115,159 Shares in Accenture PLC $ACN Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC has made a new $35.93 million investment in Accenture PLC, acquiring 115,159 shares during the first quarter of the year.
• Accenture reported a quarterly EPS of $3.49, outperforming analysts' expectations of $3.32, alongside a revenue of $17.73 billion, exceeding estimates of $17.26 billion.
• The company announced a quarterly dividend of $1.48, resulting in an annualized dividend of $5.92, which represents a yield of 2.3%.

Ceredex Value Advisors LLC acquired a new stake in Accenture PLC (NYSE:ACN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 115,159 shares of the information technology services provider's stock, valued at approximately $35,934,000.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Accenture in the 4th quarter valued at about $30,000. Park Square Financial Group LLC bought a new position in shares of Accenture in the 4th quarter valued at about $31,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Accenture in the 1st quarter valued at about $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture in the 1st quarter valued at about $32,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Accenture in the 4th quarter valued at about $34,000. Institutional investors own 75.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ACN shares. Guggenheim reduced their target price on shares of Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research note on Monday, June 23rd. Hsbc Global Res raised shares of Accenture to a "moderate sell" rating in a research note on Monday, July 28th. Morgan Stanley reduced their price objective on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 24th. Argus set a $370.00 price objective on shares of Accenture in a research note on Tuesday, June 24th. Finally, UBS Group reissued a "buy" rating and set a $395.00 price objective (up previously from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. One equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $358.08.

Insider Transactions at Accenture

In other news, 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 value of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company's stock, valued at $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock valued at $834,280 over the last 90 days. 0.02% of the stock is owned by corporate insiders.

Accenture Stock Up 1.5%

ACN traded up $3.95 during trading on Friday, reaching $260.12. The company had a trading volume of 2,805,715 shares, compared to its average volume of 4,719,596. 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 business's fifty day moving average price is $272.89 and its 200 day moving average price is $301.99. The company has a market cap of $162.92 billion, a P/E ratio of 20.71, a PEG ratio of 2.37 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. The business had revenue of $17.73 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 10th. Accenture's payout ratio is currently 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.