Rep. Dan Newhouse Acquires Shares of Accenture PLC (NYSE:ACN)

Representative Dan Newhouse (Republican-Washington) recently bought shares of Accenture PLC (NYSE:ACN). In a filing disclosed on July 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Accenture stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.

Accenture Stock Up 0.7%

NYSE:ACN opened at $144.63 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $96.58 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.49 and a beta of 1.13. The company’s 50-day simple moving average is $155.82 and its 200-day simple moving average is $197.97. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09.

Accenture (NYSE:ACN) last released 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 analyst estimates of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, equities analysts anticipate that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture declared that its board has initiated a stock repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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

Hedge Funds Weigh In On Accenture

A number of institutional investors have recently modified their holdings of ACN. Brighton Jones LLC boosted its position in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Accenture by 46.9% in the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after buying an additional 660 shares in the last quarter. United Bank boosted its stake in shares of Accenture by 49.8% during the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after acquiring an additional 1,209 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Accenture by 23.0% in the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 155 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in Accenture by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price target on Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Oppenheimer set a $201.00 price objective on shares of Accenture in a research report on Monday, June 8th. Wells Fargo & Company decreased their price target on shares of Accenture from $200.00 to $194.00 and set an “overweight” rating for the company in a report on Monday. Argus dropped their price objective on shares of Accenture from $335.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Finally, Dbs Bank downgraded Accenture from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $192.96.

Insiders Place Their Bets

In other news, CEO Atsushi Egawa sold 4,872 shares of the business’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 sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.