Accenture PLC $ACN Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Accenture PLC by 40.5%, acquiring an additional 28,446 shares during the 1st quarter, bringing its total holdings to 98,633 shares valued at approximately $30.8 million.
• Accenture's CEO, Julie Spellman Sweet, sold 2,251 shares of the company, leading to a 21.73% decrease in her ownership, while other insiders also made notable sales during the same period.
• Accenture reported earnings of $3.49 EPS for the last quarter, surpassing expectations and reflecting a 7.7% year-over-year revenue growth, alongside a projected earnings guidance of 12.73 EPS for the current year.

Intech Investment Management LLC boosted its stake in Accenture PLC (NYSE:ACN - Free Report) by 40.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,633 shares of the information technology services provider's stock after acquiring an additional 28,446 shares during the period. Intech Investment Management LLC's holdings in Accenture were worth $30,777,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lipe & Dalton increased its position in Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock worth $1,570,000 after purchasing an additional 4,801 shares during the period. Redwood Investments LLC increased its position in Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock worth $6,892,000 after purchasing an additional 1,287 shares during the period. United Bank acquired a new position in Accenture during the 1st quarter worth approximately $758,000. Exchange Traded Concepts LLC increased its position in Accenture by 62.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock worth $282,000 after purchasing an additional 347 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new position in Accenture during the 1st quarter worth approximately $35,934,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Trading Down 2.3%

Shares of Accenture stock traded down $5.60 during trading hours on Friday, reaching $238.55. 5,636,222 shares of the company's stock were exchanged, compared to its average volume of 3,573,657. Accenture PLC has a 52-week low of $236.67 and a 52-week high of $398.35. The firm has a market capitalization of $149.41 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.29. The company has a fifty day moving average of $263.21 and a 200-day moving average of $293.64. 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 issued its quarterly earnings results 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. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the prior year, the company posted $3.13 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ACN. Morgan Stanley dropped their target price on Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a research report on Tuesday. BMO Capital Markets dropped their target price on Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a research report on Monday, June 23rd. Hsbc Global Res raised Accenture to a "moderate sell" rating in a research note on Monday, July 28th. Rothschild Redb lowered Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Rothschild & Co Redburn lowered Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price target on the stock. in a research note on Wednesday, September 3rd. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $346.92.

Insider Buying and Selling

In related 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 completion of the sale, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the sale, the chief executive officer owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by company insiders.

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.