Carderock Capital Management Inc. Acquires 883 Shares of Accenture PLC $ACN

Carderock Capital Management Inc. boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 4.1% in the first quarter, Holdings Channel.com reports. The fund owned 22,177 shares of the information technology services provider’s stock after acquiring an additional 883 shares during the quarter. Carderock Capital Management Inc.’s holdings in Accenture were worth $6,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Capital Management LLC boosted its stake in shares of Accenture by 101.9% during the first quarter. Advisors Capital Management LLC now owns 250,118 shares of the information technology services provider’s stock valued at $78,047,000 after purchasing an additional 126,241 shares during the period. SWS Partners lifted its holdings in Accenture by 4.0% during the 1st quarter. SWS Partners now owns 10,156 shares of the information technology services provider’s stock valued at $3,169,000 after buying an additional 392 shares in the last quarter. Mattson Financial Services LLC boosted its position in Accenture by 2.7% in the 1st quarter. Mattson Financial Services LLC now owns 2,866 shares of the information technology services provider’s stock valued at $894,000 after buying an additional 74 shares during the period. Acadian Asset Management LLC grew its stake in Accenture by 60.7% in the 1st quarter. Acadian Asset Management LLC now owns 103,081 shares of the information technology services provider’s stock worth $32,157,000 after acquiring an additional 38,948 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Accenture by 18.9% during the first quarter. Geneos Wealth Management Inc. now owns 16,057 shares of the information technology services provider’s stock valued at $5,011,000 after acquiring an additional 2,547 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ACN. Morgan Stanley dropped their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Hsbc Global Res raised Accenture to a “moderate sell” rating in a research report on Monday, July 28th. BMO Capital Markets decreased their price objective on Accenture from $355.00 to $325.00 and set a “market perform” rating for the company in a report on Monday, June 23rd. Argus set a $370.00 target price on shares of Accenture in a report on Tuesday, June 24th. Finally, UBS Group restated a “buy” rating and issued a $395.00 price target (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $348.12.

Insider Transactions at Accenture

In other Accenture news, 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 value of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 203 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,954 shares of company stock valued at $834,280. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of ACN stock opened at $243.01 on Thursday. The company has a market cap of $152.21 billion, a P/E ratio of 19.35, a PEG ratio of 2.16 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s 50-day moving average is $265.74 and its 200 day moving average is $295.32. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last released its quarterly 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. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. During the same period in the prior year, the firm posted $3.13 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

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

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.