Park National Corp OH Raises Stock Holdings in Accenture PLC $ACN

Key Points

• Park National Corp OH increased its stake in Accenture PLC by 4.3%, acquiring an additional 5,388 shares during the second quarter, bringing its total holdings to 129,667 shares worth approximately $38.76 million.
• Multiple large institutional investors have made significant changes to their positions in Accenture, with Vanguard Group increasing its holdings by 5.7% and Price T Rowe Associates growing theirs by 63.9% in the first quarter.
• Accenture reported earnings of $3.49 per share for the latest quarter, exceeding analysts' expectations, while its revenue rose 7.7% year-over-year to $17.73 billion.

Park National Corp OH grew its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,667 shares of the information technology services provider's stock after acquiring an additional 5,388 shares during the quarter. Accenture comprises approximately 1.3% of Park National Corp OH's portfolio, making the stock its 20th biggest position. Park National Corp OH's holdings in Accenture were worth $38,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Visionary Wealth Advisors increased its holdings in Accenture by 3.5% in the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock worth $274,000 after buying an additional 26 shares in the last quarter. Vivaldi Capital Management LP grew its stake in shares of Accenture by 3.6% during the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after purchasing an additional 27 shares during the period. Sentinus LLC grew its stake in shares of Accenture by 4.2% during the 4th quarter. Sentinus LLC now owns 763 shares of the information technology services provider's stock valued at $268,000 after purchasing an additional 31 shares during the period. Stonebrook Private Inc. grew its stake in shares of Accenture by 3.1% during the 4th quarter. Stonebrook Private Inc. now owns 1,103 shares of the information technology services provider's stock valued at $388,000 after purchasing an additional 33 shares during the period. Finally, Viawealth LLC grew its stake in shares of Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock valued at $408,000 after purchasing an additional 33 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Accenture Price Performance

NYSE ACN traded down $1.29 during trading hours on Tuesday, reaching $236.58. The company's stock had a trading volume of 6,462,362 shares, compared to its average volume of 3,724,821. The firm's 50-day moving average price is $261.96 and its 200-day moving average price is $291.97. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 1 year low of $235.83 and a 1 year high of $398.35. The company has a market capitalization of $148.18 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.05 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter in the previous year, the company posted $3.13 EPS. The company'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. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Analyst Ratings Changes

ACN has been the subject of a number of recent research reports. Barclays cut their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Guggenheim lowered their price objective on Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. Evercore ISI initiated coverage on Accenture in a research report on Thursday, July 17th. They set an "outperform" rating and a $330.00 price objective on the stock. HSBC initiated coverage on Accenture in a research report on Monday, July 28th. They set a "reduce" rating and a $240.00 price objective on the stock. Finally, Hsbc Global Res raised Accenture to a "moderate sell" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $342.72.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Beatty sold 203 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 5,249 shares of the company's stock, valued at $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last quarter. 0.02% of the stock is owned by 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.