Aptus Capital Advisors LLC Has $14.65 Million Stock Position in Accenture PLC $ACN

Key Points

• Aptus Capital Advisors LLC reduced its holdings in Accenture PLC by 34.6%, owning 46,949 shares valued at $14.65 million after selling 24,836 shares in Q1.
• Accenture recently reported earnings of $3.49 EPS, exceeding analysts' estimates and showing a 7.7% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.48, with an annualized yield of 2.4% and a payout ratio of 47.13%.

Aptus Capital Advisors LLC trimmed its holdings in Accenture PLC (NYSE:ACN - Free Report) by 34.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,949 shares of the information technology services provider's stock after selling 24,836 shares during the period. Aptus Capital Advisors LLC's holdings in Accenture were worth $14,650,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new position in shares of Accenture in the 4th quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture during the 1st quarter valued at approximately $32,000. Capital A Wealth Management LLC acquired a new stake in shares of Accenture during the 4th quarter valued at approximately $34,000. Finally, Navigoe LLC acquired a new stake in shares of Accenture during the 4th quarter valued at approximately $37,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of NYSE:ACN traded up $4.9040 on Friday, hitting $258.8940. The company's stock had a trading volume of 3,102,553 shares, compared to its average volume of 4,885,374. Accenture PLC has a 12 month low of $236.67 and a 12 month high of $398.35. The company has a market capitalization of $162.15 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The stock's 50-day moving average is $277.65 and its two-hundred day moving average is $307.16. 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 (NYSE:ACN - Get Free Report) last released its quarterly 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 return on equity of 26.55% and a net margin of 11.61%.The company had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. During the same quarter in the prior year, the business posted $3.13 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. 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 paid 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 dividend payout ratio (DPR) is currently 47.13%.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the firm'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 in the company, valued at approximately $2,290,387.05. This trade represents a 21.73% 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, insider Angela Beatty sold 203 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, the insider owned 5,249 shares of the company's stock, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 over the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ACN shares. Morgan Stanley dropped their price target on Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 24th. Barclays dropped their target price on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research report on Monday, June 23rd. HSBC initiated coverage on Accenture in a research report on Monday, July 28th. They issued a "reduce" rating and a $240.00 target price on the stock. Argus set a $370.00 target price on Accenture in a research report on Tuesday, June 24th. Finally, Mizuho set a $348.00 target price on Accenture and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.