Accenture PLC $ACN Stock Holdings Trimmed by First Long Island Investors LLC

Key Points

• First Long Island Investors LLC has reduced its holdings in Accenture PLC by 1.9%, selling 1,449 shares, which now represent approximately 1.9% of its investment portfolio valued at $23.4 million.
• Accenture's CEO Julie Spellman Sweet sold 2,251 shares for about $635,795, marking a 21.73% decrease in her ownership, while the company reported strong earnings with a quarterly EPS of $3.49, exceeding analyst expectations.
• Several analysts have adjusted their price targets for Accenture, with BMO Capital lowering it to $325, while the consensus rating remains a "Moderate Buy" with an average price target of $346.92.

First Long Island Investors LLC lessened its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,985 shares of the information technology services provider's stock after selling 1,449 shares during the quarter. Accenture comprises 1.9% of First Long Island Investors LLC's investment portfolio, making the stock its 19th biggest holding. First Long Island Investors LLC's holdings in Accenture were worth $23,398,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in Accenture during the 4th quarter worth approximately $30,000. Park Square Financial Group LLC acquired a new stake in Accenture during the 4th quarter worth approximately $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture during the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture during the 1st quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC acquired a new stake in Accenture during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Stock Down 2.3%

Shares of ACN traded down $5.60 during midday trading on Friday, reaching $238.55. 5,636,222 shares of the company were exchanged, compared to its average volume of 3,644,348. The stock has a 50-day moving average price of $263.21 and a 200-day moving average price of $292.74. The company has a market cap of $149.41 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.05 and a beta of 1.30. Accenture PLC has a 1-year low of $236.67 and a 1-year 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 issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 26.55% and a net margin of 11.61%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the business'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 transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% 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, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction dated Friday, July 11th. The stock was 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 owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. 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. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACN has been the subject of several recent analyst reports. Barclays reduced their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Benchmark reissued a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Argus set a $370.00 price objective on Accenture in a report on Tuesday, June 24th. Hsbc Global Res raised Accenture to a "moderate sell" rating in a report on Monday, July 28th. Finally, Rothschild & Co Redburn cut Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price objective for the company. in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $346.92.

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.