SteelPeak Wealth LLC Acquires Shares of 13,230 Accenture PLC $ACN

SteelPeak Wealth LLC bought a new stake in Accenture PLC (NYSE:ACN) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 13,230 shares of the information technology services provider’s stock, valued at approximately $2,623,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ACN. Independent Financial Group LLC acquired a new stake in shares of Accenture during the first quarter worth approximately $212,000. Enterprise Financial Services Corp boosted its stake in Accenture by 9.0% during the 1st quarter. Enterprise Financial Services Corp now owns 2,574 shares of the information technology services provider’s stock valued at $510,000 after acquiring an additional 212 shares during the last quarter. Frazier Financial Advisors LLC grew its holdings in Accenture by 0.8% during the 1st quarter. Frazier Financial Advisors LLC now owns 10,993 shares of the information technology services provider’s stock worth $2,180,000 after acquiring an additional 82 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Accenture in the 1st quarter worth about $39,666,000. Finally, D.A. Davidson & CO. increased its position in shares of Accenture by 16.1% in the 1st quarter. D.A. Davidson & CO. now owns 305,168 shares of the information technology services provider’s stock worth $60,512,000 after purchasing an additional 42,349 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated 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 owned 12,802 shares in the company, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Down 0.7%

NYSE:ACN opened at $143.56 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 stock has a 50 day moving average of $156.38 and a 200-day moving average of $199.36. The firm has a market capitalization of $95.87 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09.

Accenture (NYSE:ACN) last announced 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 for 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 last year, the business 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 year.

Accenture declared that its board has approved a stock repurchase program 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 reacquire up to 2.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Accenture Announces Dividend

The company 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 dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 4.5%. Accenture’s payout ratio is 52.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $136.00 price target on shares of Accenture in a research report on Friday, July 10th. JPMorgan Chase & Co. cut their price objective on Accenture from $247.00 to $201.00 and set an “overweight” rating on the stock in a research note on Monday, June 8th. Argus decreased their target price on Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Jefferies Financial Group lowered their price target on Accenture from $210.00 to $185.00 and set a “hold” rating for the company in a report on Monday, June 15th. Finally, Dbs Bank lowered Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $193.19.

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.