Sumitomo Mitsui DS Asset Management Company Ltd Sells 15,754 Shares of Accenture PLC $ACN

Key Points

• Sumitomo Mitsui DS Asset Management reduced its stake in Accenture PLC by 13.8% during Q2, selling 15,754 shares and holding 98,094 shares valued at approximately $29.32 million.
• Multiple other institutional investors have adjusted their positions in Accenture, notably Sivia Capital Partners LLC increasing their holding by 46.9% during the same period.
• Accenture reported $3.49 earnings per share for the last quarter, exceeding estimates, with revenue of $17.73 billion, and set guidance for Q4 2025 at 12.770-12.890 EPS.

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Accenture PLC (NYSE:ACN - Free Report) by 13.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,094 shares of the information technology services provider's stock after selling 15,754 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Accenture were worth $29,319,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Redwood Investments LLC lifted its position in Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock valued at $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Lipe & Dalton lifted its position in Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock valued at $1,570,000 after purchasing an additional 4,801 shares during the last quarter. Intech Investment Management LLC lifted its position in Accenture by 40.5% during the first quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider's stock valued at $30,777,000 after purchasing an additional 28,446 shares during the last quarter. Park National Corp OH lifted its position in Accenture by 4.3% during the second quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider's stock valued at $38,756,000 after purchasing an additional 5,388 shares during the last quarter. Finally, Czech National Bank lifted its position in Accenture by 6.6% during the second quarter. Czech National Bank now owns 153,099 shares of the information technology services provider's stock valued at $45,760,000 after purchasing an additional 9,436 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In other news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction on 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. The trade was a 17.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 203 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. HSBC began coverage on shares of Accenture in a research report on Monday, July 28th. They set a "reduce" rating and a $240.00 target price for the company. Morgan Stanley decreased their price target on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 9th. Guggenheim decreased their price target on shares of Accenture from $335.00 to $305.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Barclays decreased their price target on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research note on Monday, June 23rd. Finally, Robert W. Baird decreased their price target on shares of Accenture from $372.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $335.61.

Accenture Trading Down 0.1%

Accenture stock traded down $0.13 during mid-day trading on Monday, reaching $239.57. 6,069,376 shares of the company traded hands, compared to its average volume of 4,401,517. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm's 50 day moving average price is $256.92 and its 200 day moving average price is $288.31. The firm has a market capitalization of $150.05 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.07 and a beta of 1.30. Accenture PLC has a 52-week low of $234.18 and a 52-week high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.13 EPS. On average, analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

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.