Nichols & Pratt Advisers LLP MA Has $8.73 Million Stock Position in Accenture PLC $ACN

Nichols & Pratt Advisers LLP MA lowered its position in Accenture PLC (NYSE:ACNFree Report) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,046 shares of the information technology services provider’s stock after selling 6,180 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Accenture were worth $8,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACN. Board of the Pension Protection Fund bought a new position in shares of Accenture in the 4th quarter worth $27,000. Laurel Wealth Advisors LLC bought a new stake in Accenture during the 4th quarter valued at $27,000. McMillan Office Inc. acquired a new position in Accenture during the fourth quarter worth $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Accenture in the fourth quarter valued at $27,000. Finally, Triumph Capital Management acquired a new position in shares of Accenture during the third quarter valued at about $26,000. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $137.29 on Thursday. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $304.19. The company’s 50 day moving average price is $161.95 and its two-hundred day moving average price is $205.36. The stock has a market cap of $91.68 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.41 and a beta of 1.13. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

Accenture (NYSE:ACNGet Free Report) last released its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) 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 return on equity of 26.47% and a net margin of 10.66%.Accenture’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.49 earnings per share. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 4.7%. Accenture’s dividend payout ratio (DPR) is currently 52.08%.

Accenture declared that its board has authorized a share buyback plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACN. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Tuesday, June 9th. Evercore set a $180.00 price objective on Accenture in a report on Thursday, June 18th. UBS Group restated a “buy” rating and issued a $275.00 target price on shares of Accenture in a report on Wednesday. DA Davidson cut their target price on Accenture from $275.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Finally, Dbs Bank lowered Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Accenture presently has an average rating of “Hold” and a consensus price target of $193.33.

Check Out Our Latest Stock Analysis on ACN

Insider Activity at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the transaction, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by insiders.

More Accenture News

Here are the key news stories impacting Accenture this week:

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.

Featured Articles

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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.