Trilogy Capital Inc. Has $2.38 Million Stock Holdings in Accenture PLC $ACN

Trilogy Capital Inc. lifted its holdings in shares of Accenture PLC (NYSE:ACN) by 1,213.4% during the 2nd quarter, Holdings Channel reports. The firm owned 19,084 shares of the information technology services provider’s stock after purchasing an additional 17,631 shares during the quarter. Trilogy Capital Inc.’s holdings in Accenture were worth $2,375,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Accenture by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock worth $17,726,831,000 after buying an additional 854,361 shares in the last quarter. State Street Corp increased its stake in shares of Accenture by 0.5% in the 4th quarter. State Street Corp now owns 28,264,675 shares of the information technology services provider’s stock valued at $7,583,462,000 after acquiring an additional 129,610 shares in the last quarter. Capital International Investors lifted its position in shares of Accenture by 2.0% during the 4th quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock valued at $4,687,867,000 after acquiring an additional 343,420 shares during the period. Geode Capital Management LLC lifted its position in shares of Accenture by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 14,656,436 shares of the information technology services provider’s stock valued at $3,922,212,000 after acquiring an additional 218,719 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Accenture by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,693,994 shares of the information technology services provider’s stock worth $2,869,199,000 after acquiring an additional 546,198 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Trading Up 2.9%

ACN opened at $170.52 on Wednesday. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The firm has a market capitalization of $113.88 billion, a PE ratio of 13.62, a P/E/G ratio of 1.71 and a beta of 1.09. 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 company’s 50-day moving average is $152.15 and its 200 day moving average is $188.87.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. The business 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 in the previous year, the business 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 13.85 earnings per share for the current fiscal year.

Accenture announced that its Board of Directors has approved a stock buyback plan 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 buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors 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 3.8%. Accenture’s payout ratio is presently 52.08%.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 10,498 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total value of $1,710,964.04. Following the completion of the sale, the general counsel directly owned 17,735 shares of the company’s stock, valued at approximately $2,890,450.30. This represents a 37.18% decrease in their position. The transaction 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. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ACN. BNP Paribas Exane decreased their price target on shares of Accenture from $180.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, June 26th. Dbs Bank downgraded Accenture from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Berenberg Bank dropped their price target on Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Robert W. Baird set a $190.00 price objective on Accenture in a research note on Thursday, June 18th. Finally, Stifel Nicolaus lowered their target price on Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Accenture has an average rating of “Hold” and an average price target of $192.96.

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.