Accenture PLC $ACN Shares Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. grew its position in shares of Accenture PLC (NYSE:ACN) by 26.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,787 shares of the information technology services provider’s stock after buying an additional 7,997 shares during the quarter. Accenture accounts for 1.1% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 21st largest holding. Hudson Edge Investment Partners Inc.’s holdings in Accenture were worth $7,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jaffetilchin Investment Partners LLC raised its holdings in Accenture by 4.2% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 35 shares in the last quarter. Clayton Financial Group LLC increased its position in Accenture by 13.1% during the 4th quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock worth $88,000 after purchasing an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its position in Accenture by 0.9% during the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock worth $1,089,000 after purchasing an additional 41 shares during the period. Peak Asset Management LLC raised its stake in shares of Accenture by 0.8% during the 4th quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock worth $1,461,000 after buying an additional 43 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of Accenture by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Accenture from $199.00 to $140.00 and set a “hold” rating on the stock in a report on Monday, June 22nd. DA Davidson decreased their target price on shares of Accenture from $275.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Tuesday, June 9th. The Goldman Sachs Group reduced their price objective on shares of Accenture from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, June 18th. Finally, Mizuho lowered their target price on shares of Accenture from $280.00 to $226.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. Twelve research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $195.00.

Accenture Stock Up 0.0%

Accenture stock opened at $137.40 on Friday. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $307.77. The firm has a market capitalization of $91.76 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.13. The stock’s fifty day moving average is $164.30 and its two-hundred day moving average is $208.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34.

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, topping the consensus estimate 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 business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Analysts predict that Accenture PLC will post 13.85 EPS for the current fiscal year.

Accenture declared that its board has authorized a share buyback program on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically an indication 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. Stockholders of record on Thursday, July 9th will be given a $1.63 dividend. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 4.7%. Accenture’s dividend payout ratio is currently 52.08%.

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.