Healthcare of Ontario Pension Plan Trust Fund Has $115.73 Million Position in Accenture PLC $ACN

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Accenture PLC (NYSE:ACN) by 9.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 583,647 shares of the information technology services provider’s stock after purchasing an additional 50,132 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Accenture were worth $115,731,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ACN. Jaffetilchin Investment Partners LLC grew its holdings in Accenture by 4.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock valued at $236,000 after buying an additional 35 shares during the last quarter. Clayton Financial Group LLC lifted its holdings in shares of Accenture by 13.1% during the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock worth $88,000 after buying an additional 38 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its position in shares of Accenture by 0.9% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after acquiring an additional 41 shares during the period. Peak Asset Management LLC grew its stake in shares of Accenture by 0.8% in the fourth quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock worth $1,461,000 after acquiring an additional 43 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in Accenture by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares during the period. 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 that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research reports. UBS Group reissued a “buy” rating and issued a $275.00 price target on shares of Accenture in a report on Wednesday, July 8th. Berenberg Bank dropped their price objective on shares of Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $136.00 price objective on shares of Accenture in a research report on Friday, July 10th. DA Davidson decreased their target price on Accenture from $275.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Finally, Evercore set a $180.00 price target on Accenture in a research note on Thursday, June 18th. Twelve analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $192.96.

Accenture Stock Up 6.0%

ACN opened at $147.04 on Friday. The company has a market capitalization of $98.20 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.44 and a beta of 1.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The firm’s fifty day moving average price is $153.92 and its two-hundred day moving average price is $194.99. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09.

Accenture (NYSE:ACN) last announced 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 company had revenue of $18.72 billion during the quarter, compared to analysts’ expectations of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, analysts anticipate that Accenture PLC will post 13.85 EPS for the current year.

Accenture announced that its Board of Directors has approved a stock buyback 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 reacquire up to 2.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Accenture Announces Dividend

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

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.