Focus Partners Wealth Grows Stake in Accenture PLC $ACN

Key Points

• Focus Partners Wealth increased its stake in Accenture PLC by 4.5% in Q1, owning approximately 432,652 shares valued at $135 million as reported in its recent SEC filing.
• Accenture's quarterly earnings surpassed analysts' expectations, achieving $3.49 earnings per share and revenue of $17.73 billion, marking a 7.7% year-over-year growth.
• Accenture recently declared a quarterly dividend of $1.48 per share, resulting in an annualized yield of 2.3%, with a dividend payout ratio of 47.13%.

Focus Partners Wealth lifted its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,652 shares of the information technology services provider's stock after purchasing an additional 18,598 shares during the period. Focus Partners Wealth owned about 0.07% of Accenture worth $135,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ACN. Price T Rowe Associates Inc. MD increased its stake in shares of Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock worth $2,793,889,000 after purchasing an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock worth $19,912,594,000 after purchasing an additional 3,419,577 shares in the last quarter. GAMMA Investing LLC grew its stake in Accenture by 30,256.8% during 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. grew its stake in Accenture by 2,782.1% during 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 purchased a new stake in Accenture during the 4th quarter valued at about $225,217,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

NYSE:ACN opened at $252.07 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $157.88 billion, a P/E ratio of 20.07, a PEG ratio of 2.19 and a beta of 1.30. The company has a 50 day moving average price of $266.92 and a 200 day moving average price of $295.69. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during 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 firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Mauro Macchi sold 500 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were 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 owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 203 shares of the 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 $57,315.02. Following the transaction, the insider directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Accenture from $334.00 to $302.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. TD Cowen dropped their price objective on shares of Accenture from $342.00 to $313.00 and set a "buy" rating for the company in a research note on Tuesday. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. Morgan Stanley dropped their price target on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Accenture in a research note on Thursday, July 17th. They issued a "hold" rating and a $290.00 price target for the company. One equities research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of "Moderate Buy" and an average target price of $348.12.

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.

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