Credit Agricole S A Has $151.29 Million Stock Holdings in Accenture PLC $ACN

Key Points

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Credit Agricole S A grew its holdings in Accenture PLC (NYSE:ACN - Free Report) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 484,830 shares of the information technology services provider's stock after purchasing an additional 2,269 shares during the period. Credit Agricole S A owned about 0.08% of Accenture worth $151,286,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Visionary Wealth Advisors increased its holdings in shares of Accenture by 3.5% in the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after purchasing an additional 26 shares during the period. Vivaldi Capital Management LP increased its holdings in Accenture by 3.6% in the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock worth $292,000 after buying an additional 27 shares during the last quarter. Sentinus LLC increased its holdings in Accenture by 4.2% in the fourth quarter. Sentinus LLC now owns 763 shares of the information technology services provider's stock worth $268,000 after buying an additional 31 shares during the last quarter. Stonebrook Private Inc. increased its holdings in Accenture by 3.1% in the fourth quarter. Stonebrook Private Inc. now owns 1,103 shares of the information technology services provider's stock worth $388,000 after buying an additional 33 shares during the last quarter. Finally, Viawealth LLC increased its holdings in Accenture by 2.6% in the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock worth $408,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of the stock in a transaction on 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 in the company, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares of the company's stock, valued at $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock worth $834,280 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACN. Barclays dropped their price objective on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a report on Monday, June 23rd. UBS Group restated a "buy" rating and issued a $395.00 price objective (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Benchmark restated a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Evercore ISI initiated coverage on Accenture in a research report on Thursday, July 17th. They set an "outperform" rating and a $330.00 target price for the company. Finally, BMO Capital Markets decreased their target price on Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Accenture currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.08.

Accenture Stock Performance

Shares of ACN traded up $4.9040 during mid-day trading on Friday, hitting $258.8940. The company's stock had a trading volume of 3,102,553 shares, compared to its average volume of 4,885,374. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. 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 has a market capitalization 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. The stock's 50-day moving average is $277.65 and its two-hundred day moving average is $307.16.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.Accenture's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

About Accenture

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.