State of Wyoming Sells 1,390 Shares of Accenture PLC $ACN

Key Points

• The State of Wyoming reduced its stock position in Accenture PLC by 42.2%, owning 1,902 shares valued at $594,000 after selling 1,390 shares in the first quarter.
• CEO Julie Spellman Sweet sold 2,251 shares for approximately $635,795, marking a 21.73% decrease in her ownership of the company stock.
• Accenture recently reported an earnings per share (EPS) of $3.49 for the quarter, exceeding estimates, and declared a quarterly dividend of $1.48 per share.

State of Wyoming lessened its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 42.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,902 shares of the information technology services provider's stock after selling 1,390 shares during the quarter. State of Wyoming's holdings in Accenture were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC acquired a new position in shares of Accenture during the 4th quarter valued at $30,000. Park Square Financial Group LLC purchased a new stake in Accenture in the 4th quarter worth approximately $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter worth $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture in the first quarter valued at approximately $32,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Accenture in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Activity

In other news, insider Angela Beatty sold 203 shares of the 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of 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 in the last 90 days. 0.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACN shares. UBS Group restated a "buy" rating and set a $395.00 price objective (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. BMO Capital Markets lowered their price objective on Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a research report on Monday, June 23rd. Rothschild & Co Redburn cut Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price objective on the stock. in a research report on Wednesday. Hsbc Global Res upgraded Accenture to a "moderate sell" rating in a research report on Monday, July 28th. Finally, Evercore ISI started 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $353.76.

Accenture Price Performance

ACN stock traded down $2.41 during midday trading on Wednesday, reaching $253.76. 1,829,428 shares of the company's stock traded hands, compared to its average volume of 3,531,886. The company has a 50-day simple moving average of $271.30 and a two-hundred day simple moving average of $300.18. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market cap 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 posted its quarterly earnings data 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 firm had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter in the prior year, the business earned $3.13 EPS. The business'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, analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were paid a $1.48 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.3%. Accenture's dividend payout ratio is 47.13%.

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.