OMERS ADMINISTRATION Corp Increases Position in Accenture PLC $ACN

OMERS ADMINISTRATION Corp raised its holdings in Accenture PLC (NYSE:ACN) by 373.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,343 shares of the information technology services provider’s stock after buying an additional 155,653 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Accenture were worth $39,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ACN. Triumph Capital Management acquired a new stake in shares of Accenture in the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. McMillan Office Inc. purchased a new stake in Accenture in the 4th quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Accenture during the 4th quarter worth $27,000. Finally, Private Wealth Management Group LLC grew its position in 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.

Accenture Price Performance

Shares of NYSE ACN opened at $147.04 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $153.92 and its 200 day moving average price is $194.99. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09. The stock has a market cap of $98.20 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.52 and a beta of 1.13.

Accenture (NYSE:ACN) last issued its quarterly earnings results 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 business had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts forecast that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture announced that its Board of Directors has authorized a share 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 purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio is currently 52.08%.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business’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 transaction, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Dbs Bank cut Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Robert W. Baird set a $190.00 price target on Accenture in a research note on Thursday, June 18th. Stifel Nicolaus decreased their price target on Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $136.00 price objective on shares of Accenture in a research report on Friday, July 10th. Finally, DA Davidson cut their price objective on shares of Accenture from $275.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $192.96.

About Accenture

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.