Accenture PLC $ACN Position Trimmed by Tradition Wealth Management LLC

Key Points

• Tradition Wealth Management LLC reduced its stake in Accenture PLC by 27.2% in the first quarter, now holding 7,997 shares valued at approximately $2.5 million.
• Accenture reported $3.49 earnings per share for the latest quarter, surpassing analysts' expectations of $3.32, with total revenues of $17.73 billion.
• The company declared a quarterly dividend of $1.48, resulting in an annualized dividend yield of 2.3% and a dividend payout ratio of 47.13%.

Tradition Wealth Management LLC lowered its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 27.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,997 shares of the information technology services provider's stock after selling 2,984 shares during the period. Tradition Wealth Management LLC's holdings in Accenture were worth $2,495,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $34,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture in the first quarter valued at approximately $32,000. Finally, Navigoe LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $37,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Up 1.9%

Shares of ACN traded up $4.9040 during mid-day 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 business's 50-day simple moving average is $277.65 and its 200-day simple moving average is $307.16. 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 1-year low of $236.67 and a 1-year high of $398.35. The stock has a market cap of $162.15 billion, a PE ratio of 20.61, a P/E/G ratio of 2.31 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last released its 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. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. During the same period last year, the company earned $3.13 earnings per share. The company's quarterly 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. Sell-side analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 10th were given 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 47.13%.

Analyst Ratings Changes

Several analysts have recently commented on ACN shares. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a research report on Monday, July 28th. BMO Capital Markets lowered their price target on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Accenture in a report on Thursday, July 17th. They set a "hold" rating and a $290.00 price target for the company. UBS Group reiterated a "buy" rating and set a $395.00 price target (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Finally, Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $358.08.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction 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 owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction 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 approximately $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock valued at $834,280 over the last ninety days. Corporate insiders own 0.02% of the company's stock.

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.