3,844 Shares in Accenture PLC $ACN Bought by Oslo Pensjonsforsikring AS

Oslo Pensjonsforsikring AS bought a new position in Accenture PLC (NYSE:ACN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,844 shares of the information technology services provider’s stock, valued at approximately $762,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Vanguard Group Inc. boosted its stake in Accenture by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock valued at $17,726,831,000 after purchasing an additional 854,361 shares during the period. State Street Corp increased its position in Accenture by 0.5% in the 4th quarter. State Street Corp now owns 28,264,675 shares of the information technology services provider’s stock worth $7,583,462,000 after buying an additional 129,610 shares during the period. Capital International Investors increased its position in Accenture by 2.0% in the 4th quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock worth $4,687,867,000 after buying an additional 343,420 shares during the period. Geode Capital Management LLC boosted its position in shares of Accenture by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 14,656,436 shares of the information technology services provider’s stock valued at $3,922,212,000 after acquiring an additional 218,719 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Accenture by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,693,994 shares of the information technology services provider’s stock worth $2,869,199,000 after acquiring an additional 546,198 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 2.5%

ACN opened at $141.11 on Wednesday. The company has a market capitalization of $94.23 billion, a P/E ratio of 11.27, a P/E/G ratio of 1.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The firm’s fifty day moving average price is $155.25 and its two-hundred day moving average price is $197.08. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09.

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

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s dividend payout ratio is 52.08%.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on ACN shares. Robert W. Baird set a $190.00 target price on shares of Accenture in a research note on Thursday, June 18th. Oppenheimer set a $201.00 price target on shares of Accenture in a research report on Monday, June 8th. Truist Financial cut their price objective on shares of Accenture from $210.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, June 22nd. JPMorgan Chase & Co. reduced their target price on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a research note on Monday, June 8th. Finally, William Blair downgraded Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 18th. Twelve analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Hold” and an average target price of $192.96.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the 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 transaction, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by corporate insiders.

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.