NewEdge Advisors LLC Has $21.01 Million Holdings in Accenture PLC $ACN

Key Points

• NewEdge Advisors LLC sold 8,211 shares of Accenture PLC, reducing its holdings by 10.9%, leaving it with 67,344 shares valued at approximately $21 million.
• Accenture reported $3.49 earnings per share for its latest quarter, exceeding analyst estimates of $3.32, with revenue of $17.73 billion, reflecting a year-over-year increase of 7.7%.
• The company declared a quarterly dividend of $1.48, translating to an annualized yield of 2.3%, with a payout ratio of 47.13%.

NewEdge Advisors LLC cut its stake in Accenture PLC (NYSE:ACN - Free Report) by 10.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,344 shares of the information technology services provider's stock after selling 8,211 shares during the period. NewEdge Advisors LLC's holdings in Accenture were worth $21,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACN. Brighton Jones LLC boosted its stake in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock worth $6,486,000 after purchasing an additional 4,905 shares during the period. CoreCap Advisors LLC boosted its stake in shares of Accenture by 31.7% during the 4th quarter. CoreCap Advisors LLC now owns 1,089 shares of the information technology services provider's stock worth $383,000 after buying an additional 262 shares during the last quarter. Fred Alger Management LLC boosted its stake in shares of Accenture by 604.3% during the 4th quarter. Fred Alger Management LLC now owns 24,039 shares of the information technology services provider's stock worth $8,457,000 after buying an additional 20,626 shares during the last quarter. Ethic Inc. boosted its stake in shares of Accenture by 10.0% during the 4th quarter. Ethic Inc. now owns 70,064 shares of the information technology services provider's stock worth $24,648,000 after buying an additional 6,358 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Accenture by 84.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 335,890 shares of the information technology services provider's stock worth $118,163,000 after buying an additional 153,680 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction dated Friday, July 11th. The shares were 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 of the company's stock, valued at $2,290,387.05. This represents a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock valued at $834,280 in the last three months. 0.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ACN shares. HSBC started coverage on shares of Accenture in a research note on Monday, July 28th. They set a "reduce" rating and a $240.00 price objective for the company. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a research note on Monday, July 28th. UBS Group restated a "buy" rating and set a $395.00 price objective (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Rothschild & Co Redburn cut shares of Accenture from a "buy" rating to a "neutral" rating and set a $250.00 target price on the stock. in a report on Wednesday, September 3rd. Finally, Mizuho set a $348.00 target price on shares of Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $353.76.

Accenture Stock Performance

Accenture stock traded up $0.84 during trading hours on Monday, hitting $255.79. The company had a trading volume of 4,707,034 shares, compared to its average volume of 3,663,063. The firm has a market cap of $160.21 billion, a PE ratio of 20.37, a PEG ratio of 2.19 and a beta of 1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. The firm has a 50-day moving average of $267.93 and a 200 day moving average of $295.99.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share 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 net margin of 11.61% and a return on equity of 26.55%. The business's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

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

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.