Vident Advisory LLC Purchases 10,381 Shares of Accenture PLC $ACN

Key Points

• Vident Advisory LLC increased its holdings in Accenture PLC by 70.3% during the first quarter, acquiring a total of 25,144 shares valued at approximately $7.8 million.
• Accenture recently reported earnings of $3.49 per share, exceeding analysts' estimates, with a revenue of $17.73 billion for the quarter, marking a 7.7% year-over-year increase.
• The company announced a quarterly dividend of $1.48, resulting in an annualized dividend of $5.92 and a yield of 2.3%.

Vident Advisory LLC increased its position in Accenture PLC (NYSE:ACN - Free Report) by 70.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,144 shares of the information technology services provider's stock after purchasing an additional 10,381 shares during the quarter. Vident Advisory LLC's holdings in Accenture were worth $7,847,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction on 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 directly owned 8,109 shares of the company's stock, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 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 $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is owned by insiders.

Accenture Stock Down 0.9%

Shares of ACN traded down $2.41 on Wednesday, hitting $253.76. The company's stock had a trading volume of 2,912,612 shares, compared to its average volume of 3,531,886. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average price is $271.30 and its 200-day moving average price is $300.18. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week high of $398.35. The firm has a market capitalization of $158.94 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.23 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.32 by $0.17. The firm had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Investors of record on Thursday, July 10th were issued a dividend of $1.48 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACN. Hsbc Global Res raised Accenture to a "moderate sell" rating in a report on Monday, July 28th. BMO Capital Markets cut their price target on Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a report on Monday, June 23rd. UBS Group reaffirmed 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. Rothschild & Co Redburn cut Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price target for the company. in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Accenture in a research report on Thursday, July 17th. They issued a "hold" rating and a $290.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $353.76.

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.