SCS Capital Management LLC Invests $1.83 Million in Accenture PLC $ACN

Key Points

• SCS Capital Management LLC purchased 5,855 shares of Accenture PLC, valued at approximately $1.83 million, marking a new stake in the company during the first quarter.
• CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock for nearly $635,795, which represents a 21.73% decrease in her ownership.
• Accenture reported $3.49 earnings per share in its last quarter, exceeding analysts' expectations, with revenue up 7.7% year-over-year.

SCS Capital Management LLC acquired a new stake in Accenture PLC (NYSE:ACN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,855 shares of the information technology services provider's stock, valued at approximately $1,827,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Accenture by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock valued at $19,912,594,000 after purchasing an additional 3,419,577 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Accenture by 63.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Accenture by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock valued at $2,111,378,000 after purchasing an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Accenture by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider's stock valued at $1,923,225,000 after purchasing an additional 126,548 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Accenture by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,036,845 shares of the information technology services provider's stock valued at $2,123,702,000 after purchasing an additional 545,109 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Price Performance

Shares of Accenture stock traded down $5.60 during trading on Friday, hitting $238.55. 5,636,222 shares of the company were exchanged, compared to its average volume of 3,573,657. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week high of $398.35. The stock has a market capitalization of $149.41 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29. The firm has a 50 day moving average price of $263.21 and a 200 day moving average price of $293.64.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACN has been the subject of a number of research reports. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a research report on Monday, July 28th. Rothschild Redb downgraded shares of Accenture from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Argus set a $370.00 price target on shares of Accenture in a research report on Tuesday, June 24th. Barclays reduced their price target on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research report on Monday, June 23rd. Finally, Morgan Stanley reduced their price target on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $346.92.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 203 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider owned 5,249 shares of the company's stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,954 shares of company stock worth $834,280. Insiders own 0.02% of the company's stock.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.