Polianta Ltd bought a new position in Accenture PLC (NYSE:ACN – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,500 shares of the information technology services provider’s stock, valued at approximately $1,487,000.
Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund bought a new stake in Accenture in the fourth quarter valued at $27,000. Laurel Wealth Advisors LLC bought a new position in Accenture in the 4th quarter worth $27,000. McMillan Office Inc. bought a new position in shares of Accenture in the 4th quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Accenture in the 4th quarter worth about $27,000. Finally, Triumph Capital Management purchased a new stake in shares of Accenture in the 3rd quarter worth approximately $26,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Accenture Stock Performance
Accenture stock opened at $126.75 on Friday. The company’s 50-day moving average price is $176.76 and its 200-day moving average price is $218.35. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The company has a market cap of $84.34 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. Accenture PLC has a twelve month low of $125.60 and a twelve month high of $307.77.
Accenture Dividend Announcement
The business 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 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is presently 52.08%.
Insider Activity at Accenture
In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction that occurred 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 transaction, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.
Analyst Ratings Changes
Several equities analysts recently issued reports on ACN shares. William Blair cut Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday. TD Cowen reduced their price target on shares of Accenture from $282.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Guggenheim reduced their price objective on Accenture from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, June 11th. Mizuho dropped their target price on shares of Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Accenture from $210.00 to $199.00 and set a “hold” rating for the company in a research note on Tuesday, June 2nd. Fifteen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.19.
Read Our Latest Analysis on ACN
Accenture News Summary
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture beat quarterly EPS expectations and reported 5.6% year-over-year revenue growth, showing the business is still growing despite a tougher backdrop.
- Positive Sentiment: The company announced a quarterly dividend of $1.63 per share, which may appeal to income-focused investors and signals ongoing cash-return capacity.
- Positive Sentiment: Accenture is expanding its cybersecurity push with acquisitions and investments aimed at critical infrastructure defense, which could support longer-term growth in a high-demand area. Accenture to Strengthen Critical Infrastructure Defense with End-to-End Cybersecurity Platform in Age of AI-Driven Cyber Threats and Geopolitical Risk
- Neutral Sentiment: Analysts at Wells Fargo, Goldman Sachs, and BNP Paribas lowered price targets, but many still see upside from current levels; ratings were mostly maintained at neutral or equivalent.
- Neutral Sentiment: Commentary around Accenture drawing fresh S&P 500 attention suggests investors are reassessing whether the selloff has become excessive relative to fundamentals. Why Accenture (NYSE:ACN) Is Drawing Fresh S&P 500 Attention?
- Negative Sentiment: Management’s reduced revenue outlook is the main catalyst behind the stock’s sharp decline, as it points to weaker client spending and slower growth ahead.
- Negative Sentiment: The company’s large cybersecurity acquisition plans are also raising questions about integration risk and capital allocation during a period of slowing growth.
- Negative Sentiment: Multiple headlines say the weak outlook has sparked a broad selloff in IT shares globally, reinforcing the market’s negative reaction to Accenture’s guidance cut. Indian IT stocks slump up to 7% as Accenture cuts revenue outlook, fueling fresh concerns over sector growth
About Accenture
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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