Lansforsakringar Fondforvaltning AB publ Sells 4,923 Shares of Accenture PLC $ACN

Lansforsakringar Fondforvaltning AB publ reduced its position in Accenture PLC (NYSE:ACN) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,376 shares of the information technology services provider’s stock after selling 4,923 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Accenture were worth $63,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ACN. Mpwm Advisory Solutions LLC purchased a new position in shares of Accenture in the 4th quarter worth $30,000. Park Square Financial Group LLC purchased a new position in Accenture in the fourth quarter worth about $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture in the first quarter worth about $31,000. Inlight Wealth Management LLC purchased a new position in Accenture in the first quarter worth about $32,000. Finally, Capital A Wealth Management LLC purchased a new position in Accenture in the fourth quarter worth about $34,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In related news, insider Angela Beatty sold 203 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 transaction of $57,315.02. Following the transaction, the insider owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction on Friday, July 11th. The stock was 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. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays dropped their target price on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday, June 23rd. BMO Capital Markets dropped their target price on Accenture from $355.00 to $325.00 and set a “market perform” rating for the company in a research report on Monday, June 23rd. Benchmark restated a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. Argus set a $370.00 target price on Accenture in a research report on Tuesday, June 24th. Finally, HSBC assumed coverage on Accenture in a research report on Monday, July 28th. They set a “reduce” rating and a $240.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $358.08.

Accenture Trading Up 0.8%

ACN stock opened at $257.39 on Thursday. The company’s 50-day simple moving average is $274.40 and its 200-day simple moving average is $304.39. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52-week low of $236.67 and a 52-week high of $398.35. The firm has a market cap of $161.21 billion, a P/E ratio of 20.49, a PEG ratio of 2.32 and a beta of 1.29.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (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 analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 10th. Accenture’s payout ratio is 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.