Spartan Wealth Advisory Services LLC Takes Position in Accenture PLC $ACN

Spartan Wealth Advisory Services LLC purchased a new position in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,129 shares of the information technology services provider’s stock, valued at approximately $1,017,000.

A number of other institutional investors have also recently bought and sold shares of ACN. Clifford Swan Investment Counsel LLC grew its position in Accenture by 3.7% during the first quarter. Clifford Swan Investment Counsel LLC now owns 191,422 shares of the information technology services provider’s stock worth $37,957,000 after buying an additional 6,863 shares in the last quarter. Euro Pacific Asset Management LLC raised its holdings in Accenture by 84.4% in the 1st quarter. Euro Pacific Asset Management LLC now owns 66,321 shares of the information technology services provider’s stock valued at $13,151,000 after acquiring an additional 30,363 shares in the last quarter. Heartland Bank & Trust Co bought a new stake in shares of Accenture during the 1st quarter valued at $446,000. GS Investments Inc. grew its holdings in shares of Accenture by 0.5% during the 1st quarter. GS Investments Inc. now owns 12,415 shares of the information technology services provider’s stock worth $2,462,000 after purchasing an additional 60 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC increased its position in shares of Accenture by 9.7% in the first quarter. Hamilton Point Investment Advisors LLC now owns 26,532 shares of the information technology services provider’s stock worth $5,261,000 after purchasing an additional 2,350 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Activity

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the transaction, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Stock Down 0.0%

Shares of NYSE ACN opened at $143.56 on Monday. The company has a market cap of $95.87 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.49 and a beta of 1.13. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. The stock has a 50-day moving average price of $156.38 and a two-hundred day moving average price of $198.86.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. The company had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, analysts forecast that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

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

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s payout ratio is presently 52.08%.

Analyst Ratings Changes

A number of research firms recently commented on ACN. HSBC dropped their price target on Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a research report on Monday, June 8th. The Goldman Sachs Group cut their price target on shares of Accenture from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $136.00 price target on shares of Accenture in a research report on Friday, July 10th. Finally, Oppenheimer set a $201.00 price objective on shares of Accenture in a research report on Monday, June 8th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $193.19.

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.