OMERS ADMINISTRATION Corp Boosts Stock Position in Accenture PLC $ACN

OMERS ADMINISTRATION Corp increased its position in Accenture PLC (NYSE:ACN) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,172 shares of the information technology services provider’s stock after acquiring an additional 2,937 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Accenture were worth $107,707,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ACN. Mpwm Advisory Solutions LLC acquired a new position in Accenture in the fourth quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new stake in shares of Accenture in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Accenture during the fourth quarter valued at about $34,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture in the first quarter worth about $31,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Accenture during the first quarter valued at approximately $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ACN shares. HSBC started coverage on shares of Accenture in a research report on Monday, July 28th. They issued a “reduce” rating and a $240.00 target price for the company. Evercore ISI began coverage on shares of Accenture in a report on Thursday, July 17th. They set an “outperform” rating and a $330.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Accenture from $340.00 to $325.00 and set an “equal weight” rating for the company in a report on Tuesday, June 24th. Guggenheim lowered their price objective on shares of Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a report on Monday, June 23rd. Finally, Mizuho set a $348.00 price objective on shares of Accenture and gave the company an “outperform” rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued 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 an average target price of $358.08.

Accenture Trading Up 0.8%

Accenture stock opened at $257.39 on Thursday. The stock’s 50 day simple moving average is $274.40 and its two-hundred day simple moving average is $304.39. Accenture PLC has a 12 month low of $236.67 and a 12 month high of $398.35. 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 market cap of $161.21 billion, a PE ratio of 20.49, a P/E/G ratio of 2.32 and a beta of 1.29.

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

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 10th. Accenture’s dividend payout ratio (DPR) is 47.13%.

Insider Activity at Accenture

In other Accenture news, 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 transaction of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 203 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 $57,315.02. Following the transaction, the insider owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,954 shares of company stock valued at $834,280. Insiders own 0.02% of the company’s stock.

About Accenture

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.