CW Advisors LLC Has $19.77 Million Stock Holdings in Accenture PLC $ACN

Key Points

• CW Advisors LLC increased its holdings in Accenture PLC by 26.0%, owning 63,404 shares valued at approximately $19.77 million after purchasing an additional 13,072 shares in the first quarter.
• Accenture's recent quarterly earnings report showed an EPS of $3.49, exceeding analysts' expectations, with revenues of $17.73 billion, up 7.7% year-over-year.
• The company recently declared a quarterly dividend of $1.48 per share, resulting in a 2.3% yield based on an annualized dividend of $5.92.

CW Advisors LLC lifted its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 26.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,404 shares of the information technology services provider's stock after purchasing an additional 13,072 shares during the period. CW Advisors LLC's holdings in Accenture were worth $19,772,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in Accenture in the fourth quarter worth $30,000. Park Square Financial Group LLC acquired a new stake in Accenture in the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Accenture in the fourth quarter worth $34,000. Inlight Wealth Management LLC bought a new stake in shares of Accenture during the first quarter worth $32,000. Finally, Navigoe LLC bought a new stake in shares of Accenture during the fourth quarter worth $37,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Price Performance

Shares of NYSE:ACN traded up $4.9040 during midday trading on Friday, hitting $258.8940. The stock had a trading volume of 3,102,553 shares, compared to its average volume of 4,885,374. The company has a market capitalization of $162.15 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $277.65 and its 200-day moving average price is $306.53. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week high of $398.35.

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

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 10th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 10th. Accenture's payout ratio is presently 47.13%.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $57,315.02. Following the transaction, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last ninety days. 0.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Guggenheim cut their price target on shares of Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Accenture in a research note on Thursday, July 17th. They set a "hold" rating and a $290.00 target price for the company. Argus set a $370.00 target price on shares of Accenture in a research note on Tuesday, June 24th. HSBC started coverage on shares of Accenture in a research note on Monday, July 28th. They set a "reduce" rating and a $240.00 target price for the company. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.08.

Accenture 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.