Aviso Financial Inc. Increases Stake in Accenture PLC $ACN

Key Points

• Aviso Financial Inc. increased its holdings in Accenture by 9.2% in the first quarter, owning 17,529 shares valued at approximately $5.47 million.
• Accenture reported a quarterly earnings per share (EPS) of $3.49, exceeding analysts' expectations, and achieved revenue of $17.73 billion, representing a 7.7% increase year-over-year.
• The company's recent quarterly dividend was set at $1.48 per share, providing a dividend yield of 2.4% and marking a dividend payout ratio of 47.13%.

Aviso Financial Inc. boosted its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,529 shares of the information technology services provider's stock after acquiring an additional 1,470 shares during the period. Aviso Financial Inc.'s holdings in Accenture were worth $5,470,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Accenture in the 4th quarter worth approximately $30,000. Park Square Financial Group LLC purchased a new position in Accenture in the fourth quarter worth $31,000. Inlight Wealth Management LLC purchased a new position in Accenture in the first quarter worth $32,000. Capital A Wealth Management LLC purchased a new position in Accenture in the fourth quarter worth $34,000. Finally, Navigoe LLC purchased a new position in Accenture in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

ACN has been the subject of a number of research reports. Barclays cut their price objective on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. BMO Capital Markets cut their price objective on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research note on Monday, June 23rd. Morgan Stanley cut their price objective on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 24th. Argus set a $370.00 price objective on shares of Accenture in a research note on Tuesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Accenture in a research report on Thursday, July 17th. They set a "hold" rating and a $290.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $358.08.

Accenture Trading Up 1.9%

NYSE ACN traded up $4.9040 during trading on Friday, hitting $258.8940. The company had a trading volume of 3,102,553 shares, compared to its average volume of 4,885,374. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. The company has a market cap of $162.15 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The company's fifty day moving average is $277.65 and its 200-day moving average is $307.16.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. Accenture's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 10th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, July 10th. Accenture's dividend payout ratio (DPR) is presently 47.13%.

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.