Ilmarinen Mutual Pension Insurance Co Boosts Position in Accenture PLC $ACN

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Accenture PLC by 7.9%, totaling 102,500 shares valued at approximately $31.98 million, according to its latest SEC filing.
• Accenture's recent earnings report revealed an EPS of $3.49, exceeding analysts' estimates by $0.17, alongside a quarterly revenue of $17.73 billion, which was above expectations.
• The company declared a quarterly dividend of $1.48 per share, reflecting a 2.3% yield, with a payout ratio currently at 47.13%.

Ilmarinen Mutual Pension Insurance Co grew its stake in Accenture PLC (NYSE:ACN - Free Report) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,500 shares of the information technology services provider's stock after acquiring an additional 7,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Accenture were worth $31,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Graham Capital Management L.P. bought a new position in Accenture in the fourth quarter worth approximately $1,484,000. Jefferies Financial Group Inc. lifted its holdings in Accenture by 348.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 9,894 shares of the information technology services provider's stock worth $3,481,000 after buying an additional 7,688 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Accenture by 9.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 309,338 shares of the information technology services provider's stock valued at $108,824,000 after acquiring an additional 26,752 shares during the period. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Accenture in the 4th quarter worth $2,114,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 1.4%

ACN stock opened at $252.07 on Wednesday. The company has a market capitalization of $157.88 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. Accenture PLC has a 12 month low of $236.67 and a 12 month high of $398.35. The firm's fifty day simple moving average is $266.92 and its 200-day simple moving average is $295.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The company had revenue of $17.73 billion during 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 firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period 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. As a group, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared 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. This represents a $5.92 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, July 10th. Accenture's dividend payout ratio (DPR) is currently 47.13%.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent research reports. HSBC started coverage on Accenture in a research report on Monday, July 28th. They set a "reduce" rating and a $240.00 price objective on the stock. Evercore ISI assumed coverage on shares of Accenture in a research report on Thursday, July 17th. They issued an "outperform" rating and a $330.00 price objective on the stock. Barclays decreased their target price on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research report on Monday, June 23rd. Guggenheim reduced 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. Finally, Hsbc Global Res upgraded Accenture to a "moderate sell" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Accenture has a consensus rating of "Moderate Buy" and a consensus target price of $348.12.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction that occurred 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 owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 203 shares of Accenture 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 $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is owned by company insiders.

Accenture Company 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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