PharVision Advisers LLC Takes Position in Accenture PLC $ACN

Key Points

• PharVision Advisers LLC has acquired a stake in Accenture PLC, purchasing 1,221 shares valued at approximately $381,000 in the first quarter.
• Accenture's CEO and an insider sold shares recently, resulting in notable decreases in their holdings, with insiders selling a total of 2,954 shares valued at $834,280 in the last 90 days.
• Accenture reported strong quarterly earnings with an EPS of $3.49, surpassing expectations, and also declared a quarterly dividend of $1.48 per share with a yield of 2.3% for investors.

PharVision Advisers LLC bought a new stake in Accenture PLC (NYSE:ACN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,221 shares of the information technology services provider's stock, valued at approximately $381,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture during the fourth quarter worth $30,000. Park Square Financial Group LLC acquired a new stake in shares of Accenture during the fourth quarter worth $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture during the first quarter worth $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture during the first quarter worth $32,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Accenture during the fourth quarter worth $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACN has been the subject of a number of analyst reports. Argus set a $370.00 price objective on Accenture in a research note on Tuesday, June 24th. HSBC started coverage on Accenture in a report on Monday, July 28th. They set a "reduce" rating and a $240.00 target price on the stock. Rothschild & Co Redburn lowered 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. Rothschild Redb lowered Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Finally, Morgan Stanley reduced their target price on Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $353.76.

Accenture Stock Up 0.3%

ACN traded up $0.84 on Monday, hitting $255.79. 4,707,034 shares of the company were exchanged, compared to its average volume of 3,663,063. Accenture PLC has a 12 month low of $236.67 and a 12 month high of $398.35. The company 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 quick ratio of 1.46 and a current ratio of 1.46. The stock's fifty day moving average is $267.93 and its 200-day moving average is $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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $17.26 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. Accenture's revenue was up 7.7% on a year-over-year basis. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 10th. Accenture's payout ratio is 47.13%.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 203 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 transaction of $57,315.02. Following the transaction, the insider owned 5,249 shares of the company's stock, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents 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 over the last 90 days. 0.02% of the stock is currently owned by insiders.

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.