Accenture PLC $ACN Shares Sold by Haverford Trust Co

Key Points

• Haverford Trust Co reduced its stake in Accenture PLC by 2.2%, now owning 668,750 shares valued at approximately $208.68 million.
• Accenture reported a 7.7% increase in quarterly revenue year-over-year, totaling $17.73 billion with earnings per share of $3.49, exceeding expectations.
• Institutional investors control 75.14% of Accenture’s stock, with significant increases in holdings by various funds, including Vanguard Group and Price T Rowe Associates.

Haverford Trust Co decreased its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 668,750 shares of the information technology services provider's stock after selling 14,961 shares during the period. Accenture accounts for 2.1% of Haverford Trust Co's portfolio, making the stock its 14th largest position. Haverford Trust Co owned about 0.11% of Accenture worth $208,677,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock worth $19,912,594,000 after purchasing an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock worth $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. Northern Trust Corp increased its position in Accenture by 10.7% during the fourth quarter. Northern Trust Corp now owns 7,582,344 shares of the information technology services provider's stock worth $2,667,393,000 after purchasing an additional 732,769 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Accenture by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock worth $2,111,378,000 after acquiring an additional 228,939 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Accenture by 9.9% in the fourth 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 worth $2,123,702,000 after acquiring an additional 545,109 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Price Performance

Shares of ACN stock opened at $258.8940 on Friday. The company has a market capitalization of $162.15 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The firm has a fifty day simple moving average of $277.65 and a 200-day simple moving average of $307.16. 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 twelve month low of $236.67 and a twelve month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share 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 business had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. During the same period in the prior year, the firm earned $3.13 earnings per share. The business's quarterly revenue was up 7.7% compared to the same quarter last year. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 10th were paid 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 was Thursday, July 10th. Accenture's dividend payout ratio is 47.13%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the 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. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 in the last ninety days. 0.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ACN shares. Mizuho set a $348.00 price objective on shares of Accenture and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. 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 report on Monday, June 23rd. Argus set a $370.00 price objective on shares of Accenture in a research report on Tuesday, June 24th. Morgan Stanley dropped 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 report on Tuesday, June 24th. Finally, Benchmark reissued a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $358.08.

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.

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