Lido Advisors Reduces $4M in Accenture plc ($ACN)
Lido Advisors reduced its position in Accenture by 26,695 shares, now holding 55,544 shares.
Key Points
- Lido Advisors cut its stake in Accenture (NYSE:ACN) by 26,695 shares, reducing its holdings by 32% to 55,544 shares, valued at $9.3 million.
- Accenture's stock trades near $167.52 with a market cap of $104.8 billion and a P/E ratio of 14. The company is set to report earnings on June 18, 2026.
- Recent analyst ratings maintained a 'buy' consensus with price targets ranging from $195 to $280, while insiders made several small stock purchases.
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Lido Advisors recently filed its latest 13F with the SEC, showing a significant reduction in its holdings of Accenture plc (NYSE:ACN). The firm cut its stake by 26,695 shares, or 32%, leaving it with 55,544 shares valued at approximately $9.3 million as of the end of the reporting period.
What Changed in Lido Advisors' Accenture Position
Lido Advisors trimmed its investment in Accenture, reducing its holdings from 82,239 shares to 55,544 shares. This move represents a 32% decrease in its position. The shares were valued at about $9.3 million, reflecting a strategic adjustment in the firm's portfolio.
Other Institutional Activity in Accenture
Several other major institutional investors adjusted their stakes in Accenture. BlackRock, Inc. increased its holdings by 1,069,810 shares, reaching a total of 57,140,737 shares valued at $11.3 billion. Vanguard Capital Management LLC now holds 39,983,869 shares worth approximately $7.9 billion after a significant addition. State Street Corp added 546,156 shares, ending with 28,810,831 shares valued at $5.7 billion. Charles Schwab Investment Management Inc made a notable increase, adding 14,072,672 shares, bringing its total to 19,500,578 shares worth around $3.9 billion.
Accenture plc Stock Down 17.6%
Shares of Accenture (NYSE:ACN) are trading near $167.52. The company boasts a market cap of $104.8 billion and a P/E ratio of 14. Accenture's stock has seen a 52-week low of $155.82 and a high of $317.31. Its 50-day moving average is $181.87, while the 200-day moving average is $228.61. The company's beta is 1.069, indicating a moderate level of market volatility.
$ACN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Accenture reported revenue of $72.1 billion, with a revenue growth rate of 8.3%. The company achieved an EPS of $12.2, a net margin of 10.6%, and a return on equity of 24.8%. The next earnings announcement is scheduled for June 18, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 analysts cut price targets. 0 raised targets after the report.
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EPS & revenue
EPS beat estimates by 1.4%. Revenue missed estimates by 1.1%.
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Profit surprise
EBITDA came in 17% below estimates. Operating income met estimates.
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Pre-earnings setup
Expectations were about average going in.
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Analyst signal
2 analyst downgrades after the report. 8 price target cuts after the report.
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Earnings quality
Free cash flow was positive.
Earnings Call Summary
Accenture delivered a strong quarter with $18.7 billion in revenue, up four percent year over year, and record bookings of $22.1 billion. The company now has 85,000 artificial intelligence and data professionals, exceeding its goal. Management highlighted major demand from clients across artificial intelligence transformation, cybersecurity, and core business process modernization, with significant momentum in large enterprise programs and growing opportunities in emerging markets.
Guidance Accenture raised full year guidance and now expects between $127.25 billion and $128.75 billion in revenue for fiscal 2026. They also increased earnings per share guidance to between $13.65 and $13.90. Management expects three percent to five percent revenue growth, with free cash flow expected to reach $10.8 billion to $11.5 billion, and plans to deploy about $5 billion in acquisitions.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Accenture pays an annual dividend rate of $6.52, yielding 3.89%. The dividend payout ratio stands at 50.98%, providing a steady income stream for investors.
Insider Buying and Selling at Accenture plc
Several insiders at Accenture made stock purchases on June 5, 2026. John Walsh, CEO-The Americas, and Joel Unruch, General Counsel/Corp Secretary, each bought 153 shares at an average price of $179.76. Melissa Burgum, Chief Accounting Officer, acquired 112 shares, while Katherine Lee Clifford, Chief Leadership & HR Officer, purchased 98 shares. Julie Spellman Sweet, Chair and CEO, bought 216 shares, and Manish Sharma, Chief Strategy & Services Officer, added 102 shares. These transactions were not part of a planned trading program.
Analysts Set New Price Targets
On June 8, 2026, JP Morgan maintained its 'buy' rating for Accenture with a price target of $201. TD Cowen also reiterated a 'buy' rating, setting a target of $258. Wells Fargo maintained its 'buy' stance with a $248 target on June 4, 2026. Goldman Sachs and Stifel both set a target of $270 on June 3, 2026. Citigroup, however, maintained a 'hold' rating with a $195 target on June 1, 2026. Overall, the consensus among 26 analysts is a 'buy' with a mean target price of $236.86.
About Accenture
Accenture plc is a global technology and consulting company headquartered in Dublin, Ireland. It offers a wide range of services, including strategy and consulting, digital transformation, and technology operations. With approximately 786,000 employees, Accenture serves various sectors such as communications, financial services, health, and public service. The company is led by CEO Julie T. Spellman Sweet.
Bottom Line
Lido Advisors' decision to reduce its stake in Accenture highlights a strategic portfolio shift. Accenture remains a key player in the technology sector, with strong earnings and a robust dividend yield. Investors keep a close watch on 13F filings for insights into institutional sentiment, though these filings reflect past positions.
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