Accenture PLC $ACN Shares Purchased by Sawyer & Company Inc

Sawyer & Company Inc raised its holdings in Accenture PLC (NYSE:ACN) by 2.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,459 shares of the information technology services provider’s stock after buying an additional 395 shares during the quarter. Accenture comprises 1.7% of Sawyer & Company Inc’s holdings, making the stock its 17th largest position. Sawyer & Company Inc’s holdings in Accenture were worth $4,621,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ACN. Redwood Investments LLC grew its holdings in shares of Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after buying an additional 1,287 shares during the last quarter. Lipe & Dalton grew its stake in Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after purchasing an additional 4,801 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Accenture by 40.5% in the first quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock valued at $30,777,000 after purchasing an additional 28,446 shares during the period. Park National Corp OH lifted its holdings in shares of Accenture by 4.3% during the second quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider’s stock worth $38,756,000 after purchasing an additional 5,388 shares during the period. Finally, Cim Investment Management Inc. boosted its position in Accenture by 59.3% in the first quarter. Cim Investment Management Inc. now owns 4,603 shares of the information technology services provider’s stock valued at $1,436,000 after buying an additional 1,714 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ACN shares. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Guggenheim reduced their target price 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. Rothschild & Co Redburn lowered shares of Accenture from a “buy” rating to a “neutral” rating and set a $250.00 price target on the stock. in a report on Wednesday, September 3rd. TD Cowen cut their price target on Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Finally, Stifel Nicolaus lowered their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $340.13.

Accenture Trading Down 0.5%

Shares of Accenture stock opened at $236.58 on Wednesday. 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 simple moving average is $260.63 and its 200-day simple moving average is $291.59. The stock has a market cap of $148.18 billion, a P/E ratio of 18.84, a P/E/G ratio of 2.05 and a beta of 1.29. Accenture PLC has a 1-year low of $235.83 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last posted 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. The firm 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%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last 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. Analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela Beatty sold 203 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were 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 approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by insiders.

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.