Free Trial

Federated Hermes Inc. Has $10.62 Million Position in Accenture PLC (NYSE:ACN)

Accenture logo with Computer and Technology background

Key Points

  • Federated Hermes Inc. reduced its holdings in Accenture PLC by 12.1%, selling 4,705 shares and owning 34,028 shares valued at $10.6 million at the end of the 1st quarter.
  • Accenture recently declared a quarterly dividend of $1.48 per share, with a dividend yield of 2.3%, set to be paid on August 15th.
  • Despite recent declines, Accenture reported $3.49 EPS for the quarter, exceeding estimates and showing a 7.7% increase in revenue year-over-year.
  • MarketBeat previews top five stocks to own in September.

Federated Hermes Inc. cut its position in Accenture PLC (NYSE:ACN - Free Report) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,028 shares of the information technology services provider's stock after selling 4,705 shares during the quarter. Federated Hermes Inc.'s holdings in Accenture were worth $10,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after acquiring an additional 4,905 shares during the last quarter. Westpac Banking Corp boosted its stake in Accenture by 8.0% during the 4th quarter. Westpac Banking Corp now owns 1,827 shares of the information technology services provider's stock valued at $643,000 after acquiring an additional 136 shares during the last quarter. Arete Wealth Advisors LLC boosted its stake in Accenture by 7.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 1,882 shares of the information technology services provider's stock valued at $662,000 after acquiring an additional 131 shares during the last quarter. KCM Investment Advisors LLC lifted its position in shares of Accenture by 0.7% in the 4th quarter. KCM Investment Advisors LLC now owns 26,551 shares of the information technology services provider's stock worth $9,340,000 after buying an additional 174 shares during the last quarter. Finally, Aviva PLC lifted its position in shares of Accenture by 18.4% in the 4th quarter. Aviva PLC now owns 630,036 shares of the information technology services provider's stock worth $221,640,000 after buying an additional 97,722 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of ACN traded down $11.92 during mid-day trading on Friday, hitting $255.18. The company's stock had a trading volume of 6,041,752 shares, compared to its average volume of 3,832,535. The firm has a 50-day moving average price of $297.98 and a 200 day moving average price of $319.33. The stock has a market capitalization of $159.83 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Accenture PLC has a fifty-two week low of $254.20 and a fifty-two week high of $398.35.

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, topping the consensus estimate of $3.32 by $0.17. The company 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%. The business's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.13 EPS. On average, research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is presently 47.13%.

Wall Street Analyst Weigh In

ACN has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a research report on Monday, July 28th. Benchmark restated a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. Argus set a $370.00 price target on shares of Accenture in a research report on Tuesday, June 24th. Evercore ISI initiated coverage on shares of Accenture in a research report on Thursday, July 17th. They issued an "outperform" rating and a $330.00 price target on the stock. Finally, Piper Sandler reduced their price target on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $360.21.

Check Out Our Latest Stock Analysis on ACN

Insider Activity

In other Accenture news, CEO Mauro Macchi sold 500 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value 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 trade represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO John F. Walsh sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the transaction, the chief operating officer owned 15,882 shares of the company's stock, valued at approximately $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,454 shares of company stock valued at $1,646,780. Corporate insiders own 0.02% of the company's stock.

Accenture Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Should You Invest $1,000 in Accenture Right Now?

Before you consider Accenture, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Accenture wasn't on the list.

While Accenture currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines