Rep. Dan Newhouse Buys Accenture PLC (NYSE:ACN) Stock

Key Points

• Rep. Dan Newhouse disclosed buying Accenture stock worth between $1,001 and $15,000 on July 10 in his Edward Jones IRA, according to a July 17 filing.
• Accenture reported better-than-expected quarterly earnings of $3.80 per share, though revenue came in slightly below estimates. The company also raised its FY 2026 EPS guidance to 13.780-13.900.
• The company announced a $2 billion share repurchase program and a quarterly dividend of $1.63 per share, equal to a 4.5% annualized yield. Analyst sentiment remains cautious overall, with a consensus rating of Hold.

Representative Dan Newhouse (Republican-Washington) recently bought shares of Accenture PLC NYSE: ACN. In a filing disclosed on July 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Accenture stock on July 10th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Costco Wholesale NASDAQ: COST on 7/10/2026.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Deere & Company NYSE: DE on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/10/2026.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Hershey NYSE: HSY on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Duke Energy NYSE: DUK on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Fortinet NASDAQ: FTNT on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Magna International NYSE: MGA on 7/10/2026.

Accenture Stock Up 0.7%

Accenture stock opened at $144.63 on Tuesday. 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 1-year low of $118.15 and a 1-year high of $291.09. The company has a fifty day simple moving average of $155.82 and a 200 day simple moving average of $197.97. The company has a market cap of $96.58 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.49 and a beta of 1.13.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.10. The company had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Research analysts anticipate that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a dividend of $1.63 per share. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 4.5%. Accenture's dividend payout ratio is presently 52.08%.

Accenture declared that its board has authorized a share repurchase plan on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the 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 in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore set a $180.00 target price on Accenture in a report on Thursday, June 18th. Citigroup lowered their price target on Accenture from $215.00 to $195.00 and set a "neutral" rating on the stock in a research report on Monday, June 1st. TD Cowen downgraded Accenture from a "buy" rating to a "hold" rating and cut their price objective for the company from $258.00 to $150.00 in a report on Monday, June 22nd. Jefferies Financial Group decreased their target price on shares of Accenture from $210.00 to $185.00 and set a "hold" rating for the company in a research note on Monday, June 15th. Finally, Berenberg Bank dropped their price target on shares of Accenture from $273.00 to $220.00 and set a "buy" rating on the stock in a research report on Wednesday, June 17th. Twelve analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $192.96.

Institutional Trading of Accenture

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in Accenture during the fourth quarter worth $2,146,995,000. First Trust Advisors LP boosted its holdings in shares of Accenture by 120.0% during 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 buying an additional 1,899,305 shares during the period. Voloridge Investment Management LLC acquired a new position in Accenture in the 3rd quarter valued at about $311,694,000. Franklin Resources Inc. raised its holdings in Accenture by 15.9% in the 4th quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider's stock valued at $2,192,907,000 after acquiring an additional 1,122,855 shares during the period. Finally, Pzena Investment Management LLC lifted its position in Accenture by 84.0% during the first quarter. Pzena Investment Management LLC now owns 2,405,683 shares of the information technology services provider's stock worth $477,023,000 after acquiring an additional 1,097,961 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.