Pictet Asset Management Holding SA Sells 273,486 Shares of Accenture PLC $ACN

Pictet Asset Management Holding SA cut its holdings in Accenture PLC (NYSE:ACN) by 31.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 602,566 shares of the information technology services provider’s stock after selling 273,486 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Accenture were worth $119,477,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Teacher Retirement System of Texas raised its stake in shares of Accenture by 27.7% in the 4th quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock valued at $75,752,000 after acquiring an additional 61,314 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Accenture by 197.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock worth $37,960,000 after purchasing an additional 93,880 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Accenture by 36.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider’s stock valued at $149,582,000 after purchasing an additional 149,357 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Accenture by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock valued at $17,726,831,000 after purchasing an additional 854,361 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of Accenture by 12.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 335,314 shares of the information technology services provider’s stock worth $89,965,000 after buying an additional 36,037 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction 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 in the company, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by company insiders.

Accenture Trading Down 0.0%

Shares of ACN opened at $128.94 on Monday. The stock’s 50-day moving average price is $170.63 and its 200 day moving average price is $213.13. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $86.11 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 1.28 and a beta of 1.09. Accenture PLC has a 12-month low of $118.15 and a 12-month high of $307.77.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. The company 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%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts predict that Accenture PLC will post 13.84 earnings per share for the current year.

Accenture declared that its board has initiated a stock buyback program 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 buy up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Accenture Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a yield of 5.1%. Accenture’s payout ratio is currently 52.08%.

Analyst Upgrades and Downgrades

ACN has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating on the stock in a research note on Monday, June 8th. Truist Financial cut their target price on shares of Accenture from $210.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, June 22nd. Wolfe Research restated an “outperform” rating and set a $200.00 price target on shares of Accenture in a report on Tuesday, June 16th. Berenberg Bank lowered their price target on Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Accenture from $199.00 to $140.00 and set a “hold” rating for the company in a research report on Monday, June 22nd. Twelve investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, Accenture presently has an average rating of “Hold” and a consensus price target of $195.00.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Negative Sentiment: BNP Paribas Exane cut its price target on Accenture from $180 to $130 and kept a neutral rating, citing execution and growth risks. MarketScreener
• Negative Sentiment: DBS Bank downgraded Accenture to hold, and other coverage pointed to weaker-than-expected FY2026 guidance, adding pressure to near-term sentiment. Zacks
• Negative Sentiment: Law firms Bragar Eagel & Squire and Kirby McInerney announced investigations into possible securities issues involving Accenture, which can create headline risk for the stock. GlobeNewswire
• Neutral Sentiment: Some commentary argued the market may be too quick to label Accenture an “AI loser,” suggesting its AI and growth narrative may still have upside if execution improves. TipRanks
• Neutral Sentiment: Several articles noted Accenture is drawing heavier trading and investor attention, reflecting debate about whether the stock can recover after a steep year-to-date decline. Yahoo Finance

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.