Alecta Tjanstepension Omsesidigt Has $166.04 Million Stock Position in Accenture PLC $ACN

Key Points

• Alecta Tjanstepension Omsesidigt increased its holdings in Accenture PLC by 49.5% in Q2, owning 556,000 shares valued at approximately $166 million.
• Accenture reported earnings per share of $3.49 for the last quarter, exceeding analyst expectations, and expects a Q4 2025 guidance of $12.770 to $12.890 EPS.
• Institutional investors own about 75.14% of Accenture's shares, with several major firms significantly boosting their positions in the company recently.

Alecta Tjanstepension Omsesidigt increased its holdings in Accenture PLC (NYSE:ACN - Free Report) by 49.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 556,000 shares of the information technology services provider's stock after acquiring an additional 184,000 shares during the quarter. Alecta Tjanstepension Omsesidigt owned approximately 0.09% of Accenture worth $166,044,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Redwood Investments LLC lifted its stake in shares of Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock worth $6,892,000 after acquiring an additional 1,287 shares in the last quarter. Lipe & Dalton raised its stake in Accenture by 2,087.4% during 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 in the last quarter. Intech Investment Management LLC raised its stake in Accenture by 40.5% during the first quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider's stock valued at $30,777,000 after buying an additional 28,446 shares in the last quarter. Park National Corp OH raised its stake in Accenture by 4.3% during the second quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider's stock valued at $38,756,000 after buying an additional 5,388 shares in the last quarter. Finally, Czech National Bank raised its stake in Accenture by 6.6% during the second quarter. Czech National Bank now owns 153,099 shares of the information technology services provider's stock valued at $45,760,000 after buying an additional 9,436 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Mizuho set a $348.00 price objective on Accenture and gave the company an "outperform" rating in a research note on Tuesday, June 24th. HSBC assumed coverage on Accenture in a research note on Monday, July 28th. They set a "reduce" rating and a $240.00 price objective on the stock. Stifel Nicolaus lowered their target price on Accenture from $355.00 to $315.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Finally, Rothschild Redb lowered Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $335.39.

Insider Transactions at Accenture

In other news, CEO Mauro Macchi sold 500 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value 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 trade represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction on Friday, July 11th. The stock was 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 of the company's stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock valued at $834,280 over the last quarter. Company insiders own 0.02% of the company's stock.

Accenture Price Performance

Shares of ACN traded up $1.10 during trading hours on Friday, hitting $240.65. 11,449,719 shares of the company were exchanged, compared to its average volume of 3,980,534. The company has a market capitalization of $150.73 billion, a PE ratio of 19.16, a PEG ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a fifty day simple moving average of $257.73 and a 200-day simple moving average of $289.38. Accenture PLC has a one year low of $234.18 and a one year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS 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 analysts' expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.Accenture's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.13 earnings per share. As a group, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture 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.