Key Points
- Accenture CEO Atsushi Egawa sold 10,000 shares for $2.7 million at $270 per share, reducing his position by 62.5% to 5,996 shares.
- The sale was made under a pre-arranged Rule 10b5-1 trading plan, so it is not necessarily a signal about the company’s near-term outlook.
- Accenture reported quarterly earnings and revenue above analyst expectations and raised its quarterly dividend to $1.71 per share.
Accenture PLC (NYSE:ACN - Get Free Report) CEO Atsushi Egawa sold 10,000 shares of Accenture stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the sale, the chief executive officer owned 5,996 shares of the company's stock, valued at $1,618,920. The trade was a 62.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Accenture Price Performance
Accenture stock opened at $266.18 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $157.32 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. The firm has a 50-day moving average of $208.88 and a two-hundred day moving average of $191.97. 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 issued its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the company posted $3.03 earnings per share. The company's quarterly revenue was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. On average, research analysts forecast that Accenture PLC will post 14.68 earnings per share for the current year.
Accenture Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 2.6%. This is an increase from Accenture's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, October 13th. Accenture's payout ratio is currently 50.44%.
Hedge Funds Weigh In On Accenture
Hedge funds and other institutional investors have recently modified their holdings of the business. Regent Peak Wealth Advisors LLC increased its holdings in shares of Accenture by 10.4% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider's stock valued at $9,232,000 after acquiring an additional 7,018 shares during the period. Carnegie Investment Counsel raised its position in shares of Accenture by 63.5% in the 3rd quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider's stock worth $4,871,000 after acquiring an additional 10,322 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Accenture by 72.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider's stock worth $2,421,000 after acquiring an additional 8,169 shares in the last quarter. Dearborn Partners LLC purchased a new stake in shares of Accenture during the 2nd quarter worth $25,108,000. Finally, Bright Rock Capital Management LLC purchased a new stake in shares of Accenture during the 2nd quarter worth $7,466,000. 75.14% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Guggenheim reaffirmed a "neutral" rating on shares of Accenture in a research report on Friday, October 2nd. Evercore set a $250.00 price target on Accenture and gave the stock an "outperform" rating in a research report on Thursday, October 1st. Mizuho raised their price target on Accenture from $226.00 to $241.00 and gave the company an "outperform" rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. raised their price target on Accenture from $179.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, September 25th. Finally, Stifel Nicolaus set a $242.00 price objective on Accenture in a report on Thursday, October 15th. Ten research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $221.07.
Check Out Our Latest Research Report on ACN
Key Stories Impacting Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture and Mondelēz International are partnering to redesign Mondelēz’s global order-to-cash process with agentic AI. The work will target ordering, invoicing and collections, with potential to improve working-capital management and cash-application accuracy. The announcement provides a customer example of Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
- Positive Sentiment: Recent coverage points to Accenture’s strong relative performance following solid quarterly results; analysts have also raised price targets. This supports the positive momentum narrative, although one reported target of $252 is below the level reflected in the supplied trading background. Analysts lift Accenture’s price targets
- Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his holdings by about 62.5%. The sale was executed under a pre-arranged Rule 10b5-1 plan, which makes it less clearly a signal about the company’s near-term outlook. SEC insider transaction filing
Accenture Company Profile
(
Get Free Report)
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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