Belpointe Asset Management LLC Increases Holdings in Accenture PLC $ACN

Key Points

• Belpointe Asset Management LLC significantly increased its stake in Accenture PLC by 113.2% during Q1, now holding shares worth approximately $1.45 million.
• Multiple hedge funds have also expanded their investments in Accenture, with overall institutional ownership now at 75.14%.
• Accenture's recent earnings report showed a revenue increase of 7.7% year-over-year, with earnings per share of $3.49, surpassing analysts' expectations.

Belpointe Asset Management LLC raised its holdings in Accenture PLC (NYSE:ACN - Free Report) by 113.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,659 shares of the information technology services provider's stock after purchasing an additional 2,474 shares during the quarter. Belpointe Asset Management LLC's holdings in Accenture were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture during the 4th quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new stake in shares of Accenture during the 4th quarter valued at approximately $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture during the 1st 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. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Accenture during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Trading Down 2.3%

ACN stock traded down $5.60 during midday trading on Friday, hitting $238.55. The stock had a trading volume of 5,636,222 shares, compared to its average volume of 3,644,348. The firm has a market cap of $149.41 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. 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 PLC has a 12-month low of $236.67 and a 12-month high of $398.35. The company's 50-day moving average price is $263.21 and its 200 day moving average price is $293.19.

Accenture (NYSE:ACN - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. Accenture's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Angela Beatty sold 203 shares of the business's stock in a transaction 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 completion of the sale, the insider directly owned 5,249 shares of the company's stock, valued at $1,482,002.66. The trade was a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 2,283 shares of the company's stock, valued at $644,582.22. This represents a 17.97% 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 in the last ninety days. Company insiders own 0.02% of the company's stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research reports. Rothschild & Co Redburn downgraded shares of Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price target for the company. in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Accenture from $290.00 to $260.00 and set a "hold" rating for the company in a research report on Thursday. UBS Group restated a "buy" rating and set a $395.00 price objective (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Argus set a $370.00 price objective on Accenture in a research report on Tuesday, June 24th. Finally, Rothschild Redb downgraded Accenture from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock 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.