Nissay Asset Management Corp Japan ADV Has $53.48 Million Stake in Accenture PLC $ACN

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Accenture PLC by 94,200 shares, bringing their total to 171,395 shares valued at approximately $53.48 million.
• CEO Mauro Macchi sold 500 shares of Accenture, marking a 17.97% decrease in his position, while CEO Julie Spellman Sweet also sold 2,251 shares, resulting in a 21.73% reduction in hers.
• Accenture reported a quarterly earnings per share (EPS) of $3.49, exceeding estimates, with revenues of $17.73 billion, indicating a 7.7% year-over-year increase.

Nissay Asset Management Corp Japan ADV boosted its holdings in Accenture PLC (NYSE:ACN - Free Report) by 122.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,395 shares of the information technology services provider's stock after acquiring an additional 94,200 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Accenture were worth $53,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 worth $2,793,889,000 after buying an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Accenture by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock worth $2,111,378,000 after buying an additional 228,939 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Accenture by 9.9% during the fourth 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 buying an additional 545,109 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Accenture by 3.3% during the first 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 during the last quarter. Institutional investors own 75.14% of the company's stock.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction 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 of the company's stock, valued at $644,582.22. The trade was a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 over the last quarter. Corporate insiders own 0.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACN. JPMorgan Chase & Co. dropped their price target on shares of Accenture from $334.00 to $302.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. BMO Capital Markets lowered their target price on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research note on Monday, June 23rd. Rothschild Redb downgraded shares of Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Rothschild & Co Redburn downgraded shares of Accenture from a "buy" rating to a "neutral" rating and set a $250.00 target price for the company. in a research note on Wednesday. Finally, UBS Group reaffirmed a "buy" rating and issued a $395.00 target price (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 assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and a consensus target price of $353.76.

Accenture Stock Up 0.7%

Shares of ACN stock traded up $1.65 during trading hours on Friday, hitting $254.59. 4,235,857 shares of the company were exchanged, compared to its average volume of 3,663,063. The business has a 50 day moving average of $268.80 and a two-hundred day moving average of $296.75. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52 week low of $236.67 and a 52 week high of $398.35. The company has a market capitalization of $159.45 billion, a PE ratio of 20.27, a PEG ratio of 2.19 and a beta of 1.30.

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, topping 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 in the prior year, the firm earned $3.13 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

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

About Accenture

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.