Accenture PLC $ACN Shares Purchased by Somerset Trust Co

Somerset Trust Co grew its holdings in shares of Accenture PLC (NYSE:ACN) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,443 shares of the information technology services provider’s stock after purchasing an additional 61 shares during the quarter. Accenture makes up about 1.3% of Somerset Trust Co’s portfolio, making the stock its 29th biggest holding. Somerset Trust Co’s holdings in Accenture were worth $4,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Lipe & Dalton lifted its position in Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after buying an additional 4,801 shares in the last quarter. Redwood Investments LLC boosted its position in shares of Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after acquiring an additional 1,287 shares during the last quarter. Intech Investment Management LLC grew 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. United Bank purchased a new position in Accenture during the first quarter worth about $758,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Accenture by 62.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider’s stock valued at $282,000 after purchasing an additional 347 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 over the last three months. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock opened at $238.55 on Friday. The business has a 50-day simple moving average of $263.21 and a 200-day simple moving average of $293.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. The company has a market cap of $149.41 billion, a PE ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29.

Accenture (NYSE:ACN) last released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.17. The business had revenue of $17.73 billion during the quarter, compared to analysts’ expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of recent analyst reports. HSBC started coverage on Accenture in a report on Monday, July 28th. They issued a “reduce” rating and a $240.00 price objective on the stock. Barclays lowered their target price on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday, June 23rd. Benchmark reissued a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Morgan Stanley lowered their price objective on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Finally, UBS Group restated 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.