O Shaughnessy Asset Management LLC increased its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 23.9% in the 4th quarter, HoldingsChannel reports. The firm owned 117,056 shares of the information technology services provider’s stock after acquiring an additional 22,605 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Accenture were worth $31,406,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ACN. Brighton Jones LLC grew its position in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares during the period. Sivia Capital Partners LLC boosted its stake in Accenture by 46.9% during the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after acquiring an additional 660 shares in the last quarter. United Bank grew its holdings in Accenture by 49.8% in the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 1,209 shares during the period. Bank of Nova Scotia increased its stake in Accenture by 23.0% in the second 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 raised its holdings in shares of Accenture by 4.2% during 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. 75.14% of the stock is currently owned by institutional investors.
Accenture Price Performance
Shares of NYSE ACN opened at $174.42 on Tuesday. The company has a market capitalization of $116.06 billion, a PE ratio of 14.28, a PEG ratio of 1.69 and a beta of 1.09. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $183.86 and its 200-day moving average price is $223.76. Accenture PLC has a twelve month low of $155.82 and a twelve month high of $321.77.
Accenture Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, April 9th. Accenture’s payout ratio is 53.40%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. TD Cowen reduced their target price on Accenture from $282.00 to $258.00 and set a “buy” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price target on Accenture from $210.00 to $199.00 and set a “hold” rating on the stock in a report on Tuesday, June 2nd. Royal Bank Of Canada lowered their target price on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Oppenheimer set a $201.00 price objective on shares of Accenture in a research note on Monday. Finally, HSBC decreased their target price on shares of Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.81.
Check Out Our Latest Research Report on ACN
More Accenture News
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture announced a new AI Adoption Maturity Model with Carnegie Mellon University’s Software Engineering Institute, a move that could strengthen its positioning as a trusted enterprise AI consulting partner and support future services demand. Article: Accenture and the Carnegie Mellon University Software Engineering Institute Launch AI Adoption Maturity Model to Help Organizations Scale AI with Predictable Outcomes
- Positive Sentiment: Analysts at JPMorgan and TD Cowen maintained bullish ratings on Accenture despite trimming price targets, signaling continued confidence in the company’s long-term fundamentals and upside from current levels. Article: JPMorgan adjusts price target on Accenture to 201 from 247 maintains overweight rating Article: TD Cowen adjusts price target on Accenture to 258 from 282 maintains buy rating
- Positive Sentiment: Accenture’s planned acquisition of Whalar, a leading creator and social agency, suggests it is expanding capabilities in digital marketing and creator-led services, which could broaden its growth opportunities. Article: Accenture to Acquire Leading Creator and Social Agency Whalar, from Whalar Group
- Neutral Sentiment: Commentary pieces emphasized Accenture as a major player in enterprise AI and highlighted its debt-free balance sheet, but these were mostly strategic overviews rather than new financial catalysts. Article: Is Accenture (ACN) Turning AI Readiness Consulting Into a Defensible Edge in Enterprise Services? Article: Accenture Plc (ACN): A Debt-Free IT Stock Expanding AI Capabilities Despite Downgrade
- Negative Sentiment: Accenture shares were pressured by a stock decline versus a broadly firmer market, indicating weak near-term investor sentiment around the name. Article: Accenture (ACN) Stock Falls Amid Market Uptick: What Investors Need to Know
- Negative Sentiment: A recent Truist downgrade noted concerns about constrained client budgets and competitive pressures, reinforcing worries that consulting demand may remain uneven in the near term. Article: Accenture Plc (ACN): A Debt-Free IT Stock Expanding AI Capabilities Despite Downgrade
Insiders Place Their Bets
In related news, CEO Atsushi Egawa sold 4,872 shares of the firm’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 in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a 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 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.
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