Accenture PLC $ACN Shares Purchased by Turn8 Private Wealth Inc.

Turn8 Private Wealth Inc. lifted its holdings in Accenture PLC (NYSE:ACN) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,683 shares of the information technology services provider’s stock after purchasing an additional 1,226 shares during the period. Accenture comprises about 2.4% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 22nd largest holding. Turn8 Private Wealth Inc.’s holdings in Accenture were worth $3,021,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lipe & Dalton raised its stake in shares of Accenture by 2,087.4% during the 1st 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 during the period. Redwood Investments LLC increased its holdings in Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after acquiring an additional 1,287 shares in the last quarter. United Bank acquired a new position in Accenture during the first quarter worth $758,000. Exchange Traded Concepts LLC lifted its holdings in Accenture by 62.2% during the first 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 in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Accenture in the first quarter valued at about $35,934,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction that occurred 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 approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares of the company’s stock, valued at $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 90 days, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Down 3.6%

Shares of NYSE:ACN opened at $243.01 on Thursday. Accenture PLC has a 52-week low of $236.67 and a 52-week high of $398.35. The stock has a market cap of $152.21 billion, a P/E ratio of 19.35, a PEG ratio of 2.16 and a beta of 1.29. The business has a fifty day moving average of $265.74 and a two-hundred day moving average of $295.32. 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 (NYSE:ACN) last announced its quarterly earnings results 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. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The firm had revenue of $17.73 billion for the quarter, compared to analysts’ expectations of $17.26 billion. During the same quarter in the previous year, the company posted $3.13 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were issued a dividend of $1.48 per share. The ex-dividend date was Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.4%. Accenture’s dividend payout ratio (DPR) is currently 47.13%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research reports. 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 research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft began coverage on Accenture in a research report on Thursday, July 17th. They issued a “hold” rating and a $290.00 target price on the stock. HSBC assumed coverage on Accenture in a research report on Monday, July 28th. They set a “reduce” rating and a $240.00 price target for the company. TD Cowen decreased their price objective on Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Evercore ISI initiated coverage on shares of Accenture in a report on Thursday, July 17th. They set an “outperform” rating and a $330.00 target price for the company. 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 MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.12.

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.