EP Wealth Advisors LLC Has $22.80 Million Position in Accenture PLC $ACN

Key Points

• EP Wealth Advisors LLC significantly increased its holdings in Accenture PLC by 193%, owning approximately $22.80 million worth of shares as of its latest SEC filing.
• Analysts have set various price targets for Accenture, with Guggenheim lowering their target to $335.00, while Argus proposed a higher target of $370.00, indicating mixed sentiments about the stock’s future performance.
• Accenture recently reported $3.49 EPS for its latest quarter, surpassing expectations, with revenues rising to $17.73 billion, showcasing robust year-over-year growth.

EP Wealth Advisors LLC grew its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 193.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,055 shares of the information technology services provider's stock after acquiring an additional 48,120 shares during the period. EP Wealth Advisors LLC's holdings in Accenture were worth $22,796,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Investment Counsel LLC raised its stake in Accenture by 3.0% during the first quarter. Capital Investment Counsel LLC now owns 18,319 shares of the information technology services provider's stock valued at $5,716,000 after buying an additional 535 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Accenture by 37.1% during the first quarter. Focus Partners Advisor Solutions LLC now owns 9,470 shares of the information technology services provider's stock worth $2,955,000 after purchasing an additional 2,564 shares during the last quarter. ICW Investment Advisors LLC increased its stake in Accenture by 0.9% during the first quarter. ICW Investment Advisors LLC now owns 5,420 shares of the information technology services provider's stock valued at $1,691,000 after purchasing an additional 51 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Accenture during the first quarter worth $518,000. Finally, Cura Wealth Advisors LLC boosted its holdings in shares of Accenture by 0.6% in the 1st quarter. Cura Wealth Advisors LLC now owns 14,925 shares of the information technology services provider's stock valued at $4,657,000 after buying an additional 94 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on ACN. Evercore ISI initiated coverage on shares of Accenture in a research note on Thursday, July 17th. They set an "outperform" rating and a $330.00 price objective on the stock. Morgan Stanley cut their price target on Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 24th. Barclays reduced their price target 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. UBS Group reissued a "buy" rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Finally, Argus set a $370.00 price target on Accenture in a report on Tuesday, June 24th. One 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 issued a Sell rating to the company. According to MarketBeat.com, Accenture presently has an average rating of "Moderate Buy" and an average target price of $353.76.

Accenture Price Performance

Accenture stock traded up $1.65 during trading hours on Friday, hitting $254.59. 4,235,857 shares of the company traded hands, compared to its average volume of 3,641,824. The firm has a market cap of $159.45 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.17 and a beta of 1.29. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm's 50-day simple moving average is $268.80 and its two-hundred day simple moving average is $298.01. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.32 by $0.17. The firm had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. Accenture's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were 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. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last quarter. 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.