Accenture PLC $ACN Shares Sold by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC has reduced its stake in Accenture PLC by 16.2%, now owning 5,564 shares valued at approximately $1.66 million.
• Accenture reported a Q2 earnings per share (EPS) of $3.49, exceeding the estimate of $3.32, with revenue of $17.73 billion for the quarter, reflecting a 7.7% year-over-year increase.
• The company recently declared a quarterly dividend of $1.48, which equates to an annualized dividend of $5.92 and a dividend yield of 2.3%.

Coppell Advisory Solutions LLC decreased its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,564 shares of the information technology services provider's stock after selling 1,079 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Accenture were worth $1,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock valued at $19,912,594,000 after acquiring an additional 3,419,577 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Accenture by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock valued at $2,111,378,000 after acquiring an additional 228,939 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Accenture by 9.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,036,845 shares of the information technology services provider's stock valued at $2,123,702,000 after acquiring an additional 545,109 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Accenture by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock valued at $1,600,470,000 after acquiring an additional 164,573 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Trading Down 2.3%

NYSE ACN traded down $5.60 during trading hours on Friday, reaching $238.55. The company had a trading volume of 5,635,284 shares, compared to its average volume of 3,580,252. The stock has a 50-day moving average of $264.53 and a 200 day moving average of $294.50. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $149.41 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 2.09 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 EPS for the quarter, beating 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 analysts' expectations of $17.26 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. Accenture's revenue for the quarter 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 anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction dated 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 in the company, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business's 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 in the company, valued at $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 have sold 2,954 shares of company stock worth $834,280 over the last three months. Company insiders own 0.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Benchmark reiterated a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. Hsbc Global Res raised Accenture to a "moderate sell" rating in a report on Monday, July 28th. Guggenheim reduced their price objective on shares of Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a research report on Monday, June 23rd. TD Cowen reduced their price objective on shares of Accenture from $342.00 to $313.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, 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. 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 stock. According to data from MarketBeat, Accenture presently has an average rating of "Moderate Buy" and an average target price 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.