Accenture PLC $ACN Shares Sold by Groupama Asset Managment

Key Points

• Groupama Asset Management has reduced its holdings in Accenture PLC by 21.6%, resulting in ownership of 10,227 shares worth approximately $3.1 million.
• Accenture reported a Q2 EPS of $3.49, exceeding analyst expectations, with a revenue of $17.73 billion, marking a 7.7% increase year-over-year.
• The company recently announced a quarterly dividend of $1.48, translating to an annual yield of 2.3%.

Groupama Asset Managment cut its position in Accenture PLC (NYSE:ACN - Free Report) by 21.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,227 shares of the information technology services provider's stock after selling 2,824 shares during the quarter. Groupama Asset Managment's holdings in Accenture were worth $3,112,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in Accenture during the 4th quarter worth $30,000. Park Square Financial Group LLC acquired a new position in Accenture during the 4th quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new position in Accenture during the 1st quarter valued at about $32,000. Capital A Wealth Management LLC acquired a new position in Accenture during the 4th quarter valued at about $34,000. Finally, Navigoe LLC acquired a new position in Accenture during the 4th quarter valued at about $37,000. 75.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 203 shares of the business's 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 completion of the sale, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company's stock.

Accenture Stock Performance

Shares of NYSE ACN traded up $4.9040 during trading on Friday, reaching $258.8940. 3,102,553 shares of the company traded hands, compared to its average volume of 4,885,374. The firm's fifty day simple moving average is $277.65 and its 200 day simple moving average is $307.16. The stock has a market cap of $162.15 billion, a P/E ratio of 20.61, a PEG ratio of 2.31 and a beta of 1.29. Accenture PLC has a 12-month low of $236.67 and a 12-month 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 released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share 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 business had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. During the same quarter last year, the business posted $3.13 EPS. The company's revenue 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. As a group, research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ACN shares. Hsbc Global Res raised Accenture to a "moderate sell" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. reduced their target price on Accenture from $334.00 to $302.00 and set an "overweight" rating on the stock in a research report on Wednesday. Evercore ISI began coverage on Accenture in a research report on Thursday, July 17th. They set an "outperform" rating and a $330.00 price target for the company. Argus set a $370.00 price target on Accenture in a research report on Tuesday, June 24th. Finally, Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $358.08.

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.