First Horizon Corp Has $17.21 Million Holdings in Accenture PLC $ACN

First Horizon Corp increased its position in shares of Accenture PLC (NYSE:ACN) by 22.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 86,814 shares of the information technology services provider’s stock after purchasing an additional 15,770 shares during the period. First Horizon Corp’s holdings in Accenture were worth $17,214,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ACN. Triumph Capital Management bought a new position in shares of Accenture during the third quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in Accenture in the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC acquired a new position in Accenture in the 4th quarter valued at $27,000. McMillan Office Inc. bought a new position in Accenture during the 4th quarter worth $27,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Accenture in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $138.93 on Friday. The stock has a fifty day moving average of $161.18 and a 200-day moving average of $204.42. The stock has a market capitalization of $92.78 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.13. 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 52 week low of $118.15 and a 52 week high of $292.60.

Accenture (NYSE:ACN) last released its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. The firm had revenue of $18.72 billion for the quarter, compared to analysts’ expectations of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, sell-side analysts expect that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture declared that its Board of Directors has approved a share repurchase program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Accenture Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Tuesday, June 9th. Morgan Stanley cut their price target on Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a research note on Monday, June 22nd. Berenberg Bank reduced their price target on Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. JPMorgan Chase & Co. dropped their price objective on Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a report on Monday, June 8th. Finally, Stifel Nicolaus cut their target price on Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Twelve research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $193.33.

About Accenture

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.