Campbell & CO Investment Adviser LLC Has $2.11 Million Holdings in Accenture PLC $ACN

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Accenture PLC by 276.4% to own 6,756 shares valued at approximately $2.11 million, according to its latest SEC filing.
• Multiple analysts adjusted their price targets for Accenture, with J.P. Morgan lowering it from $334 to $302, while UBS Group raised their target from $390 to $395, indicating varied perspectives on the company's future performance.
• Accenture reported earnings of $3.49 per share for the recent quarter, exceeding estimates, and announced a quarterly dividend of $1.48, reflecting a 2.3% yield.

Campbell & CO Investment Adviser LLC lifted its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 276.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,756 shares of the information technology services provider's stock after buying an additional 4,961 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Accenture were worth $2,108,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bahl & Gaynor Inc. increased its holdings in shares of Accenture by 2.8% during the first quarter. Bahl & Gaynor Inc. now owns 415,214 shares of the information technology services provider's stock worth $129,563,000 after buying an additional 11,209 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Accenture by 102.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 189,598 shares of the information technology services provider's stock worth $59,162,000 after purchasing an additional 95,979 shares during the last quarter. Groupe la Francaise grew its stake in shares of Accenture by 183.2% in the first quarter. Groupe la Francaise now owns 185,292 shares of the information technology services provider's stock worth $53,971,000 after purchasing an additional 119,859 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in Accenture by 7.3% during the first quarter. Douglass Winthrop Advisors LLC now owns 289,507 shares of the information technology services provider's stock valued at $90,338,000 after acquiring an additional 19,725 shares during the last quarter. Finally, Sax Wealth Advisors LLC bought a new stake in Accenture during the first quarter valued at $1,015,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ACN shares. JPMorgan Chase & Co. cut their price target on shares of Accenture from $334.00 to $302.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Guggenheim cut their price target on shares of Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. Evercore ISI started coverage on shares of Accenture in a research report on Thursday, July 17th. They set an "outperform" rating and a $330.00 price target on the stock. UBS Group reaffirmed a "buy" rating and set a $395.00 price target (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Finally, HSBC started coverage on shares of Accenture in a research report on Monday, July 28th. They set a "reduce" rating and a $240.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $358.08.

Insider Activity

In other 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 transaction of $57,315.02. Following the completion of the transaction, the insider directly owned 5,249 shares of the company's stock, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, 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 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 three months. Company insiders own 0.02% of the company's stock.

Accenture Trading Up 1.9%

ACN opened at $258.8940 on Monday. 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 fifty-two week low of $236.67 and a fifty-two week high of $398.35. The firm has a market capitalization of $162.15 billion, a PE ratio of 20.61, a P/E/G ratio of 2.36 and a beta of 1.29. The company's 50-day moving average is $277.65 and its 200 day moving average is $305.97.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share 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 quarter in the prior year, the business posted $3.13 EPS. The firm's revenue 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. As a group, research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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

Accenture Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.