Sweet Julie Spellman purchased $3.0M of ACN

Accenture's Federal Services secured a $151.46M contract for missile engineering services under the Alliant 2 contract. The task order includes engineering, development, security, and operations, with a ceiling value.

Accenture's contract for Employment Insurance modernization grew from $94M to $328M in 16 months, according to ESDC. The overall program's spending authority is now $6.6B. Deloitte's contract for the same program also saw increases. The project is expected to fully migrate Employment Insurance by 2028.

Wells Fargo maintained an Equal-Weight rating on Accenture (ACN) but raised its price target to $252.00 from $210.00, indicating a 20% increase in expectations. According to GuruFocus, ACN is 29.1% undervalued with a GF Value™ of $351.64. The company has a GF Score™ of 92/100, showing strong performance in profitability and growth. Insider selling totaled $3,770,485 over the last three months.

The Department of Veterans Affairs made a $151M payment to Accenture Federal Services LLC for electronic health record modernization support. Accenture (ACN) has received $3.7B in government contracts over the past year, including $260M for this project. Insiders and members of Congress have recently traded ACN shares, with notable hedge fund activity also reported.

Accenture is considering selling its Greater China business, valued at up to $1.5 billion, and has hired JPMorgan for strategic review. The unit employs 17,000 people and serves mainland China, Hong Kong, and Taiwan. Potential buyers include private equity groups and strategic buyers, but no deal is guaranteed. Accenture may retain a minority stake. The sale could fund future acquisitions, with $5 billion allocated for the next year, focusing on data, AI, cybersecurity, and mid-market business.

Accenture (ACN), Hasbro (HAS), and MSCI (MSCI) reported strong Q3 earnings, driving their shares higher. ACN revenue rose 6% YoY to $18.7B, exceeding guidance. HAS revenue increased 15% YoY to $1.6B, with Magic: The Gathering sales surpassing $600M. MSCI reported 14% YoY earnings growth to $5.11 per share, with record asset-based fees.