224,596 Shares in Accenture PLC $ACN Bought by Strs Ohio

Strs Ohio bought a new position in shares of Accenture PLC (NYSE:ACN) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 224,596 shares of the information technology services provider’s stock, valued at approximately $70,083,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lipe & Dalton raised its holdings in Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after acquiring an additional 4,801 shares in the last quarter. Redwood Investments LLC raised its holdings in Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after acquiring an additional 1,287 shares in the last quarter. United Bank bought a new stake in Accenture during the first quarter worth about $758,000. Exchange Traded Concepts LLC raised its holdings in Accenture by 62.2% during the first quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider’s stock worth $282,000 after acquiring an additional 347 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in Accenture during the first quarter worth about $35,934,000. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ACN. JPMorgan Chase & Co. lowered their price target on Accenture from $334.00 to $302.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. UBS Group reiterated a “buy” rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Accenture in a research note on Thursday, July 17th. They issued a “hold” rating and a $290.00 price objective for the company. Finally, Hsbc Global Res raised shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $348.12.

Accenture Stock Down 3.6%

ACN opened at $243.01 on Thursday. The company has a market cap of $152.21 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.16 and a beta of 1.29. The business’s 50-day moving average price is $265.74 and its 200-day moving average price is $295.32. 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 PLC has a 12 month low of $236.67 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm 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 analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 10th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, July 10th. Accenture’s dividend payout ratio (DPR) is 47.13%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Angela Beatty sold 203 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% 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. Corporate insiders own 0.02% of the company’s stock.

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.