Acumen Wealth Advisors LLC Cuts Stock Holdings in Accenture PLC $ACN

Acumen Wealth Advisors LLC reduced its stake in Accenture PLC (NYSE:ACN) by 35.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,809 shares of the information technology services provider’s stock after selling 6,428 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in Accenture were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jaffetilchin Investment Partners LLC boosted its holdings in shares of Accenture by 4.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 35 shares in the last quarter. Clayton Financial Group LLC raised its holdings in shares of Accenture by 13.1% during the 4th quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after buying an additional 38 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its position in Accenture by 0.9% in the 3rd 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 worth $1,089,000 after buying an additional 41 shares during the last quarter. Peak Asset Management LLC boosted its stake in 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 buying an additional 43 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew 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 valued at $1,108,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ACN shares. JPMorgan Chase & Co. lowered their price objective on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $136.00 target price on shares of Accenture in a research report on Friday, July 10th. DA Davidson lowered their price target on shares of Accenture from $275.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Mizuho reduced their price objective on Accenture from $280.00 to $226.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group decreased their price objective on Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, June 15th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Accenture has a consensus rating of “Hold” and a consensus price target of $192.96.

Insider Buying and Selling

In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares in the company, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by insiders.

Accenture Stock Down 2.5%

Shares of NYSE ACN opened at $141.11 on Wednesday. The firm’s fifty day moving average is $155.25 and its 200 day moving average is $197.08. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The company has a market cap of $94.23 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.50 and a beta of 1.13.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.10. The business 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 firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. 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, equities research analysts expect that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio is currently 52.08%.

Accenture declared that its board has approved a share buyback plan 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 buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.