Accenture PLC $ACN Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its stake in Accenture PLC (NYSE:ACN) by 7.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,959 shares of the information technology services provider’s stock after acquiring an additional 4,358 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Accenture were worth $12,484,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Jaffetilchin Investment Partners LLC lifted its stake in Accenture by 4.2% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock valued at $236,000 after buying an additional 35 shares during the last quarter. Clayton Financial Group LLC lifted its position in Accenture by 13.1% in the 4th quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after purchasing an additional 38 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its position in Accenture by 0.9% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock worth $1,089,000 after purchasing an additional 41 shares during the last quarter. Peak Asset Management LLC increased its stake in shares of Accenture by 0.8% in the fourth quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock valued at $1,461,000 after purchasing an additional 43 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Accenture by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after buying an additional 43 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of several analyst reports. Guggenheim cut their target price on Accenture from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. UBS Group reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Accenture in a report on Wednesday, July 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $150.00 target price on shares of Accenture in a research report on Friday, June 19th. Weiss Ratings cut shares of Accenture from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Accenture from $253.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, June 22nd. Twelve research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Hold” and an average target price of $192.96.

Accenture Price Performance

Shares of NYSE:ACN opened at $144.63 on Tuesday. The company has a market capitalization of $96.58 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 1.49 and a beta of 1.13. 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 has a fifty day moving average of $155.82 and a 200-day moving average of $197.97. Accenture PLC has a one year low of $118.15 and a one year high of $291.09.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, beating the consensus estimate 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 was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, equities 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. The ex-dividend date is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.5%. Accenture’s payout ratio is currently 52.08%.

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

Insider Activity at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company’s stock.

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.