Keybank National Association OH Lowers Holdings in Accenture PLC $ACN

Keybank National Association OH reduced its stake in shares of Accenture PLC (NYSE:ACN) by 6.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 251,002 shares of the information technology services provider’s stock after selling 16,072 shares during the period. Keybank National Association OH’s holdings in Accenture were worth $49,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Accenture by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock worth $17,726,831,000 after acquiring an additional 854,361 shares during the last quarter. State Street Corp increased its holdings in 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 during the last quarter. Capital International Investors lifted its stake in Accenture by 2.0% in the 4th 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 in the last quarter. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 218,719 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of 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 valued at $2,869,199,000 after purchasing an additional 546,198 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. The trade was 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACN. TD Cowen downgraded Accenture from a “buy” rating to a “hold” rating and decreased their target price for the stock from $258.00 to $150.00 in a research report on Monday, June 22nd. Guggenheim cut their price target on Accenture from $225.00 to $185.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Citigroup reduced their price objective on Accenture from $215.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Stifel Nicolaus lowered their target price on Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Finally, UBS Group reissued a “buy” rating on shares of Accenture in a report on Tuesday, June 16th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, Accenture currently has an average rating of “Hold” and a consensus price target of $195.00.

Accenture Trading Up 4.8%

Shares of NYSE ACN opened at $137.40 on Friday. The business’s 50 day moving average is $165.36 and its two-hundred day moving average is $209.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $307.77. The stock has a market capitalization of $91.76 billion, a P/E ratio of 10.97, a PEG ratio of 1.30 and a beta of 1.14.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.10. The business had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts expect that Accenture PLC will post 13.85 EPS for the current year.

Accenture announced that its board has authorized a share buyback program on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows 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 board of directors believes its shares are undervalued.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 4.7%. Accenture’s dividend payout ratio is 52.08%.

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.