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

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACN. HSBC assumed coverage on shares of Accenture in a research report on Monday, July 28th. They set a "reduce" rating and a $240.00 price objective for the company. Robert W. Baird cut their target price on shares of Accenture from $372.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, September 16th. Rothschild Redb downgraded shares of Accenture from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Barclays dropped their price objective on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Finally, Rothschild & Co Redburn boosted their target price on shares of Accenture from $250.00 to $255.00 in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $335.61.

Insiders Place Their Bets

In related news, CEO Mauro Macchi sold 500 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares of the company's stock, valued at $644,582.22. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

Accenture stock traded down $0.27 during trading hours on Monday, hitting $239.44. The stock had a trading volume of 2,277,857 shares, compared to its average volume of 3,663,340. The stock's fifty day moving average is $257.73 and its two-hundred day moving average is $289.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Accenture PLC has a 1-year low of $234.18 and a 1-year high of $398.35. The stock has a market capitalization of $149.97 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.07 and a beta of 1.29.

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

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.