Flputnam Investment Management Co. decreased its position in Accenture PLC (NYSE:ACN - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 118,394 shares of the information technology services provider's stock after selling 1,899 shares during the period. Flputnam Investment Management Co.'s holdings in Accenture were worth $36,944,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of ACN. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $2,793,889,000 after acquiring an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. lifted its stake in Accenture by 5.7% in the 1st 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 in the last quarter. GAMMA Investing LLC lifted its stake in Accenture by 30,256.8% in the 1st quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider's stock valued at $1,067,651,000 after acquiring an additional 3,410,248 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Accenture by 2,782.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider's stock valued at $450,985,000 after acquiring an additional 1,395,135 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Accenture in the 4th quarter valued at approximately $225,217,000. Institutional investors own 75.14% of the company's stock.
Accenture Stock Performance
Shares of NYSE ACN opened at $260.12 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The stock's fifty day moving average price is $272.89 and its two-hundred day moving average price is $301.99. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. The firm has a market cap of $162.92 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 2.37 and a beta of 1.29.
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, beating analysts' consensus estimates 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 analyst estimates of $17.26 billion. During the same period in the prior year, the firm posted $3.13 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities analysts forecast that Accenture PLC will post 12.73 EPS for the current year.
Accenture Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend 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 Ratings Changes
Several research firms have weighed in on ACN. Guggenheim lowered their price target on Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. JPMorgan Chase & Co. lowered their price target on Accenture from $334.00 to $302.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. HSBC initiated coverage on Accenture in a research report on Monday, July 28th. They set a "reduce" rating and a $240.00 price target on the stock. UBS Group reissued a "buy" rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Finally, Hsbc Global Res raised Accenture to a "moderate sell" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Accenture has an average rating of "Moderate Buy" and a consensus price target of $358.08.
Get Our Latest Report on Accenture
Insider Transactions at Accenture
In other news, insider Angela Beatty sold 203 shares of the 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 sale, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer directly owned 8,109 shares in the company, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is owned by corporate insiders.
Accenture Company Profile
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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.
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