Accenture PLC $ACN Position Trimmed by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC reduced its stake in Accenture PLC by 3.9% during Q2, bringing their total holdings to 56,127 shares valued at approximately $16.78 million.
• Accenture reported a strong Q3, with an earnings per share (EPS) of $3.49, surpassing analyst estimates, and revenue rising 7.7% year-over-year to $17.73 billion.
• Despite some analysts decreasing their target prices, the consensus rating for Accenture remains a "Moderate Buy" with an average price target of $346.92.

Parallel Advisors LLC lessened its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,127 shares of the information technology services provider's stock after selling 2,283 shares during the quarter. Parallel Advisors LLC's holdings in Accenture were worth $16,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 3,419,577 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 buying an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 buying an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 buying an additional 126,548 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 buying an additional 545,109 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Shares of NYSE ACN opened at $238.55 on Monday. The business has a fifty day simple moving average of $263.21 and a 200 day simple moving average of $292.74. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $149.41 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.05 and a beta of 1.30. Accenture PLC has a one year low of $236.67 and a one year high of $398.35.

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

Analyst Ratings Changes

Several research firms recently weighed in on ACN. UBS Group restated a "buy" rating and issued a $395.00 target price (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Mizuho set a $348.00 target price on Accenture and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Barclays reduced their target price on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Evercore ISI began coverage on Accenture in a report on Thursday, July 17th. They issued an "outperform" rating and a $330.00 target price for the company. Finally, Guggenheim reduced their target price on Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $346.92.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 203 shares of the company'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 $57,315.02. Following the sale, the insider directly owned 5,249 shares in the company, valued at $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the 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 sale, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. The trade was a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 over the last three months. Company insiders own 0.02% of the company's stock.

About Accenture

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.

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