Accenture PLC $ACN Stock Position Lifted by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC increased its Accenture stake by 125.9% in the third quarter, bringing its holdings to 12,727 shares valued at approximately $2.33 million. Institutional investors collectively own 75.14% of the company.
• Accenture exceeded quarterly expectations with $3.29 in EPS and $18.68 billion in revenue, up 6.2% year over year. The company also authorized a $2 billion stock buyback and raised its quarterly dividend to $1.71 per share.
• Analyst sentiment remains mixed: the consensus rating is Hold with a $219.26 price target, as optimism over AI-driven growth and planned acquisitions is balanced by concerns about consulting demand and execution risks.

Frank Rimerman Advisors LLC increased its position in Accenture PLC (NYSE:ACN - Free Report) by 125.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,727 shares of the information technology services provider's stock after buying an additional 7,092 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Accenture were worth $2,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. Bank of America Corp DE boosted its position in Accenture by 2.2% during the 1st quarter. Bank of America Corp DE now owns 6,531,231 shares of the information technology services provider's stock valued at $1,295,078,000 after buying an additional 143,483 shares during the period. First Trust Advisors LP grew its holdings in Accenture by 120.0% in the 1st 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 during the last quarter. Pzena Investment Management LLC increased its position in shares of 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 valued at $477,023,000 after acquiring an additional 1,097,961 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of 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 valued at $472,913,000 after acquiring an additional 466,452 shares during the period. Finally, Artemis Investment Management LLP increased its position in shares of Accenture by 67.6% in the third quarter. Artemis Investment Management LLP now owns 2,196,789 shares of the information technology services provider's stock valued at $402,825,000 after acquiring an additional 885,687 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

NYSE:ACN opened at $229.63 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm's fifty day simple moving average is $189.39 and its 200 day simple moving average is $174.54. The stock has a market cap of $153.35 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11. Accenture PLC has a twelve month low of $118.15 and a twelve month high of $291.09.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same period in the prior year, the business earned $3.03 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, research analysts predict that Accenture PLC will post 14.68 EPS for the current year.

Accenture announced that its board has authorized a stock buyback plan on Tuesday, June 23rd that permits the company to buy back $2.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a dividend of $1.71 per share. This is an increase 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 dividend payout ratio is presently 50.44%.

Insider Activity

In related news, General Counsel Joel Unruch sold 10,498 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $162.98, for a total value of $1,710,964.04. Following the completion of the transaction, the general counsel directly owned 17,735 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Catherine Hogan sold 1,320 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer owned 12,556 shares of the company's stock, valued at $2,511,200. This trade represents 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. Insiders have sold 12,518 shares of company stock worth $2,124,932 in the last quarter. 0.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Accenture from $179.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, September 25th. Jefferies Financial Group set a $220.00 target price on Accenture in a research note on Friday, October 2nd. Argus boosted their price target on Accenture from $220.00 to $260.00 and gave the company a "buy" rating in a report on Friday, October 2nd. BMO Capital Markets set a $235.00 price target on Accenture in a research report on Friday, October 2nd. Finally, DA Davidson lowered their price target on Accenture from $275.00 to $175.00 and set a "buy" rating for the company in a research report on Tuesday, June 23rd. Eleven investment 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $219.26.

Key Headlines 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

Accenture Profile

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.

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