SRN Advisors LLC Sells 1,343 Shares of Accenture PLC $ACN

Key Points

• SRN Advisors LLC decreased its stake in **Accenture PLC** by **20.2%**, holding **5,299 shares** valued at approximately **$1.65 million**, making it the firm's **8th largest holding**.
• Accenture reported a **Q2 earnings** of **$3.49 per share**, beating estimates, with **revenue** of **$17.73 billion**, a **7.7% increase** year-over-year.
• The company recently declared a quarterly dividend of **$1.48 per share**, with a dividend yield of **2.3%**, and a payout ratio of **47.13%**.

SRN Advisors LLC decreased its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 20.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,299 shares of the information technology services provider's stock after selling 1,343 shares during the quarter. Accenture comprises approximately 1.8% of SRN Advisors LLC's holdings, making the stock its 8th biggest holding. SRN Advisors LLC's holdings in Accenture were worth $1,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock worth $19,912,594,000 after purchasing an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Accenture by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock valued at $2,111,378,000 after purchasing an additional 228,939 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Accenture by 9.9% in 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 valued at $2,123,702,000 after purchasing an additional 545,109 shares during the period. Finally, Charles Schwab Investment Management Inc. increased 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 valued at $1,600,470,000 after acquiring an additional 164,573 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACN has been the topic of a number of research analyst reports. UBS Group reiterated a "buy" rating and set a $395.00 price objective (up previously from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Evercore ISI started coverage on shares of Accenture in a report on Thursday, July 17th. They set an "outperform" rating and a $330.00 price target on the stock. Benchmark reiterated a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a report on Monday, July 28th. Finally, BMO Capital Markets dropped their target price on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Accenture has an average rating of "Moderate Buy" and an average price target of $353.76.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer directly owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company's stock.

Accenture Stock Performance

Shares of NYSE:ACN traded down $2.41 on Wednesday, hitting $253.76. 2,915,870 shares of the company were exchanged, compared to its average volume of 3,538,851. The company's 50 day moving average price is $271.30 and its two-hundred day moving average price is $300.18. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. 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 firm has a market capitalization of $158.94 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.23 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating 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 business had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same period in the previous year, the business earned $3.13 EPS. The firm'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. Research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, July 10th. Accenture's payout ratio is 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.