Voleon Capital Management LP Invests $1.39 Million in Accenture PLC $ACN

Key Points

• Voleon Capital Management LP recently acquired a new position in Accenture PLC, purchasing 4,445 shares for approximately $1.39 million during the first quarter.
• Accenture reported earnings of $3.49 per share for the last quarter, exceeding analysts' expectations, with revenue reaching $17.73 billion, marking a year-over-year increase of 7.7%.
• The company announced a quarterly dividend of $1.48 per share, translating to an annualized dividend yield of 2.3%, with a payout ratio of 47.13%.

Voleon Capital Management LP purchased a new position in Accenture PLC (NYSE:ACN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,445 shares of the information technology services provider's stock, valued at approximately $1,387,000.

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Accenture in the fourth quarter worth $30,000. Park Square Financial Group LLC bought a new position in Accenture in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in Accenture in the fourth quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture in the first quarter valued at $31,000. Finally, Inlight Wealth Management LLC bought a new position in Accenture in the first quarter valued at $32,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Accenture stock opened at $255.79 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $267.93 and a 200-day moving average of $295.99. The firm has a market cap of $160.21 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.19 and a beta of 1.30. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35.

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 for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. The company had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. Accenture'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 posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, July 10th. Accenture's dividend payout ratio is currently 47.13%.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction 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. Over the last ninety days, insiders sold 2,954 shares of company stock worth $834,280. Company insiders own 0.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on ACN shares. Evercore ISI started coverage on Accenture in a research note on Thursday, July 17th. They issued an "outperform" rating and a $330.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on Accenture from $334.00 to $302.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Mizuho set a $348.00 price objective on Accenture and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Accenture in a research note on Thursday, July 17th. They set a "hold" rating and a $290.00 price objective on the stock. 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 assigned a Sell rating to the stock. According to 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.

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