Curi RMB Capital LLC Trims Stock Holdings in Accenture PLC $ACN

Key Points

• Curi RMB Capital LLC has reduced its stake in Accenture PLC by 39.9%, selling 24,218 shares during the first quarter, leaving them with a total of 36,546 shares valued at approximately $11.4 million.
• Accenture reported earnings of $3.49 per share for the latest quarter, surpassing analysts' expectations, while also achieving a 7.7% year-over-year increase in revenue, amounting to $17.73 billion.
• The company declared a quarterly dividend of $1.48 per share, which was paid on August 15th, reflecting an annualized dividend yield of 2.3%.

Curi RMB Capital LLC trimmed its position in Accenture PLC (NYSE:ACN - Free Report) by 39.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,546 shares of the information technology services provider's stock after selling 24,218 shares during the period. Curi RMB Capital LLC's holdings in Accenture were worth $11,404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ACN. Price T Rowe Associates Inc. MD grew its position in Accenture by 63.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock worth $2,793,889,000 after purchasing an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 during the last quarter. GAMMA Investing LLC lifted its holdings in Accenture by 30,256.8% during the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider's stock worth $1,067,651,000 after acquiring an additional 3,410,248 shares during the period. Pacer Advisors Inc. boosted its position in Accenture by 2,782.1% in the first quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider's stock worth $450,985,000 after purchasing an additional 1,395,135 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Accenture during the fourth quarter worth about $225,217,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Price Performance

ACN traded up $0.84 on Monday, reaching $255.79. The company had a trading volume of 4,707,085 shares, compared to its average volume of 3,553,398. Accenture PLC has a 52-week low of $236.67 and a 52-week high of $398.35. The company has a market cap of $160.21 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.19 and a beta of 1.30. 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 business has a 50 day simple moving average of $268.80 and a 200 day simple moving average of $296.75.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were paid a dividend of $1.48 per share. 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 dividend payout ratio is 47.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Mizuho set a $348.00 price target on Accenture and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. BMO Capital Markets reduced their target price on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research note on Monday, June 23rd. Rothschild Redb downgraded shares of Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Benchmark restated a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. Finally, Morgan Stanley reduced their price target on Accenture from $340.00 to $325.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $353.76.

Insider Transactions at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer owned 2,283 shares of the company's stock, valued at $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,954 shares of company stock worth $834,280. 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.