California State Teachers Retirement System Cuts Holdings in Accenture PLC $ACN

California State Teachers Retirement System lessened its stake in Accenture PLC (NYSE:ACN) by 3.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 934,548 shares of the information technology services provider’s stock after selling 30,771 shares during the quarter. California State Teachers Retirement System’s holdings in Accenture were worth $185,312,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in Accenture in the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new position in Accenture during the 4th quarter worth approximately $27,000. McMillan Office Inc. purchased a new stake in shares of Accenture in the 4th quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Accenture in the 4th quarter valued at $27,000. Finally, Private Wealth Management Group LLC lifted its position in shares of Accenture by 96.4% during the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the sale, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. 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 currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ACN. Truist Financial lowered their target price on shares of Accenture from $210.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, June 22nd. Citigroup decreased their price target on Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Wells Fargo & Company lowered their price objective on Accenture from $200.00 to $194.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. Dbs Bank downgraded Accenture from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Susquehanna decreased their target price on Accenture from $186.00 to $140.00 and set a “neutral” 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 issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $192.96.

Accenture Price Performance

Shares of ACN opened at $164.62 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $291.09. The stock has a market cap of $109.94 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The firm has a fifty day moving average price of $153.22 and a 200 day moving average price of $192.88.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping 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 company had revenue of $18.72 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same quarter last year, the company posted $3.49 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, sell-side analysts anticipate that Accenture PLC will post 13.85 EPS for the current year.

Accenture announced that its board has approved a stock repurchase plan on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors 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 yield of 4.0%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is currently 52.08%.

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.