SVB Wealth LLC Trims Stake in Accenture PLC $ACN

SVB Wealth LLC reduced its stake in Accenture PLC (NYSE:ACNFree Report) by 27.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,852 shares of the information technology services provider’s stock after selling 7,903 shares during the quarter. SVB Wealth LLC’s holdings in Accenture were worth $4,135,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ACN. CPC Advisors LLC bought a new position in shares of Accenture during the 1st quarter valued at approximately $200,000. Brookstone Capital Management raised its stake in Accenture by 7.3% during the 1st quarter. Brookstone Capital Management now owns 2,270 shares of the information technology services provider’s stock worth $450,000 after acquiring an additional 155 shares during the period. jvl associates llc lifted its holdings in Accenture by 3.6% during the first quarter. jvl associates llc now owns 4,060 shares of the information technology services provider’s stock valued at $805,000 after purchasing an additional 141 shares in the last quarter. Smith Salley Wealth Management boosted its position in shares of Accenture by 3.0% in the first quarter. Smith Salley Wealth Management now owns 56,346 shares of the information technology services provider’s stock worth $11,173,000 after purchasing an additional 1,660 shares during the period. Finally, Allegheny Financial Group raised its position in shares of Accenture by 28.6% during the 1st quarter. Allegheny Financial Group now owns 1,173 shares of the information technology services provider’s stock valued at $233,000 after purchasing an additional 261 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 2.8%

Shares of ACN opened at $124.43 on Tuesday. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $307.77. 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 business’s 50 day simple moving average is $175.52 and its 200-day simple moving average is $217.11. The stock has a market capitalization of $82.80 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

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

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given 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 5.2%. Accenture’s dividend payout ratio is 52.08%.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Argus dropped their target price on shares of Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a report on Monday. Wolfe Research reissued an “outperform” rating and set a $200.00 price target on shares of Accenture in a report on Tuesday, June 16th. Evercore set a $180.00 price objective on Accenture in a research note on Thursday. Truist Financial decreased their target price on Accenture from $210.00 to $150.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Mizuho lowered their price target on Accenture from $309.00 to $280.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Thirteen analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $199.77.

Read Our Latest Stock Analysis on ACN

Insider Activity

In other 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 value 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. The trade was a 27.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by insiders.

About Accenture

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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