Focus Partners Advisor Solutions LLC Has $2.96 Million Stock Position in Accenture PLC $ACN

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Accenture PLC by 37.1%, owning 9,470 shares worth approximately $2.96 million as of the last quarter, highlighting growing institutional interest in the company.
• Accenture reported earnings of $3.49 EPS, surpassing analyst expectations of $3.32 EPS, with revenues of $17.73 billion, reflecting a 7.7% year-over-year increase.
• Accenture's latest quarterly dividend was $1.48 per share, yielding 2.3%, while maintaining a payout ratio of 47.13%.

Focus Partners Advisor Solutions LLC grew its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 37.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,470 shares of the information technology services provider's stock after purchasing an additional 2,564 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Accenture were worth $2,955,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other Accenture 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 value of $57,315.02. Following the sale, the insider directly owned 5,249 shares of the company's stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $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. Insiders have sold 2,954 shares of company stock valued at $834,280 over the last three months. Company insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ACN shares. UBS Group reiterated a "buy" rating and issued a $395.00 price objective (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Rothschild & Co Redburn lowered shares of Accenture from a "buy" rating to a "neutral" rating and set a $250.00 target price on the stock. in a research report on Wednesday. Rothschild Redb downgraded Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Benchmark reissued a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. Finally, Barclays dropped their price objective on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $353.76.

Accenture Stock Up 0.7%

NYSE ACN traded up $1.65 on Friday, hitting $254.59. 4,235,857 shares of the stock traded hands, compared to its average volume of 3,641,824. The stock has a 50-day moving average of $268.80 and a 200 day moving average of $298.01. Accenture PLC has a twelve month low of $236.67 and a twelve month high of $398.35. The company has a market capitalization of $159.45 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. 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 posted its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (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 the consensus estimate of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $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 expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, July 10th. Accenture's payout ratio is presently 47.13%.

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.