Unisphere Establishment Has $6.74 Million Holdings in Accenture PLC $ACN

Key Points

• Unisphere Establishment increased its stake in Accenture PLC by 15.5% during the first quarter, owning 21,600 shares valued at approximately $6.74 million.
• Accenture reported a quarterly EPS of $3.49, exceeding analysts' expectations of $3.32, alongside a revenue of $17.73 billion, a 7.7% year-over-year increase.
• The company announced a quarterly dividend of $1.48 per share, with a payout ratio of 47.13% and an annualized dividend yield of 2.3%.

Unisphere Establishment raised its position in Accenture PLC (NYSE:ACN - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,600 shares of the information technology services provider's stock after buying an additional 2,900 shares during the quarter. Unisphere Establishment's holdings in Accenture were worth $6,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock worth $2,793,889,000 after buying an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock worth $19,912,594,000 after purchasing an additional 3,419,577 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Accenture by 30,256.8% during the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider's stock valued at $1,067,651,000 after buying an additional 3,410,248 shares during the period. Pacer Advisors Inc. grew its holdings in Accenture by 2,782.1% in the first quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider's stock valued at $450,985,000 after purchasing an additional 1,395,135 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Accenture in the fourth quarter valued at approximately $225,217,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In related news, insider Angela Beatty sold 203 shares of the company's 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 completion of the transaction, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares of the company's stock, valued at $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last three months. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research reports. Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. Rothschild Redb downgraded Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Mizuho set a $348.00 target price on Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. Rothschild & Co Redburn lowered Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price objective for the company. in a report on Wednesday. Finally, Guggenheim decreased their price objective on Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $353.76.

Accenture Price Performance

Shares of NYSE ACN traded up $1.65 during midday trading on Friday, reaching $254.59. The company's stock had a trading volume of 4,235,857 shares, compared to its average volume of 3,641,824. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. The company has a 50 day moving average price of $268.80 and a 200 day moving average price of $298.01. The company has a market cap of $159.45 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. 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 announced 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. The firm had revenue of $17.73 billion during 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 business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 10th were issued 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 yield of 2.3%. Accenture's dividend payout ratio (DPR) is 47.13%.

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.