Accenture PLC $ACN Position Increased by Boston Family Office LLC

Key Points

• Boston Family Office LLC increased its position in Accenture PLC by 46.7% in Q1, owning 4,580 shares valued at approximately $1.43 million.
• Accenture reported a quarterly earnings per share of $3.49, surpassing estimates, with revenue of $17.73 billion, up 7.7% year-over-year.
• Accenture announced a quarterly dividend of $1.48 per share, with an annualized yield of 2.4% and a payout ratio of 47.13%.

Boston Family Office LLC boosted its stake in Accenture PLC (NYSE:ACN - Free Report) by 46.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,580 shares of the information technology services provider's stock after acquiring an additional 1,459 shares during the period. Boston Family Office LLC's holdings in Accenture were worth $1,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ACN. Lipe & Dalton increased its holdings in Accenture by 2,087.4% in the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock valued at $1,570,000 after buying an additional 4,801 shares during the last quarter. Capital Research Global Investors grew its position in shares of Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after acquiring an additional 1,770,024 shares in the last quarter. Alteri Wealth LLC acquired a new stake in shares of Accenture during the 4th quarter valued at approximately $321,000. United Bank bought a new position in Accenture during the first quarter worth $758,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Accenture by 62.2% in the first quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock worth $282,000 after purchasing an additional 347 shares during the period. Institutional investors own 75.14% of the company's stock.

Insider Buying and Selling at Accenture

In other news, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction that occurred on 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 owned 2,283 shares of the company's stock, valued at $644,582.22. The trade was a 17.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 203 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. dropped 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. BMO Capital Markets cut their target price on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a report on Monday, June 23rd. HSBC began coverage on Accenture in a report on Monday, July 28th. They set a "reduce" rating and a $240.00 target price for the company. Barclays cut their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a report on Monday, June 23rd. Finally, Morgan Stanley lowered their price objective on Accenture from $340.00 to $325.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and a consensus target price of $358.08.

Accenture Stock Performance

Shares of NYSE:ACN traded down $0.7190 on Wednesday, hitting $255.1610. The company's stock had a trading volume of 5,068,191 shares, compared to its average volume of 3,566,387. The company has a market capitalization of $159.81 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.27 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture PLC has a 12 month low of $236.67 and a 12 month high of $398.35. The stock's 50-day moving average is $281.27 and its two-hundred day moving average is $309.36.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.17. The business had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 10th were issued a dividend of $1.48 per share. 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 presently 47.13%.

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.