Thurston Springer Miller Herd & Titak Inc. Acquires 6,134 Shares of Accenture PLC $ACN

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Accenture PLC by 51.0%, acquiring an additional 6,134 shares, bringing its total holdings to 18,154 shares valued at approximately $5.43 million.
• Accenture's stock is currently down 2.3%, trading around $238.55, with a 1-year high of $398.35 and a market capitalization of $149.41 billion.
• The company reported better-than-expected earnings of $3.49 per share, exceeding estimates by $0.17, and revenue of $17.73 billion for the most recent quarter, reflecting a 7.7% year-over-year increase.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 51.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,154 shares of the information technology services provider's stock after acquiring an additional 6,134 shares during the quarter. Accenture accounts for about 0.7% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 23rd largest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Accenture were worth $5,426,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Visionary Wealth Advisors boosted its stake in shares of Accenture by 3.5% in the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after purchasing an additional 26 shares during the last quarter. Vivaldi Capital Management LP boosted its stake in shares of Accenture by 3.6% in the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after purchasing an additional 27 shares during the last quarter. Sentinus LLC boosted its stake in shares of Accenture by 4.2% in the 4th quarter. Sentinus LLC now owns 763 shares of the information technology services provider's stock valued at $268,000 after purchasing an additional 31 shares during the last quarter. Stonebrook Private Inc. boosted its stake in shares of Accenture by 3.1% in the 4th quarter. Stonebrook Private Inc. now owns 1,103 shares of the information technology services provider's stock valued at $388,000 after purchasing an additional 33 shares during the last quarter. Finally, Viawealth LLC boosted its stake in shares of Accenture by 2.6% in the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock valued at $408,000 after purchasing an additional 33 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Stock Down 2.3%

Accenture stock opened at $238.55 on Friday. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35. The firm has a market capitalization of $149.41 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.29. The firm's fifty day moving average price is $263.21 and its two-hundred day moving average price is $293.19. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

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

Insider Activity at Accenture

In related news, insider Angela Beatty sold 203 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company's stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mauro Macchi sold 500 shares of the firm's 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 transaction, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 over the last ninety days. Corporate insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ACN shares. UBS Group restated a "buy" rating and issued a $395.00 price target (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Guggenheim reduced their price target on shares of Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a report on Monday, June 23rd. JPMorgan Chase & Co. reduced their price target on shares of Accenture from $334.00 to $302.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Accenture from $290.00 to $260.00 and set a "hold" rating for the company in a report on Thursday. Finally, Morgan Stanley reduced their price target on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $346.92.

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.

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