MBB Public Markets I LLC Acquires Shares of 1,046 Accenture PLC $ACN

Key Points

• MBB Public Markets I LLC acquired a new stake in Accenture PLC, purchasing 1,046 shares valued at approximately $326,000 in the first quarter.
• Accenture reported earnings of $3.49 per share, exceeding analyst expectations, and achieved a revenue of $17.73 billion for the quarter.
• The company declared a quarterly dividend of $1.48 per share, representing a 2.3% dividend yield on an annualized basis.

MBB Public Markets I LLC acquired a new position in Accenture PLC (NYSE:ACN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,046 shares of the information technology services provider's stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Accenture by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock worth $19,912,594,000 after buying an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Accenture by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock valued at $2,111,378,000 after acquiring an additional 228,939 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Accenture by 9.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,036,845 shares of the information technology services provider's stock worth $2,123,702,000 after acquiring an additional 545,109 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Accenture by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock worth $1,600,470,000 after buying an additional 164,573 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

ACN stock traded down $5.60 during trading on Friday, hitting $238.55. The stock had a trading volume of 5,636,222 shares, compared to its average volume of 3,580,306. The company's 50 day moving average price is $264.53 and its two-hundred day moving average price is $294.50. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $149.41 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. During the same period in the prior year, the company posted $3.13 earnings per share. The firm's quarterly 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. On average, sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACN. Benchmark restated a "mixed" rating on shares of Accenture in a report on Friday, June 20th. TD Cowen cut their price target on shares of Accenture from $342.00 to $313.00 and set a "buy" rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Accenture from $290.00 to $260.00 and set a "hold" rating on the stock in a report on Thursday. Rothschild & Co Redburn cut Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price target for the company. in a report on Wednesday, September 3rd. Finally, Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research note on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $346.92.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 203 shares of the firm'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 $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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by corporate 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.