Sequoia Financial Advisors LLC Has $32.49 Million Stock Position in Accenture PLC $ACN
by Scott Moore · The Cerbat GemSequoia Financial Advisors LLC raised its stake in Accenture PLC (NYSE:ACN – Free Report) by 15.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,843 shares of the information technology services provider’s stock after buying an additional 22,359 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Accenture were worth $32,488,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Accenture by 1.3% during the fourth 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 last quarter. State Street Corp raised its stake in shares of Accenture by 0.5% during 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 purchasing an additional 129,610 shares in the last quarter. Capital International Investors boosted its holdings in shares of 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 valued at $4,687,867,000 after buying an additional 343,420 shares during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 218,719 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Accenture by 5.4% during 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 in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on ACN. Weiss Ratings cut Accenture from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. DA Davidson reduced their target price on Accenture from $275.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Dbs Bank lowered Accenture from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 23rd. HSBC dropped their price target on Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Accenture in a research report on Monday, June 22nd. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Accenture currently has a consensus rating of “Hold” and a consensus target price of $193.19.
Check Out Our Latest Stock Analysis on Accenture
Insider Activity at Accenture
In other news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company’s stock.
Accenture Price Performance
ACN stock traded down $3.87 during mid-day trading on Friday, hitting $135.19. The stock had a trading volume of 7,631,871 shares, compared to its average volume of 12,515,054. The firm has a fifty day simple moving average of $160.28 and a 200 day simple moving average of $203.94. The firm has a market capitalization of $90.28 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.38 and a beta of 1.13. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09.
Accenture (NYSE:ACN – Get Free Report) last posted its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.10. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business had revenue of $18.72 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same quarter last year, the business posted $3.49 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts forecast that Accenture PLC will post 13.85 EPS for the current year.
Accenture Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 4.8%. Accenture’s payout ratio is presently 52.08%.
Accenture announced that its board has authorized a share repurchase program on Tuesday, June 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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.
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