Ally Financial Inc. Invests $936,000 in Accenture PLC $ACN

Key Points

• Ally Financial Inc. invested approximately $936,000 in Accenture PLC by acquiring 3,000 shares during the first quarter.
• Accenture reported $3.49 earnings per share for the latest quarter, surpassing analysts’ expectations of $3.32, and achieved revenues of $17.73 billion.
• The company announced a quarterly dividend of $1.48 per share, equating to a dividend yield of 2.3%, with a payout ratio of 47.13%.

Ally Financial Inc. bought a new position in shares of Accenture PLC (NYSE:ACN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,000 shares of the information technology services provider's stock, valued at approximately $936,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ACN. Brighton Jones LLC increased its holdings in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock worth $6,486,000 after purchasing an additional 4,905 shares during the period. Renaissance Technologies LLC bought a new stake in Accenture in the fourth quarter valued at about $317,000. Integrated Wealth Concepts LLC increased its stake in Accenture by 37.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the information technology services provider's stock valued at $5,233,000 after acquiring an additional 4,065 shares during the period. Capital Analysts LLC increased its stake in Accenture by 3.2% in the fourth quarter. Capital Analysts LLC now owns 12,995 shares of the information technology services provider's stock valued at $4,571,000 after acquiring an additional 402 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Accenture by 3.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 26,115 shares of the information technology services provider's stock valued at $9,187,000 after acquiring an additional 822 shares during the period. Institutional investors own 75.14% of the company's stock.

Insider Activity at Accenture

In related news, 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 value of $57,315.02. Following the transaction, the insider directly owned 5,249 shares in the company, valued at $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 8,109 shares of the company's stock, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 over the last ninety days. Company insiders own 0.02% of the company's stock.

Accenture Price Performance

Shares of ACN stock traded down $0.25 during trading hours on Tuesday, reaching $255.80. 4,884,422 shares of the company were exchanged, compared to its average volume of 4,842,152. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week high of $398.35. The stock's fifty day moving average is $275.37 and its two-hundred day moving average is $304.72. The company has a market cap of $160.22 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.33 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.

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 (EPS) for the quarter, topping 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 company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same period in the prior year, the business earned $3.13 earnings per share. Accenture'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 fiscal year.

Accenture Dividend Announcement

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

Wall Street Analyst Weigh In

ACN has been the topic of a number of analyst reports. Argus set a $370.00 target price on shares of Accenture in a research note on Tuesday, June 24th. UBS Group reissued a "buy" rating and issued a $395.00 target price (up previously from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Benchmark reissued a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. Mizuho set a $348.00 price objective on shares of Accenture and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Finally, Hsbc Global Res raised shares of Accenture to a "moderate sell" rating in a research note on Monday, July 28th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $358.08.

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.