Impact Partnership Wealth LLC Acquires 9,477 Shares of Accenture PLC $ACN

Impact Partnership Wealth LLC lifted its holdings in Accenture PLC (NYSE:ACN) by 891.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,540 shares of the information technology services provider’s stock after purchasing an additional 9,477 shares during the period. Impact Partnership Wealth LLC’s holdings in Accenture were worth $2,090,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ACN. Vanguard Group Inc. grew its position in Accenture by 1.3% in the 4th 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 acquiring an additional 854,361 shares during the last quarter. State Street Corp boosted its stake in shares of Accenture by 0.5% during the fourth 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 purchasing an additional 129,610 shares during the period. Capital International Investors grew its holdings in shares of Accenture by 2.0% in the fourth quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock worth $4,687,867,000 after purchasing an additional 343,420 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Accenture by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 14,656,436 shares of the information technology services provider’s stock worth $3,922,212,000 after purchasing an additional 218,719 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Accenture by 5.4% in the 4th 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 buying an additional 546,198 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ACN shares. Jefferies Financial Group lowered their price objective on shares of Accenture from $210.00 to $185.00 and set a “hold” rating for the company in a research report on Monday, June 15th. BMO Capital Markets reaffirmed a “market perform” rating and set a $150.00 price target on shares of Accenture in a research note on Friday, June 19th. Stifel Nicolaus lowered 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. Dbs Bank cut Accenture from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Truist Financial reduced their price objective on Accenture from $210.00 to $150.00 and set a “hold” rating on the stock in a report on Monday, June 22nd. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $195.00.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was 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. The trade was a 27.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Accenture Trading Down 0.2%

NYSE:ACN opened at $124.48 on Wednesday. The firm has a 50-day simple moving average of $167.78 and a 200-day simple moving average of $211.07. Accenture PLC has a one year low of $118.15 and a one year high of $307.77. The firm has a market cap of $83.13 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.23 and a beta of 1.08. 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 data 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 firm had revenue of $18.72 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities analysts anticipate that Accenture PLC will post 13.85 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a $1.63 dividend. The ex-dividend date is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.2%. Accenture’s dividend payout ratio (DPR) is currently 52.08%.

Accenture announced that its board has approved a stock buyback plan on Tuesday, June 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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.