111 Capital Cuts Stock Holdings in Accenture PLC $ACN

Key Points

• 111 Capital sharply reduced its Accenture stake in the fourth quarter, cutting holdings by 79.1% and selling 9,805 shares. The fund ended the period with 2,591 shares valued at about $695,000.
• Despite mixed analyst moves, the overall Street view remains constructive: Accenture has a consensus rating of “Moderate Buy” with an average target price of $265.54. Several firms lowered price targets recently, though some still reiterated overweight or buy ratings.
• Recent business updates were broadly positive, including Accenture’s AI-focused partnerships with AlphaSense and TEPCO Solution Advance. The company also beat fiscal Q2 earnings estimates, reporting $2.93 EPS on revenue of $18.04 billion.

111 Capital decreased its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 79.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,591 shares of the information technology services provider's stock after selling 9,805 shares during the quarter. 111 Capital's holdings in Accenture were worth $695,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund bought a new stake in Accenture in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC bought a new stake in Accenture in the 4th quarter worth approximately $27,000. Triumph Capital Management bought a new stake in Accenture in the 3rd quarter worth approximately $26,000. Private Wealth Management Group LLC lifted its position in Accenture by 96.4% in the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider's stock worth $29,000 after buying an additional 53 shares during the last quarter. Finally, Steph & Co. lifted its position in Accenture by 107.5% in the 4th quarter. Steph & Co. now owns 110 shares of the information technology services provider's stock worth $30,000 after buying an additional 57 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Morgan Stanley dropped their target price on Accenture from $320.00 to $240.00 and set an "overweight" rating for the company in a research report on Monday, March 16th. Truist Financial downgraded Accenture from a "buy" rating to a "hold" rating and lowered their price objective for the company from $260.00 to $210.00 in a research report on Monday, June 1st. Wells Fargo & Company lowered their price objective on Accenture from $275.00 to $248.00 and set an "overweight" rating for the company in a research report on Thursday. The Goldman Sachs Group lowered their price objective on Accenture from $300.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on Accenture from $243.00 to $247.00 and gave the company an "overweight" rating in a research report on Friday, March 20th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $265.54.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Zacks highlighted Accenture’s strong earnings-surprise track record and said the company has the ingredients for another beat when it next reports results, which can lift sentiment ahead of earnings. Will Accenture (ACN) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Stifel Nicolaus reiterated its Buy rating on Accenture, reinforcing the view that the stock remains attractive at current levels. Stifel Nicolaus Sticks to Its Buy Rating for Accenture (ACN)
• Positive Sentiment: Accenture announced a strategic investment and partnership with AlphaSense to bring agentic AI workflows for market intelligence to enterprises, underscoring continued momentum in AI services and enterprise transformation. Accenture and AlphaSense Announce Strategic Investment and Partnership to Bring Agentic Workflows for Market Intelligence to Enterprises
• Positive Sentiment: TEPCO Solution Advance also said it is working with Accenture to reinvent operations with AI, adding another example of new client demand tied to Accenture’s AI consulting capabilities. TEPCO Solution Advance Teams with Accenture to Reinvent Operations with AI
• Neutral Sentiment: Several recent opinion pieces argued that Accenture looks undervalued on earnings and cash flow metrics, which may help investor confidence, but these were commentary rather than new fundamentals. Accenture: A 57% Drop Meets A 12.8 P/E - The Ultimate Margin Of Safety
• Neutral Sentiment: Other analysis said AI is accelerating demand rather than disrupting Accenture’s business model, supporting the long-term bull case but not changing near-term results on its own. Accenture: AI Is Accelerating Instead Of Disrupting The Consultancy
• Negative Sentiment: At least one recent valuation update trimmed Accenture’s fair value estimate and another note pointed to softer IT spending and AI competition, reflecting lingering caution around growth and margins. How The Investment Story For Accenture (ACN) Is Shifting With AI And Softer IT Spending

Insider Activity at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the transaction, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.

Accenture Price Performance

Shares of Accenture stock opened at $178.45 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The company has a market cap of $118.75 billion, a PE ratio of 14.62, a P/E/G ratio of 1.69 and a beta of 1.08. The business has a 50 day moving average of $184.29 and a 200 day moving average of $224.34. Accenture PLC has a 52 week low of $155.82 and a 52 week high of $321.77.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.09. The company had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. As a group, equities research analysts forecast that Accenture PLC will post 13.88 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, April 9th. Accenture's dividend payout ratio is currently 53.40%.

Accenture Profile

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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