OMERS ADMINISTRATION Corp Buys 2,937 Shares of Accenture PLC $ACN

Key Points

• OMERS Administration Corp has increased its stake in Accenture PLC by 0.9%, owning 345,172 shares valued at approximately $107.7 million after acquiring an additional 2,937 shares in Q1.
• Other institutional investors, including Vanguard and Price T Rowe Associates, also raised their holdings in Accenture, with a significant 63.9% growth in Price T Rowe Associates' position.
• Despite recent analyst target price cuts, Accenture has maintained a consensus rating of "Moderate Buy" with a price target of around $358.08, reflecting optimism about its future performance.

OMERS ADMINISTRATION Corp boosted its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,172 shares of the information technology services provider's stock after purchasing an additional 2,937 shares during the period. OMERS ADMINISTRATION Corp owned about 0.06% of Accenture worth $107,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lipe & Dalton increased its holdings in shares of Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock worth $1,570,000 after buying an additional 4,801 shares in the last quarter. Alteri Wealth LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $321,000. United Bank acquired a new stake in shares of Accenture in the first quarter valued at approximately $758,000. Exchange Traded Concepts LLC increased its holdings in shares of Accenture by 62.2% in the first quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock valued at $282,000 after purchasing an additional 347 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $317,000. Institutional investors own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research reports. Barclays lowered their price target on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Hsbc Global Res raised shares of Accenture to a "moderate sell" rating in a report on Monday, July 28th. Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. Benchmark reissued a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Finally, Guggenheim reduced their price objective on shares of Accenture from $360.00 to $335.00 and set a "buy" 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 assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $358.08.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company's stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business's 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 sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. 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 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Accenture Trading Up 1.5%

Shares of NYSE ACN traded up $3.95 during midday trading on Monday, reaching $260.12. 2,805,715 shares of the stock were exchanged, compared to its average volume of 4,557,785. The business has a 50-day simple moving average of $272.89 and a two-hundred day simple moving average of $301.38. The company has a market capitalization of $162.92 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 2.37 and a beta of 1.30. Accenture PLC has a 12 month low of $236.67 and a 12 month high of $398.35. 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 (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. The company 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared 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. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 10th. Accenture's dividend payout ratio (DPR) is currently 47.13%.

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.