Fiduciary Management Inc. WI bought a new position in shares of Accenture PLC (NYSE:ACN – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 711,815 shares of the information technology services provider’s stock, valued at approximately $190,980,000. Accenture makes up approximately 2.1% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its 10th biggest position.
Several other large investors also recently bought and sold shares of ACN. Norges Bank acquired a new stake in Accenture in the fourth quarter valued at approximately $2,146,995,000. Capital International Investors lifted its stake in Accenture by 41.1% during the third quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock worth $4,223,839,000 after purchasing an additional 4,984,930 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Accenture during the third quarter worth $311,694,000. Capital World Investors bought a new position in Accenture during the third quarter worth $268,578,000. Finally, Pzena Investment Management LLC increased its holdings in shares of Accenture by 287.0% in the 4th quarter. Pzena Investment Management LLC now owns 1,307,722 shares of the information technology services provider’s stock worth $350,862,000 after acquiring an additional 969,792 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.
Key Accenture News
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Zacks highlighted Accenture’s strong earnings-surprise track record and said the company has the ingredients for another beat when it next reports results, which can lift sentiment ahead of earnings. Will Accenture (ACN) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Stifel Nicolaus reiterated its Buy rating on Accenture, reinforcing the view that the stock remains attractive at current levels. Stifel Nicolaus Sticks to Its Buy Rating for Accenture (ACN)
- Positive Sentiment: Accenture announced a strategic investment and partnership with AlphaSense to bring agentic AI workflows for market intelligence to enterprises, underscoring continued momentum in AI services and enterprise transformation. Accenture and AlphaSense Announce Strategic Investment and Partnership to Bring Agentic Workflows for Market Intelligence to Enterprises
- Positive Sentiment: TEPCO Solution Advance also said it is working with Accenture to reinvent operations with AI, adding another example of new client demand tied to Accenture’s AI consulting capabilities. TEPCO Solution Advance Teams with Accenture to Reinvent Operations with AI
- Neutral Sentiment: Several recent opinion pieces argued that Accenture looks undervalued on earnings and cash flow metrics, which may help investor confidence, but these were commentary rather than new fundamentals. Accenture: A 57% Drop Meets A 12.8 P/E – The Ultimate Margin Of Safety
- Neutral Sentiment: Other analysis said AI is accelerating demand rather than disrupting Accenture’s business model, supporting the long-term bull case but not changing near-term results on its own. Accenture: AI Is Accelerating Instead Of Disrupting The Consultancy
- Negative Sentiment: At least one recent valuation update trimmed Accenture’s fair value estimate and another note pointed to softer IT spending and AI competition, reflecting lingering caution around growth and margins. How The Investment Story For Accenture (ACN) Is Shifting With AI And Softer IT Spending
Accenture Price Performance
Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The firm had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same period in the previous year, the business earned $2.82 earnings per share. Accenture’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture PLC will post 13.88 EPS for the current fiscal year.
Accenture Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were given a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 annualized dividend and a yield of 3.7%. Accenture’s payout ratio is 53.40%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on ACN shares. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $243.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. The Goldman Sachs Group reduced their price objective on shares of Accenture from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Accenture in a report on Tuesday, March 17th. Morgan Stanley reduced their price objective on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Finally, BMO Capital Markets reduced their price objective on shares of Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a report on Friday, March 20th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $265.54.
View Our Latest Research Report on Accenture
Insider Buying and Selling
In other Accenture 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 value of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.
See Also
- Five stocks we like better than Accenture
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN – Free Report).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.
