Cim LLC Purchases 404 Shares of Accenture PLC $ACN

Cim LLC raised its holdings in shares of Accenture PLC (NYSE:ACN) by 6.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,846 shares of the information technology services provider’s stock after acquiring an additional 404 shares during the quarter. Cim LLC’s holdings in Accenture were worth $2,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ACN. Price T Rowe Associates Inc. MD lifted its position in shares of Accenture by 63.9% in the first 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 purchasing an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Accenture by 5.7% in the first 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 position in shares of Accenture by 30,256.8% in the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock worth $1,067,651,000 after purchasing an additional 3,410,248 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 worth $450,985,000 after purchasing an additional 1,395,135 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Accenture in the fourth quarter worth $225,217,000. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was 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 owned 8,109 shares of the company’s stock, valued at $2,290,387.05. This trade represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock worth $834,280 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Accenture Price Performance

Shares of ACN opened at $243.99 on Friday. The firm has a market capitalization of $152.82 billion, a PE ratio of 19.43, a PEG ratio of 2.09 and a beta of 1.29. The company’s 50-day moving average is $264.53 and its 200-day moving average is $294.50. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.17. The company had revenue of $17.73 billion for 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%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on ACN. JPMorgan Chase & Co. cut their price objective on shares of Accenture from $334.00 to $302.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Barclays cut their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research report on Monday, June 23rd. TD Cowen cut their price objective on shares of Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group reaffirmed a “buy” rating and set a $395.00 price target (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Accenture from $290.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $346.92.

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.