Capital Asset Advisory Services LLC Acquires 1,261 Shares of Accenture PLC $ACN

Key Points

• Capital Asset Advisory Services LLC increased its holdings in Accenture PLC by 9.9%, acquiring an additional 1,261 shares, bringing their total to 13,966 shares worth $4.23 million.
• Accenture's latest earnings report revealed an EPS of $3.49, exceeding estimates, and a revenue of $17.73 billion, which marked a 7.7% increase from the prior year.
• Insider trading activity included CEO Julie Spellman Sweet selling 2,251 shares at an average price of $282.45, resulting in a decrease of 21.73% in her ownership stake.

Capital Asset Advisory Services LLC increased its holdings in Accenture PLC (NYSE:ACN - Free Report) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,966 shares of the information technology services provider's stock after purchasing an additional 1,261 shares during the period. Capital Asset Advisory Services LLC's holdings in Accenture were worth $4,226,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Accenture in the fourth quarter worth $30,000. Park Square Financial Group LLC bought a new stake in Accenture in the fourth quarter worth $31,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture in the first quarter worth $31,000. Inlight Wealth Management LLC bought a new stake in Accenture in the first quarter worth $32,000. Finally, Capital A Wealth Management LLC bought a new stake in Accenture during the fourth quarter valued at about $34,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

NYSE:ACN opened at $238.55 on Friday. Accenture PLC has a 12-month low of $236.67 and a 12-month high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $149.41 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.29. The firm has a 50-day moving average price of $263.21 and a 200 day moving average price of $293.19.

Accenture (NYSE:ACN - Get Free Report) last posted 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 net margin of 11.61% and a return on equity of 26.55%. The firm had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the prior year, the business posted $3.13 earnings per share. The company's quarterly 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. Research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ACN shares. Mizuho set a $348.00 price target on shares of Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. Barclays decreased their price target on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Evercore ISI started coverage on shares of Accenture in a report on Thursday, July 17th. They set an "outperform" rating and a $330.00 price target for the company. Rothschild & Co Redburn cut shares of Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price target for the company. in a report on Wednesday, September 3rd. Finally, Hsbc Global Res raised shares of Accenture to a "moderate sell" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $346.92.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares of the company's stock, valued at $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was 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 directly 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 sold 2,954 shares of company stock valued at $834,280 over the last quarter. Corporate insiders own 0.02% of the company's stock.

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.

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