Korea Investment CORP Has $136.08 Million Stock Position in Accenture PLC $ACN

Key Points

• Korea Investment CORP reduced its holdings in Accenture PLC by 6.0%, now owning approximately 0.07% of the company, valued at $136.08 million.
• Multiple hedge funds adjusted their positions in Accenture, with Lipe & Dalton significantly increasing its stake by 2,087.4% during the same quarter.
• Accenture reported a quarterly earnings per share of $3.49, exceeding analysts' expectations, and announced a $1.48 per share dividend, highlighting a dividend yield of 2.4%.

Korea Investment CORP lowered its position in Accenture PLC (NYSE:ACN - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 436,089 shares of the information technology services provider's stock after selling 28,016 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Accenture worth $136,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture during the fourth quarter worth $30,000. Park Square Financial Group LLC purchased a new position in Accenture during the 4th quarter worth $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture in the 1st quarter worth $32,000. Capital A Wealth Management LLC acquired a new position in shares of Accenture during the fourth quarter worth about $34,000. Finally, Navigoe LLC purchased a new position in Accenture during the fourth quarter worth about $37,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Up 1.9%

Shares of ACN stock traded up $4.9040 during trading hours on Friday, reaching $258.8940. The company had a trading volume of 3,102,367 shares, compared to its average volume of 3,557,897. The company has a market capitalization of $162.15 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture PLC has a twelve month low of $236.67 and a twelve month high of $398.35. The stock's fifty day simple moving average is $278.70 and its 200 day simple moving average is $308.07.

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 (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter last year, the company earned $3.13 earnings per share. Accenture's revenue for the quarter 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, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have issued reports on ACN shares. Guggenheim dropped their target price on Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. UBS Group reissued a "buy" rating and issued a $395.00 target price (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Hsbc Global Res raised shares of Accenture to a "moderate sell" rating in a research note on Monday, July 28th. Argus set a $370.00 target price on Accenture in a research report on Tuesday, June 24th. Finally, HSBC started coverage on Accenture in a research note on Monday, July 28th. They set a "reduce" rating and a $240.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $358.08.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by 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.