Empowered Funds LLC Has $14.80 Million Position in Accenture PLC $ACN

Key Points

• Empowered Funds LLC increased its holdings in Accenture PLC by 56.3%, acquiring an additional 17,080 shares to own a total of 47,429 shares valued at approximately $14.8 million.
• Accenture reported a $3.49 EPS for the last quarter, surpassing the consensus estimate by $0.17, and achieved revenues of $17.73 billion, a 7.7% increase year-over-year.
• The company declared a quarterly dividend of $1.48 per share with an annualized yield of 2.3%, and its current dividend payout ratio stands at 47.13%.

Empowered Funds LLC boosted its position in Accenture PLC (NYSE:ACN - Free Report) by 56.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,429 shares of the information technology services provider's stock after purchasing an additional 17,080 shares during the quarter. Empowered Funds LLC's holdings in Accenture were worth $14,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in Accenture in the 4th quarter valued at $30,000. Park Square Financial Group LLC acquired a new position in Accenture in the fourth quarter valued at $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture during the first quarter worth about $31,000. Inlight Wealth Management LLC purchased a new stake in Accenture in the 1st quarter valued at about $32,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Accenture during the 4th quarter worth about $34,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 2.3%

NYSE ACN traded down $5.60 during trading hours on Friday, reaching $238.55. 5,636,222 shares of the company traded hands, compared to its average volume of 3,580,306. The company has a 50 day moving average of $264.53 and a two-hundred day moving average of $294.50. The stock has a market capitalization of $149.41 billion, a PE ratio of 18.99, a PEG ratio of 2.09 and a beta of 1.29. Accenture PLC has a 12 month low of $236.67 and a 12 month 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.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The firm 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 firm 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, equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent analyst reports. Barclays lowered their target price 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. TD Cowen dropped their price target on Accenture from $342.00 to $313.00 and set a "buy" rating for the company in a research note on Tuesday. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. Rothschild & Co Redburn lowered shares of Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price objective for the company. in a research report on Wednesday, September 3rd. Finally, Mizuho set a $348.00 price target on Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $346.92.

Insiders Place Their Bets

In other news, insider Angela Beatty sold 203 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mauro Macchi sold 500 shares of Accenture 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 transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% 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 valued at $834,280 over the last quarter. Insiders own 0.02% of the company's stock.

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.