Signet Financial Management LLC Acquires 3,739 Shares of Accenture PLC $ACN

Signet Financial Management LLC boosted its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 165.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,998 shares of the information technology services provider’s stock after buying an additional 3,739 shares during the period. Signet Financial Management LLC’s holdings in Accenture were worth $1,189,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. bought a new position in shares of Accenture during the first quarter worth about $577,000. Camden National Bank lifted its stake in Accenture by 0.5% in the 1st quarter. Camden National Bank now owns 45,835 shares of the information technology services provider’s stock valued at $9,089,000 after acquiring an additional 212 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Accenture by 4.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,697 shares of the information technology services provider’s stock worth $1,130,000 after acquiring an additional 264 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Accenture by 20.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 3,465 shares of the information technology services provider’s stock worth $687,000 after acquiring an additional 600 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC raised its holdings in shares of Accenture by 3.1% in the first quarter. Nicholson Wealth Management Group LLC now owns 7,097 shares of the information technology services provider’s stock valued at $1,407,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the subject of several recent research reports. Dbs Bank cut shares of Accenture from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Accenture in a research report on Tuesday, June 16th. Robert W. Baird set a $190.00 price target on shares of Accenture in a research note on Thursday, June 18th. Berenberg Bank lowered their price objective on shares of Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Accenture in a report on Monday, June 22nd. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $193.19.

View Our Latest Analysis on Accenture

Accenture Trading Up 1.8%

Shares of NYSE:ACN opened at $137.04 on Thursday. The company has a market capitalization of $91.52 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.39 and a beta of 1.13. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The business’s 50 day simple moving average is $157.83 and its 200 day simple moving average is $200.65.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings results 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. The business had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.Accenture’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, research analysts anticipate that Accenture PLC will post 13.85 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.63 per share. 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 dividend payout ratio is 52.08%.

Accenture announced that its board has authorized a stock repurchase plan on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction that occurred on 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 owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The transaction 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. Corporate insiders own 0.02% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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