34,244 Shares in Accenture PLC $ACN Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of Accenture PLC (NYSE:ACN) in the first quarter, Holdings Channel reports. The firm bought 34,244 shares of the information technology services provider’s stock, valued at approximately $6,790,000.

Other large investors have also modified their holdings of the company. Jaffetilchin Investment Partners LLC lifted its position in Accenture by 4.2% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after acquiring an additional 35 shares during the last quarter. Clayton Financial Group LLC increased its stake in shares of Accenture by 13.1% in the fourth 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. lifted its position in shares of 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 last quarter. Peak Asset Management LLC boosted its stake in 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 valued at $1,461,000 after purchasing an additional 43 shares during the period. Finally, SkyView Investment Advisors LLC boosted its stake in Accenture by 1.2% during 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 purchasing an additional 43 shares during the period. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Accenture

In related 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 value 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 approximately $2,267,746.28. This represents a 27.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by company insiders.

Accenture Stock Up 6.0%

NYSE ACN opened at $147.04 on Friday. The stock’s 50 day simple moving average is $153.92 and its 200 day simple moving average is $194.99. 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 firm has a market cap of $98.20 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.13. Accenture PLC has a one year low of $118.15 and a one year high of $291.09.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.10. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The firm had revenue of $18.72 billion during the quarter, compared to analysts’ expectations of $18.78 billion. During the same quarter in the previous year, the company posted $3.49 EPS. Accenture’s revenue was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, sell-side 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 approved a stock buyback program on Tuesday, June 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, July 9th. Accenture’s payout ratio is 52.08%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BNP Paribas Exane cut their price target on Accenture from $180.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, June 26th. JPMorgan Chase & Co. cut their target price on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a research note on Monday, June 8th. Robert W. Baird set a $190.00 price target on shares of Accenture in a report on Thursday, June 18th. Evercore set a $180.00 price objective on shares of Accenture in a research report on Thursday, June 18th. Finally, Wolfe Research reiterated an “outperform” rating and set a $200.00 price target on shares of Accenture in a research note on Tuesday, June 16th. Twelve investment 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’s stock. According to MarketBeat.com, Accenture currently has a consensus rating of “Hold” and an average target price of $192.96.

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.