New York State Teachers Retirement System Increases Position in Accenture PLC $ACN

New York State Teachers Retirement System raised its holdings in Accenture PLC (NYSE:ACN) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 536,497 shares of the information technology services provider’s stock after acquiring an additional 5,090 shares during the period. New York State Teachers Retirement System’s holdings in Accenture were worth $106,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ACN. Brighton Jones LLC increased its holdings in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. 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 buying an additional 660 shares during the last quarter. United Bank grew its holdings in Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after buying an additional 1,209 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Accenture by 23.0% in the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock worth $247,000 after acquiring an additional 155 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Accenture by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock worth $528,000 after acquiring an additional 72 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Price Performance

Accenture stock opened at $137.40 on Friday. The company’s 50 day simple moving average is $165.36 and its 200-day simple moving average is $209.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $307.77. The company has a market capitalization of $91.76 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, equities research analysts expect that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.7%. Accenture’s payout ratio is presently 52.08%.

Accenture declared that its board has authorized a stock repurchase 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 repurchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Evercore set a $180.00 price objective on shares of Accenture in a report on Thursday, June 18th. Jefferies Financial Group reduced their target price on shares of Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, June 15th. UBS Group reiterated a “buy” rating on shares of Accenture in a report on Tuesday, June 16th. Morgan Stanley dropped their price target on shares of Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a research note on Monday, June 22nd. Finally, HSBC reduced their price target on shares of Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Twelve analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Accenture has an average rating of “Hold” and a consensus target price of $195.00.

Insider Activity

In related news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction 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 sale, 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 transaction was disclosed in a 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. Corporate 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.