SVB Wealth LLC Reduces Stake in Accenture PLC $ACN

Key Points

• SVB Wealth LLC reduced its stake in Accenture PLC by 18.6%, selling 14,627 shares and now holding 63,918 shares worth nearly $19.9 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, increased their positions in Accenture, indicating strong interest from major investors.
• Accenture announced a quarterly dividend of $1.48, equating to an annual yield of 2.3%, which reflects a solid commitment to returning value to shareholders.

SVB Wealth LLC cut its holdings in Accenture PLC (NYSE:ACN - Free Report) by 18.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,918 shares of the information technology services provider's stock after selling 14,627 shares during the quarter. Accenture makes up about 0.8% of SVB Wealth LLC's holdings, making the stock its 18th biggest holding. SVB Wealth LLC's holdings in Accenture were worth $19,945,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ACN. Mpwm Advisory Solutions LLC bought a new position in Accenture in the 4th quarter worth about $30,000. Park Square Financial Group LLC bought a new position in Accenture in the 4th quarter worth about $31,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture in the 1st quarter worth about $31,000. Inlight Wealth Management LLC bought a new position in Accenture in the 1st quarter worth about $32,000. Finally, Capital A Wealth Management LLC bought a new position in Accenture in the 4th quarter worth about $34,000. Institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ACN. Argus set a $370.00 target price on shares of Accenture in a research note on Tuesday, June 24th. Evercore ISI began coverage on shares of Accenture in a research note on Thursday, July 17th. They set an "outperform" rating and a $330.00 target price on the stock. HSBC began coverage on shares of Accenture in a research note on Monday, July 28th. They set a "reduce" rating and a $240.00 target price on the stock. Morgan Stanley lowered their target price on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 24th. Finally, UBS Group restated a "buy" rating and set a $395.00 target price (up previously from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $358.08.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Beatty sold 203 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,954 shares of company stock worth $834,280. Insiders own 0.02% of the company's stock.

Accenture Stock Up 0.8%

ACN traded up $1.97 on Wednesday, hitting $257.39. The company had a trading volume of 2,238,097 shares, compared to its average volume of 3,549,882. The stock has a fifty day moving average price of $275.37 and a 200-day moving average price of $304.72. Accenture PLC has a 12-month low of $236.67 and a 12-month 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 stock has a market capitalization of $161.21 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.33 and a beta of 1.29.

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

Accenture Announces Dividend

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