Nichols & Pratt Advisers LLP MA lowered its position in Accenture PLC (NYSE:ACN – Free 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 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:
- Positive Sentiment: Accenture announced a multi-million euro contract with NATO to support its Protected Business Network program, adding a high-profile government win that could strengthen near-term revenue visibility. NATO Announces Major Contract with Accenture to Help Advance Towards a More Agile and Resilient Digital Infrastructure
- Positive Sentiment: Accenture expanded its AI partnership with Google Cloud, launching “Accenture Edge” to deliver scalable agentic AI solutions for mid-market companies, which could help support future consulting and cloud services growth. Accenture Edge and Google Cloud Bring Scalable Agentic AI Solutions to Mid-Market Companies
- Positive Sentiment: The company also deepened its AI and cybersecurity push with ServiceNow, positioning itself to capture more demand for agentic AI-driven risk management and security services. Is Accenture’s Agentic AI Push With ServiceNow a Game Changer?
- Neutral Sentiment: Analysts and commentary note that Accenture may be trading at a discount after a steep decline, which could attract value-focused investors if its AI initiatives translate into better bookings and growth. Accenture PLC (ACN) Shares Surge 3.8% — What GF Score of 77 Tells Investors
- Negative Sentiment: Despite the new contract and partnerships, recent coverage highlights weak share performance, soft bookings, and a pressured revenue outlook, suggesting investors remain cautious about the pace of Accenture’s recovery. Accenture Down 29.3% in 3 Months: How to Approach the Stock Now?
- Negative Sentiment: Some articles also warn that Accenture’s AI push faces a major test, implying the market is still uncertain whether these initiatives will offset disruption and revive growth. Accenture (NYSE:ACN) AI Push Faces A Big Test
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.
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