Boston Common Asset Management LLC Has $715,000 Position in Accenture PLC $ACN

Key Points

• Boston Common Asset Management cut its Accenture stake by 75% in the first quarter, selling 10,840 shares and leaving it with 3,604 shares worth about $715,000.
• Accenture reported better-than-expected earnings of $3.80 per share on revenue of $18.72 billion, and it guided FY2026 EPS to 13.78–13.90.
• The company approved a $2 billion stock buyback and declared a quarterly dividend of $1.63 per share, implying a 4.5% annualized yield.

Boston Common Asset Management LLC cut its position in Accenture PLC (NYSE:ACN - Free Report) by 75.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,604 shares of the information technology services provider's stock after selling 10,840 shares during the quarter. Boston Common Asset Management LLC's holdings in Accenture were worth $715,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ACN. Laurel Wealth Advisors LLC bought a new position in Accenture in the 4th quarter valued at approximately $27,000. McMillan Office Inc. acquired a new position in Accenture in the 4th quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in Accenture in the 4th quarter valued at approximately $27,000. Triumph Capital Management acquired a new position in shares of Accenture during the third quarter worth $26,000. Finally, Private Wealth Management Group LLC grew its stake in shares of Accenture by 96.4% in the fourth quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 53 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Performance

ACN stock opened at $143.56 on Monday. The firm has a market cap of $95.87 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.49 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. The stock has a 50-day moving average price of $156.38 and a 200-day moving average price of $198.86. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $291.09.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping the consensus estimate of $3.70 by $0.10. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business had revenue of $18.72 billion during the quarter, compared to analysts' expectations of $18.78 billion. During the same quarter last year, the firm posted $3.49 earnings per share. The firm's revenue 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, equities research analysts expect that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture declared that its Board of Directors has authorized a stock repurchase plan 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 repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 4.5%. Accenture's dividend payout ratio is 52.08%.

Insider Buying and Selling at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture 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 transaction, the chief executive officer owned 12,802 shares of the company's stock, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale 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. 0.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price objective on Accenture from $210.00 to $185.00 and set a "hold" rating for the company in a report on Monday, June 15th. Truist Financial reduced their price target on Accenture from $210.00 to $150.00 and set a "hold" rating on the stock in a research report on Monday, June 22nd. DA Davidson decreased their price target on Accenture from $275.00 to $175.00 and set a "buy" rating for the company in a research note on Tuesday, June 23rd. Evercore set a $180.00 price objective on Accenture in a research report on Thursday, June 18th. Finally, Berenberg Bank cut their price objective on Accenture from $273.00 to $220.00 and set a "buy" rating on the stock in a research note on Wednesday, June 17th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Accenture currently has an average rating of "Hold" and an average price target of $193.19.

Accenture Company 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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