What's Going On With Accenture Stock Today?

Accenture plc ACN shares are trading relatively flat on Friday.

The tech behemoth reportedly announced it will be scrapping its global diversity and inclusion goals, marking a significant shift in its policies.

CEO Julie Sweet informed staff in a memo that the company will begin “sunsetting” its diversity goals set in 2017, along with career development programs aimed at specific demographic groups, Financial Times reports.

This move follows an evaluation of the company’s internal policies in light of the evolving political climate in the U.S., including recent Executive Orders that Accenture must comply with.

Accrding to the report, Accenture joins other major corporations, including Meta Platforms, Inc., McDonald’s Corporation, and Target Corporation, in reevaluating or abandoning their D&I targets since the election of former President Donald Trump.

Also Read: Applovin Emerges As Nasdaq 100’s Dark Horse In A Market Fixated On Nvidia, Tesla, Palantir

This change in direction has sparked conversations about corporate culture, especially in light of remarks made by Meta CEO Mark Zuckerberg. In a recent podcast appearance on The Joe Rogan Experience, Zuckerberg expressed concerns about corporate environments distancing themselves from “masculine energy,” stressing the importance of creating workplaces where both women and men can thrive.

In addition to this shift in diversity policy, Accenture has announced its acquisition of Staufen AG, a German management consulting firm specializing in manufacturing and supply chains.

The deal will expand Accenture’s capabilities, particularly for clients in industries such as automotive, aerospace, and medical equipment, allowing the company to drive operational excellence and improve competitiveness in discrete manufacturing sectors.

According to Benzinga Pro, ACN stock has gained 6% in the past year. Investors can gain exposure to the stock via Trust for Professional Managers Jensen Quality Growth ETF JGRW.

Price Action: ACN shares are trading lower by 0.19% to $386.60 at last check Friday.

Read Also: