Okabena Investment Services Inc. Sells 1,774 Shares of Accenture PLC $ACN

Key Points

• Okabena Investment Services Inc. reduced its holdings in Accenture PLC by 28.0%, now owning 4,568 shares valued at $1,425,000 following the sale of 1,774 shares in the 1st quarter.
• Accenture's recent quarterly earnings report showed earnings per share of $3.49, exceeding estimates and demonstrating a 7.7% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $1.48, resulting in an annual yield of 2.3%, with a payout ratio of 47.13%.

Okabena Investment Services Inc. cut its position in Accenture PLC (NYSE:ACN - Free Report) by 28.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,568 shares of the information technology services provider's stock after selling 1,774 shares during the quarter. Okabena Investment Services Inc.'s holdings in Accenture were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Accenture during the 4th quarter valued at $30,000. Park Square Financial Group LLC purchased a new stake in shares of Accenture during the 4th quarter valued at $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture during the 1st quarter valued at $31,000. Inlight Wealth Management LLC purchased a new stake in shares of Accenture during the 1st quarter valued at $32,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Accenture during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Trading Up 1.5%

Shares of ACN traded up $3.95 during trading hours on Monday, reaching $260.12. 2,805,715 shares of the company traded hands, compared to its average volume of 4,557,785. The company's fifty day moving average price is $272.89 and its two-hundred day moving average price is $301.38. The company has a market capitalization of $162.92 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.37 and a beta of 1.30. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $236.67 and a 12 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 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 firm had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the previous year, the firm posted $3.13 EPS. The company's revenue for the quarter 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 predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACN. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a research report on Monday, July 28th. Argus set a $370.00 target price on shares of Accenture in a report on Tuesday, June 24th. Morgan Stanley reduced their target price on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 24th. JPMorgan Chase & Co. reduced their target price on shares of Accenture from $334.00 to $302.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, HSBC began coverage on shares of Accenture in a report on Monday, July 28th. They set a "reduce" rating and a $240.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $358.08.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction that occurred on 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 sale, the chief executive officer owned 2,283 shares of the company's stock, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,954 shares of company stock valued at $834,280. Insiders own 0.02% of the company's stock.

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.