MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $113.92 Million Position in Accenture PLC $ACN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Accenture PLC by 18.1%, acquiring 55,849 shares in the first quarter, bringing its total ownership to approximately 365,187 shares valued at $113.9 million.
• Accenture recently reported strong earnings of $3.49 per share, exceeding estimates and showing a year-over-year revenue growth of 7.7%.
• Institutional investors hold 75.14% of Accenture's stock, indicating strong backing from large financial institutions.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 18.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 365,187 shares of the information technology services provider's stock after acquiring an additional 55,849 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Accenture worth $113,923,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACN. Price T Rowe Associates Inc. MD raised its holdings in shares of Accenture by 63.9% in 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 buying an additional 3,490,569 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Accenture by 5.7% in the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock valued at $19,912,594,000 after buying an additional 3,419,577 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Accenture by 30,256.8% in the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider's stock valued at $1,067,651,000 after buying an additional 3,410,248 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Accenture by 2,782.1% in the first quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider's stock valued at $450,985,000 after buying an additional 1,395,135 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Accenture in the fourth quarter valued at about $225,217,000. 75.14% of the stock is owned by institutional investors.

Accenture Stock Up 0.3%

Shares of NYSE:ACN traded up $0.84 during trading on Monday, hitting $255.79. 4,707,034 shares of the company's stock traded hands, compared to its average volume of 3,663,063. Accenture PLC has a 52 week low of $236.67 and a 52 week high of $398.35. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market cap of $160.21 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. The company has a 50-day moving average price of $267.93 and a 200-day moving average price of $295.99.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.32 by $0.17. The firm had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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, research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACN. Argus set a $370.00 price objective on Accenture in a research report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft began coverage on Accenture in a research report on Thursday, July 17th. They issued a "hold" rating and a $290.00 price objective for the company. Mizuho set a $348.00 price objective on Accenture and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. BMO Capital Markets lowered their price objective on Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research report on Monday, June 23rd. Finally, Benchmark restated a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Accenture currently has an average rating of "Moderate Buy" and a consensus price target of $353.76.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business'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 $141,170.00. Following the sale, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business'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 owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company's stock.

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.