MassMutual Private Wealth & Trust FSB Reduces Position in Accenture PLC $ACN

MassMutual Private Wealth & Trust FSB decreased its position in shares of Accenture PLC (NYSE:ACN) by 79.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,959 shares of the information technology services provider’s stock after selling 39,645 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Accenture were worth $1,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ACN. Brighton Jones LLC boosted its stake in shares of Accenture by 36.2% during the fourth 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 raised its stake in Accenture by 46.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after acquiring an additional 660 shares during the last quarter. United Bank lifted its position in Accenture by 49.8% during the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after acquiring an additional 1,209 shares during the period. Bank of Nova Scotia lifted its position in Accenture by 23.0% during 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 period. Finally, Main Street Financial Solutions LLC grew its stake in shares of Accenture by 4.2% in the 2nd 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 last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 10,498 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the completion of the sale, the general counsel owned 17,735 shares in the company, valued at $2,890,450.30. This trade represents a 37.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 corporate insiders.

Analyst Ratings Changes

ACN has been the subject of several recent research reports. William Blair downgraded Accenture from an “outperform” rating to a “market perform” rating in a report on Thursday, June 18th. Robert W. Baird set a $190.00 target price on shares of Accenture in a research note on Thursday, June 18th. HSBC lowered their target price on shares of Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Oppenheimer set a $201.00 price target on shares of Accenture in a report on Monday, June 8th. Finally, Dbs Bank downgraded Accenture from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $192.96.

Accenture Price Performance

ACN stock opened at $170.27 on Thursday. The stock has a market capitalization of $113.71 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The stock’s fifty day simple moving average is $152.02 and its 200-day simple moving average is $188.04. 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.

Accenture (NYSE:ACN) last released its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 26.47% and a net margin of 10.66%.The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities research analysts expect that Accenture PLC will post 13.85 EPS for the current year.

Accenture announced that its board has authorized a share buyback plan on Tuesday, June 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Accenture Dividend Announcement

The firm also recently announced 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. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is currently 52.08%.

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.