Schwerin Boyle Capital Management Inc. Has $36.06 Million Stake in Accenture PLC $ACN

Key Points

• Schwerin Boyle Capital Management Inc. reduced its stake in Accenture PLC by 1.1%, owning 115,574 shares valued at approximately $36.06 million, making it the 6th largest position in their portfolio.
• Multiple institutional investors, including Brighton Jones LLC and Renaissance Technologies LLC, have made significant adjustments to their positions, with Brighton Jones growing its holdings by 36.2% in the last quarter.
• Accenture recently reported earnings that surpassed analysts' expectations, with a 7.7% year-over-year revenue increase, alongside a quarterly dividend of $1.48 per share.

Schwerin Boyle Capital Management Inc. cut its stake in Accenture PLC (NYSE:ACN - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,574 shares of the information technology services provider's stock after selling 1,241 shares during the period. Accenture comprises about 3.7% of Schwerin Boyle Capital Management Inc.'s investment portfolio, making the stock its 6th largest position. Schwerin Boyle Capital Management Inc.'s holdings in Accenture were worth $36,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of 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 buying an additional 4,905 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Accenture in the fourth quarter worth about $317,000. Boothbay Fund Management LLC raised its position in shares of Accenture by 4.3% in the 4th quarter. Boothbay Fund Management LLC now owns 2,285 shares of the information technology services provider's stock valued at $804,000 after purchasing an additional 94 shares during the last quarter. Quarry LP boosted its stake in Accenture by 11.5% in the 4th quarter. Quarry LP now owns 700 shares of the information technology services provider's stock worth $246,000 after purchasing an additional 72 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Accenture by 3.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 801,295 shares of the information technology services provider's stock worth $281,888,000 after buying an additional 24,386 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

Wall Street Analyst Weigh In

ACN has been the topic of several research analyst reports. BMO Capital Markets dropped their price target on Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a research note on Monday, June 23rd. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Guggenheim cut their price target on Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. JPMorgan Chase & Co. lowered their price target on Accenture from $334.00 to $302.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Finally, HSBC initiated coverage on Accenture in a research note on Monday, July 28th. They set a "reduce" rating and a $240.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $358.08.

Accenture Stock Up 1.9%

ACN stock opened at $258.8940 on Monday. The firm has a market cap of $162.15 billion, a PE ratio of 20.61, a PEG ratio of 2.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. The firm's 50 day moving average price is $277.65 and its 200-day moving average price is $305.97.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $17.26 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. Accenture's revenue for the quarter 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 anticipate that Accenture PLC will post 12.73 EPS 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 paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, July 10th. Accenture's dividend payout ratio is currently 47.13%.

Insider Buying and Selling

In other Accenture news, CEO Mauro Macchi sold 500 shares of the firm's stock in a transaction dated 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 approximately $644,582.22. This trade represents a 17.97% 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, insider Angela Beatty sold 203 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 in the last ninety days. 0.02% of the stock is owned by corporate 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.

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