Amundi Has $1.10 Billion Holdings in Accenture PLC $ACN

Key Points

• Amundi reduced its stake in Accenture PLC by 4.2%, selling 158,671 shares, leaving it with approximately $1.1 billion in holdings.
• Insider transactions included CEO Mauro Macchi selling 500 shares, representing a 17.97% decrease in his stake in the company.
• Accenture reported stronger-than-expected earnings of $3.49 per share, exceeding analyst estimates and reflecting a 7.7% revenue increase year-over-year.

Amundi lowered its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,631,398 shares of the information technology services provider's stock after selling 158,671 shares during the quarter. Amundi owned about 0.58% of Accenture worth $1,098,172,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ACN. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture in the fourth quarter worth $30,000. Park Square Financial Group LLC bought a new position in Accenture during the 4th quarter worth about $31,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture during the first quarter worth about $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture in the first quarter valued at approximately $32,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Accenture during the fourth quarter worth $34,000. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACN. Argus set a $370.00 price objective on shares of Accenture in a report on Tuesday, June 24th. 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 report on Monday, June 23rd. Rothschild Redb downgraded shares of Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Guggenheim lowered their price objective on shares of Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Accenture in a research report on Thursday, July 17th. They issued a "hold" rating and a $290.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $353.76.

Accenture Trading Down 0.2%

Shares of ACN stock traded down $0.59 on Monday, hitting $254.37. 1,540,879 shares of the stock traded hands, compared to its average volume of 3,534,153. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $159.32 billion, a PE ratio of 20.25, a PEG ratio of 2.19 and a beta of 1.30. The firm's 50-day moving average price is $268.80 and its two-hundred day moving average price is $296.75. Accenture PLC has a twelve month low of $236.67 and a twelve month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $17.26 billion. During the same quarter last year, the company earned $3.13 earnings per share. The firm's revenue for the quarter 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, analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares of the company's stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by corporate insiders.

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.