Jones Financial Companies Lllp Has $7.67 Million Holdings in Accenture PLC $ACN

Key Points

• Jones Financial Companies Lllp reduced its stake in Accenture PLC by 43.9%, selling 20,310 shares in the first quarter, leaving it with a valuation of $7,665,000 in the company.
• Accenture reported earnings of $3.49 per share for the last quarter, exceeding estimates, and had a revenue of $17.73 billion, showing a year-over-year increase of 7.7%.
• The company's stock garnered mixed ratings from analysts, with a consensus target price of $348.12, and 1 "Sell", 9 "Hold", and 15 "Buy" recommendations.

Jones Financial Companies Lllp reduced its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 43.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,977 shares of the information technology services provider's stock after selling 20,310 shares during the period. Jones Financial Companies Lllp's holdings in Accenture were worth $7,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in Accenture during the 4th quarter worth approximately $30,000. Park Square Financial Group LLC acquired a new stake in Accenture during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Accenture during the 4th quarter worth approximately $34,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture during the 1st quarter worth approximately $31,000. Finally, Inlight Wealth Management LLC acquired a new stake in Accenture during the 1st quarter worth approximately $32,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction dated 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 approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was 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. The trade was a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACN. Rothschild Redb cut Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. BMO Capital Markets lowered their price objective on Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on Accenture from $290.00 to $260.00 and set a "hold" rating on the stock in a research note on Thursday. Hsbc Global Res upgraded Accenture to a "moderate sell" rating in a research note on Monday, July 28th. Finally, UBS Group reiterated a "buy" rating and issued a $395.00 price target (up previously from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $346.92.

Accenture Price Performance

ACN stock traded down $5.60 during midday trading on Friday, reaching $238.55. 5,636,222 shares of the stock were exchanged, compared to its average volume of 3,573,657. The stock has a market capitalization of $149.41 billion, a PE ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29. Accenture PLC has a 52 week low of $236.67 and a 52 week high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company has a fifty day moving average price of $263.21 and a 200 day moving average price of $293.64.

Accenture (NYSE:ACN - Get Free Report) last issued 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 business had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.Accenture's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

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.