BI Asset Management Fondsmaeglerselskab A S Acquires 96,229 Shares of Accenture PLC $ACN

Key Points

• BI Asset Management increased its stake in Accenture by 347.2% in Q1, buying 96,229 additional shares and bringing its total position to 123,948 shares worth about $24.6 million.
• Accenture reported better-than-expected quarterly EPS of $3.80 and 5.6% revenue growth year over year, though revenue still came in slightly below consensus estimates and management has cut its outlook.
• The company declared a quarterly dividend of $1.63 per share and continues to draw mixed analyst sentiment, with several firms cutting price targets while the overall Street view remains Moderate Buy.

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 347.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,948 shares of the information technology services provider's stock after purchasing an additional 96,229 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Accenture were worth $24,578,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ACN. Jaffetilchin Investment Partners LLC increased its position in Accenture by 4.2% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider's stock valued at $236,000 after buying an additional 35 shares in the last quarter. Clayton Financial Group LLC boosted its holdings in Accenture by 13.1% in the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider's stock worth $88,000 after acquiring an additional 38 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in shares of Accenture by 0.9% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider's stock worth $1,089,000 after acquiring an additional 41 shares during the last quarter. Peak Asset Management LLC increased its holdings in shares of Accenture by 0.8% during the fourth quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider's stock valued at $1,461,000 after acquiring an additional 43 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of Accenture by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider's stock worth $1,108,000 after purchasing an additional 43 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was 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. Corporate insiders own 0.02% of the company's stock.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture beat quarterly EPS expectations and reported 5.6% year-over-year revenue growth, showing the business is still growing despite a tougher backdrop.
• Positive Sentiment: The company announced a quarterly dividend of $1.63 per share, which may appeal to income-focused investors and signals ongoing cash-return capacity.
• Positive Sentiment: Accenture is expanding its cybersecurity push with acquisitions and investments aimed at critical infrastructure defense, which could support longer-term growth in a high-demand area. Accenture to Strengthen Critical Infrastructure Defense with End-to-End Cybersecurity Platform in Age of AI-Driven Cyber Threats and Geopolitical Risk
• Neutral Sentiment: Analysts at Wells Fargo, Goldman Sachs, and BNP Paribas lowered price targets, but many still see upside from current levels; ratings were mostly maintained at neutral or equivalent.
• Neutral Sentiment: Commentary around Accenture drawing fresh S&P 500 attention suggests investors are reassessing whether the selloff has become excessive relative to fundamentals. Why Accenture NYSE: ACN Is Drawing Fresh S&P 500 Attention?
• Negative Sentiment: Management’s reduced revenue outlook is the main catalyst behind the stock’s sharp decline, as it points to weaker client spending and slower growth ahead.
• Negative Sentiment: The company’s large cybersecurity acquisition plans are also raising questions about integration risk and capital allocation during a period of slowing growth.
• Negative Sentiment: Multiple headlines say the weak outlook has sparked a broad selloff in IT shares globally, reinforcing the market’s negative reaction to Accenture’s guidance cut. Indian IT stocks slump up to 7% as Accenture cuts revenue outlook, fueling fresh concerns over sector growth

Accenture Price Performance

Shares of NYSE:ACN opened at $126.75 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $84.34 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The business has a 50-day simple moving average of $176.76 and a two-hundred day simple moving average of $218.35. Accenture PLC has a fifty-two week low of $125.60 and a fifty-two week high of $307.77.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly 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. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The firm had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same quarter last year, the firm posted $3.49 EPS. The business's quarterly revenue 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 expect that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture's payout ratio is 52.08%.

Wall Street Analyst Weigh In

ACN has been the topic of several recent analyst reports. BMO Capital Markets reissued a "market perform" rating and set a $150.00 price objective on shares of Accenture in a research report on Friday. Citigroup decreased their target price on shares of Accenture from $215.00 to $195.00 and set a "neutral" rating for the company in a report on Monday, June 1st. Mizuho dropped their target price on shares of Accenture from $309.00 to $280.00 and set an "outperform" rating on the stock in a research note on Monday, March 23rd. Berenberg Bank set a $220.00 price target on shares of Accenture in a research report on Wednesday. Finally, HSBC decreased their price objective on shares of Accenture from $220.00 to $210.00 and set a "hold" rating for the company in a report on Tuesday, April 14th. Fifteen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $226.19.

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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