Bank of America 13F: Adds $18M to Accenture (ACN) Stake
Bank of America added 143,483 shares of Accenture plc during the period, lifting its total investment.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America added 143,483 shares to its stake in Accenture plc ($ACN), a 2.25% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 6,531,231 shares worth $802.95 million at the end of the quarter.
Since the filing, $ACN is down 0.3% after 1 week, down 12.1% after 1 month and up 32.0% to date (from the $174.04 close on May 18, 2026).
ACN
Accenture plc
Key Points
- Bank of America increased its holdings in Accenture plc ACN by 2.2% during the reporting period.
- The financial institution added 143,483 shares, bringing its total ownership to 6,531,231 shares valued at roughly $802.9 million.
- Several Wall Street firms recently updated their targets for the IT services provider, which trades with a P/E ratio of 16.6.
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Bank of America Boosts Accenture plc Holdings
Bank of America raised its stake in Accenture plc NYSE:ACN during the period covered by its latest Form 13F filing with the SEC. The bank bought 143,483 more shares of the technology services provider, growing its holdings by a 2.2% margin.
Position Details in Accenture plc
Before the adjustment, Bank of America held 6,387,748 shares of Accenture plc. The added shares brought its total stake to 6,531,231 shares. Based on the reporting period details, that position carried a value of approximately $802.9 million.
Accenture plc Stock Context
Accenture plc shares trade near the $122.94 mark, sitting below its 50-day moving average of $188.01 and its 200-day moving average of $193.06. The company has a market capitalization of roughly $137.64 billion and a P/E ratio of 16.6. Its 52-week trading range spans from a low of $118.15 to a high of $291.09.
Recent Earnings
Accenture plc reported annual revenue of $74.18 billion with a revenue growth rate of 6.2%. The firm recorded earnings of $13.56 per share, alongside a net margin of 11.3% and a return on equity of 26.0%. The company's next earnings report is scheduled for December 17, 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 plc pays an annual dividend with a dividend yield of 3.04% and a dividend payout ratio of 50.9%.
Analysts Set New Price Targets
Wall Street firms have kept a close eye on the consulting firm with several updates to ratings and price targets. On October 15, 2026, TD Cowen maintained its hold rating and raised its price target to $201.0 from $193.0. On the same day, Susquehanna maintained its neutral rating and moved its target up to $230.0 from $210.0. Mizuho maintained an outperform rating on October 6, 2026, with a target of $241.0. Goldman Sachs maintained a buy rating on October 2, 2026, with a $260.0 target, while Truist Securities kept a hold rating and lifted its target to $220.0. Wells Fargo maintained an equal-weight rating at a $210.0 target on October 2, 2026, and RBC Capital kept an outperform rating with a $240.0 target.
About Accenture plc
Accenture plc operates as a global professional services firm offering strategy, consulting, digital, technology, and operations services. The company helps enterprise clients across multiple industries integrate cloud computing, artificial intelligence, and digital security solutions into their operations.
What's Ahead for Accenture plc
Institutional holdings reported via 13F filings offer a backward-looking view of portfolio adjustments and may not reflect current positions. Investors tracking Accenture plc will likely look toward the upcoming earnings release in December for further insight into the tech services sector.
Related Filing Alerts
Source: Bank of America's 13F filing on $ACN (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts