Accenture PLC $ACN Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its holdings in shares of Accenture PLC (NYSE:ACN) by 125.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,727 shares of the information technology services provider’s stock after buying an additional 7,092 shares during the period. Frank Rimerman Advisors LLC’s holdings in Accenture were worth $2,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACN. Bank of America Corp DE increased its stake in shares of Accenture by 2.2% in the 1st quarter. Bank of America Corp DE now owns 6,531,231 shares of the information technology services provider’s stock worth $1,295,078,000 after acquiring an additional 143,483 shares in the last quarter. First Trust Advisors LP boosted its stake in Accenture by 120.0% during the first quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock worth $690,475,000 after acquiring an additional 1,899,305 shares in the last quarter. Flossbach Von Storch SE bought a new stake in Accenture during the second quarter worth about $309,873,000. Pzena Investment Management LLC grew its holdings in Accenture by 84.0% in the first quarter. Pzena Investment Management LLC now owns 2,405,683 shares of the information technology services provider’s stock worth $477,023,000 after purchasing an additional 1,097,961 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Accenture by 24.3% in the first quarter. The Manufacturers Life Insurance Company now owns 2,384,954 shares of the information technology services provider’s stock worth $472,913,000 after purchasing an additional 466,452 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Accenture from $179.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Accenture from $136.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, September 18th. Mizuho upped their price target on Accenture from $226.00 to $241.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. Jefferies Financial Group set a $220.00 price target on Accenture in a research note on Friday, October 2nd. Finally, Argus raised their price objective on Accenture from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Accenture currently has an average rating of “Hold” and a consensus price target of $219.26.

Accenture Stock Performance

Shares of Accenture stock opened at $229.63 on Friday. The stock has a market cap of $153.35 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.89 and a beta of 1.11. The firm’s 50-day moving average is $189.39 and its 200 day moving average is $174.54. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.34.

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

Accenture declared that its board has authorized a stock buyback program on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be paid a $1.71 dividend. 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 is Tuesday, October 13th. Accenture’s payout ratio is currently 50.44%.

Insider Activity at Accenture

In other news, General Counsel Joel Unruch sold 10,498 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the sale, the general counsel owned 17,735 shares in the company, valued at $2,890,450.30. This represents a 37.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $200.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief operating officer owned 12,556 shares of the company’s stock, valued at approximately $2,511,200. The trade was 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. In the last quarter, insiders sold 12,518 shares of company stock worth $2,124,932. Insiders own 0.02% of the company’s stock.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture outlined a three-year plan targeting at least mid-single-digit revenue growth, with AI expected to become a net demand driver as clients move from pilot projects to broader implementation. The company highlighted AI-related work with UMass Memorial Health and expanded partnerships with Dell, Microsoft and Workday. Accenture Sees AI as Net Demand Driver
• Positive Sentiment: Accenture plans approximately $8 billion in fiscal 2027 acquisitions to expand cybersecurity capabilities, industry expertise and other growth areas. Investors may view the spending as a catalyst for revenue growth and deeper AI offerings, although successful integration will be important. Accenture’s $8B Acquisition Push
• Positive Sentiment: Several analysts raised their price targets after the investor day, citing Accenture’s AI opportunity and multi-year growth framework. Susquehanna increased its target to $230, while TD Cowen raised its target to $201, though both maintained non-bullish ratings. Analysts Raise Price Targets
• Neutral Sentiment: Wells Fargo maintained a Hold rating, reflecting investor debate over whether AI-driven growth can offset slower consulting demand and execution risks. BNP Paribas similarly said Accenture’s positive tailwinds have not yet fully overcome existing headwinds. Accenture Tailwinds and Headwinds
• Negative Sentiment: Accenture reportedly capped employees’ monthly Claude spending at $29 after some users spent as much as $1,000. The move may signal tighter control of internal AI costs and raises questions about how aggressively the company is using AI internally, despite marketing AI transformation to clients. Accenture Caps Claude Spending

About Accenture

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.