Carmignac Gestion Lowers Position in Accenture PLC $ACN

Key Points

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Carmignac Gestion lessened its position in Accenture PLC (NYSE:ACN - Free Report) by 30.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 27,536 shares of the information technology services provider's stock after selling 11,865 shares during the period. Carmignac Gestion's holdings in Accenture were worth $8,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Credit Agricole S A lifted its stake in shares of Accenture by 0.5% in the 1st quarter. Credit Agricole S A now owns 484,830 shares of the information technology services provider's stock worth $151,286,000 after acquiring an additional 2,269 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Accenture by 36.9% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,848 shares of the information technology services provider's stock valued at $1,825,000 after purchasing an additional 1,577 shares in the last quarter. Colonial Trust Advisors increased its holdings in shares of Accenture by 1.6% in the 1st quarter. Colonial Trust Advisors now owns 40,796 shares of the information technology services provider's stock valued at $12,730,000 after purchasing an additional 629 shares in the last quarter. Cornerstone Select Advisors LLC increased its holdings in shares of Accenture by 53.0% in the 1st quarter. Cornerstone Select Advisors LLC now owns 976 shares of the information technology services provider's stock valued at $305,000 after purchasing an additional 338 shares in the last quarter. Finally, Sand Hill Global Advisors LLC increased its holdings in shares of Accenture by 0.6% in the 1st quarter. Sand Hill Global Advisors LLC now owns 19,862 shares of the information technology services provider's stock valued at $6,198,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays cut 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. HSBC assumed coverage on shares of Accenture in a report on Monday, July 28th. They issued a "reduce" rating and a $240.00 price target for the company. Benchmark reiterated a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a report on Monday, July 28th. Finally, Mizuho set a $348.00 target price on shares of Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $358.08.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of Accenture 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 sale, the insider directly owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer 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 a total of 2,954 shares of company stock worth $834,280 over the last ninety days. 0.02% of the stock is currently owned by corporate insiders.

Accenture Price Performance

NYSE:ACN traded up $4.9040 during mid-day trading on Friday, hitting $258.8940. 3,102,553 shares of the company's stock traded hands, compared to its average volume of 4,885,374. 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 firm's 50 day simple moving average is $277.65 and its 200 day simple moving average is $307.16. Accenture PLC has a 1 year low of $236.67 and a 1 year high of $398.35. The company has a market cap of $162.15 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29.

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, beating the consensus estimate of $3.32 by $0.17. The firm had revenue of $17.73 billion during 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 firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were issued a dividend of $1.48 per share. The ex-dividend date was Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.3%. Accenture's payout ratio 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.