Princeton Global Asset Management LLC Sells 12,037 Shares of Accenture PLC $ACN

Princeton Global Asset Management LLC lessened its stake in Accenture PLC (NYSE:ACN) by 94.9% during the first quarter, Holdings Channel reports. The firm owned 641 shares of the information technology services provider’s stock after selling 12,037 shares during the period. Princeton Global Asset Management LLC’s holdings in Accenture were worth $127,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC increased its stake in 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 boosted its stake in shares of Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after buying an additional 660 shares during the last quarter. United Bank grew its holdings 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 valued at $1,088,000 after acquiring an additional 1,209 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Accenture by 23.0% during 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 lifted its holdings in Accenture by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock worth $528,000 after acquiring an additional 72 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling 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 sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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.

Accenture Price Performance

Accenture stock opened at $124.92 on Tuesday. The firm has a market capitalization of $83.42 billion, a P/E ratio of 9.98, a PEG ratio of 1.28 and a beta of 1.09. Accenture PLC has a one year low of $118.15 and a one year high of $307.77. 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 has a fifty day moving average price of $169.25 and a 200-day moving average price of $212.11.

Accenture (NYSE:ACN) last announced its quarterly earnings results 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. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm had revenue of $18.72 billion for the quarter, compared to analysts’ expectations of $18.78 billion. During the same period in the prior year, the business posted $3.49 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, equities research analysts forecast that Accenture PLC will post 13.84 EPS for the current year.

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

Accenture Announces Dividend

The firm 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 of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 5.2%. Accenture’s payout ratio is presently 52.08%.

Analyst Ratings Changes

A number of brokerages have issued reports on ACN. BNP Paribas Exane reduced their price objective on Accenture from $180.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday. The Goldman Sachs Group cut their price target on shares of Accenture from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. DA Davidson decreased their price objective on shares of Accenture from $275.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Oppenheimer set a $201.00 price objective on shares of Accenture in a research report on Monday, June 8th. Finally, Dbs Bank cut shares of Accenture from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, Accenture presently has a consensus rating of “Hold” and an average target price of $195.00.

Accenture 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.