Neumann Capital Management LLC Acquires 6,912 Shares of Accenture PLC $ACN

Neumann Capital Management LLC acquired a new stake in Accenture PLC (NYSE:ACN) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,912 shares of the information technology services provider’s stock, valued at approximately $1,267,000.

Other hedge funds also recently modified their holdings of the company. Flossbach Von Storch SE bought a new stake in shares of Accenture during the 2nd quarter worth about $309,873,000. First Trust Advisors LP raised its holdings in Accenture by 120.0% in the 1st quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock valued at $690,475,000 after acquiring an additional 1,899,305 shares during the period. Pzena Investment Management LLC raised its holdings in Accenture by 84.0% in the 1st quarter. Pzena Investment Management LLC now owns 2,405,683 shares of the information technology services provider’s stock valued at $477,023,000 after acquiring an additional 1,097,961 shares during the period. Artemis Investment Management LLP lifted its position in Accenture by 67.6% during the third quarter. Artemis Investment Management LLP now owns 2,196,789 shares of the information technology services provider’s stock worth $402,825,000 after acquiring an additional 885,687 shares during the last quarter. Finally, Davis Asset Management L.P. acquired a new stake in Accenture during the second quarter worth approximately $92,086,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACN. UBS Group set a $278.00 price objective on Accenture in a report on Thursday. The Goldman Sachs Group increased their target price on Accenture from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Stifel Nicolaus set a $242.00 price target on Accenture in a report on Thursday. Wolfe Research lifted their price target on Accenture from $165.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Argus boosted their price target on Accenture from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Hold” and a consensus price target of $219.26.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture outlined a three-year framework targeting at least mid-single-digit revenue growth, with potential acceleration through fiscal 2029. RBC said artificial intelligence is becoming a net demand driver, supporting expectations for stronger consulting and technology-services bookings. Accenture Sees AI as Net Demand Driver
• Positive Sentiment: Expanded alliances with Dell Technologies, Workday and Anthropic, along with the acquisition of Sagacity Solutions, reinforce Accenture’s strategy of helping enterprises deploy agentic AI, private AI infrastructure and AI-powered customer analytics. These initiatives could increase demand for consulting, implementation and managed services. Accenture AI Deals and Dividend Hike
• Positive Sentiment: Accenture raised its quarterly dividend to $1.71 per share from $1.63, equivalent to an annualized $6.84 payout and an approximately 3.2% yield. The company also has an authorized $2 billion share-repurchase program, improving shareholder returns and signaling confidence in the valuation.
• Positive Sentiment: The company’s latest quarterly results exceeded estimates, with earnings of $3.29 per share and revenue of $18.68 billion, up 6.2% year over year. Strong cash flow, bookings and a relatively modest valuation remain additional supports for the stock.
• Neutral Sentiment: Susquehanna raised its price target to $230 from $210 but kept a neutral rating. TD Cowen also lifted its target, to $201 from $193, while retaining a hold rating. The mixed recommendations suggest analysts see improved prospects but limited near-term upside after the rally. Accenture Trending Stock Analysis
• Negative Sentiment: Investors remain concerned that cautious client spending, pricing pressure, acquisition dependence and execution risk could limit growth. Some commentary also argues that the recent rally has outpaced Accenture’s underlying fundamentals.
• Negative Sentiment: COO Catherine Hogan sold 700 shares under a pre-arranged Rule 10b5-1 plan. The transaction was relatively small and planned in advance, but it may modestly weigh on sentiment. Accenture Insider Transaction

Insider Activity at Accenture

In other news, General Counsel Joel Unruch sold 10,498 shares of Accenture stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total value of $1,710,964.04. Following the completion of the sale, the general counsel directly owned 17,735 shares in the company, valued at approximately $2,890,450.30. The trade was a 37.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Catherine Hogan sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $200.00, for a total value of $264,000.00. Following the completion of the sale, the chief operating officer owned 12,556 shares of the company’s stock, valued at approximately $2,511,200. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,518 shares of company stock worth $2,124,932 over the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 4.6%

ACN stock opened at $224.84 on Friday. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09. The company has a market capitalization of $150.15 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. The company’s 50-day simple moving average is $188.31 and its 200 day simple moving average is $174.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.43.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.11. The business had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $18.03 billion. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, sell-side analysts anticipate that Accenture PLC will post 14.68 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be issued a dividend of $1.71 per share. This is a boost from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, October 13th. Accenture’s payout ratio is 50.44%.

Accenture declared that its Board of Directors has approved a share buyback program on Tuesday, June 23rd that authorizes the company to buy back $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Accenture Company Profile

Accenture plc (NYSE: ACN) is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.

The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.