Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Accenture PLC (NYSE:ACN)

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed selling Accenture shares worth between $1,001 and $15,000 on April 14, according to a filing released May 8.
• Accenture recently reported better-than-expected quarterly results, posting EPS of $2.93 versus estimates of $2.84 and revenue of $18.04 billion versus forecasts of $17.80 billion.
• The company also announced a quarterly dividend of $1.63 per share, equivalent to an annualized yield of about 3.8%.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Accenture PLC (NYSE:ACN). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Accenture stock on April 14th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Revvity NYSE: RVTY on 5/1/2026.
• Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 5/1/2026.
• Sold $1,001 - $15,000 in shares of SS&C Technologies NASDAQ: SSNC on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Wayfair NYSE: W on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of STERIS NYSE: STE on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Sensata Technologies NYSE: ST on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 5/1/2026.

Accenture Stock Performance

Shares of NYSE:ACN opened at $172.41 on Tuesday. The firm's 50 day simple moving average is $193.97 and its 200 day simple moving average is $233.54. Accenture PLC has a fifty-two week low of $172.22 and a fifty-two week high of $325.71. The company has a market capitalization of $114.73 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.09. The firm had revenue of $18.04 billion during the quarter, compared to analysts' expectations of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.82 earnings per share. As a group, sell-side analysts forecast that Accenture PLC will post 13.87 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.8%. Accenture's dividend payout ratio is 53.40%.

Institutional Trading of Accenture

Several hedge funds and other institutional investors have recently modified their holdings of ACN. Norges Bank acquired a new stake in Accenture in the 4th quarter valued at approximately $2,146,995,000. Capital International Investors grew its stake in shares of Accenture by 41.1% during the 3rd quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider's stock worth $4,223,839,000 after acquiring an additional 4,984,930 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Accenture in the third quarter valued at approximately $311,694,000. Massachusetts Financial Services Co. MA lifted its position in shares of Accenture by 12.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider's stock worth $2,502,446,000 after purchasing an additional 1,148,970 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Accenture by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider's stock worth $2,192,907,000 after purchasing an additional 1,122,855 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACN. UBS Group reissued a "buy" rating on shares of Accenture in a report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Accenture from $280.00 to $230.00 and set a "hold" rating on the stock in a report on Friday, March 6th. BMO Capital Markets lowered their price target on Accenture from $300.00 to $230.00 and set a "market perform" rating for the company in a report on Friday, March 20th. Robert W. Baird cut their price objective on Accenture from $330.00 to $265.00 and set an "outperform" rating on the stock in a report on Friday, March 20th. Finally, Citigroup decreased their price objective on Accenture from $266.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $274.50.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares of the company's stock, valued at $2,267,746.28. The trade was a 27.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.