American Trust Has $4.39 Million Holdings in Accenture PLC $ACN

Key Points

• American Trust reduced its stake in Accenture PLC by 20.9% to 14,075 shares, now valued at approximately $4.39 million, making it the 20th largest holding in its portfolio.
• Accenture's recent earnings report revealed $3.49 EPS, surpassing the consensus estimate of $3.32, with revenues of $17.73 billion for the quarter, marking a year-over-year increase of 7.7%.
• Analysts have mixed sentiments on Accenture, with one Strong Buy, fifteen Buy, nine Hold, and one Sell rating, while the average target price stands at $353.76.

American Trust lowered its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 20.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,075 shares of the information technology services provider's stock after selling 3,713 shares during the period. Accenture accounts for 1.1% of American Trust's investment portfolio, making the stock its 20th largest holding. American Trust's holdings in Accenture were worth $4,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Visionary Wealth Advisors lifted its holdings in Accenture by 3.5% in the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after acquiring an additional 26 shares during the last quarter. Vivaldi Capital Management LP increased its holdings in shares of Accenture by 3.6% in the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after buying an additional 27 shares in the last quarter. Sentinus LLC increased its holdings in shares of Accenture by 4.2% in the fourth quarter. Sentinus LLC now owns 763 shares of the information technology services provider's stock valued at $268,000 after buying an additional 31 shares in the last quarter. Stonebrook Private Inc. increased its holdings in shares of Accenture by 3.1% in the fourth quarter. Stonebrook Private Inc. now owns 1,103 shares of the information technology services provider's stock valued at $388,000 after buying an additional 33 shares in the last quarter. Finally, Viawealth LLC increased its holdings in shares of Accenture by 2.6% in the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock valued at $408,000 after buying an additional 33 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Down 2.3%

Shares of NYSE ACN traded down $5.60 during mid-day trading on Friday, reaching $238.55. The company had a trading volume of 5,636,222 shares, compared to its average volume of 3,580,306. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $149.41 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. Accenture PLC has a twelve month low of $236.67 and a twelve month high of $398.35. The stock's 50 day moving average is $264.53 and its 200-day moving average is $294.50.

Accenture (NYSE:ACN - Get Free Report) last posted 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 firm had revenue of $17.73 billion for 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 business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 203 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the transaction, the insider owned 5,249 shares in the company, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $141,170.00. Following the completion of the transaction, 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 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 in the last three months. Company insiders own 0.02% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on ACN shares. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Guggenheim reduced their target price on Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a report on Monday, June 23rd. Mizuho set a $348.00 target price on Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. Morgan Stanley dropped their target price on Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, HSBC assumed coverage on Accenture in a report on Monday, July 28th. They issued a "reduce" rating and a $240.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $346.92.

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.