. Royal Bank Of Canada decreased their price target on shares of Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Robert W. Baird decreased their price target on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of Accenture from $243.00 to $247.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Finally, Truist Financial lowered their price objective on shares of Accenture from $317.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $274.50.
Check Out Our Latest Report 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.
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