IFM Investors Pty Ltd Acquires 6,642 Shares of Accenture PLC $ACN

IFM Investors Pty Ltd boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,531 shares of the information technology services provider’s stock after acquiring an additional 6,642 shares during the quarter. IFM Investors Pty Ltd’s holdings in Accenture were worth $26,280,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Accenture by 46.9% in the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after acquiring an additional 660 shares during the period. United Bank lifted its stake in shares of Accenture by 49.8% in the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after acquiring an additional 1,209 shares during the period. Bank of Nova Scotia boosted its holdings in Accenture by 23.0% in the second quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock valued at $247,000 after acquiring an additional 155 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Accenture by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 72 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ACN shares. Susquehanna dropped their price target on shares of Accenture from $186.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Morgan Stanley decreased their price objective on shares of Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a research report on Monday, June 22nd. Evercore set a $180.00 target price on shares of Accenture in a report on Thursday, June 18th. Argus cut their price target on shares of Accenture from $335.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group decreased their price target on Accenture from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, June 18th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, Accenture has a consensus rating of “Hold” and a consensus price target of $195.00.

Accenture Price Performance

Accenture stock opened at $124.48 on Wednesday. The stock has a market capitalization of $83.13 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.23 and a beta of 1.08. Accenture PLC has a 52-week low of $118.15 and a 52-week high of $307.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50 day moving average price is $167.78 and its two-hundred day moving average price is $211.07.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.10. The company had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. 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 business posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, equities analysts predict that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture Announces Dividend

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 issued a dividend of $1.63 per share. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 5.2%. Accenture’s dividend payout ratio is currently 52.08%.

Accenture declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CEO Atsushi Egawa sold 4,872 shares of the 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 transaction, the chief executive officer owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by company insiders.

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.