Accenture PLC $ACN Stake Decreased by Arvest Investments Inc.

Arvest Investments Inc. lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,292 shares of the information technology services provider’s stock after selling 568 shares during the period. Arvest Investments Inc.’s holdings in Accenture were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Mpwm Advisory Solutions LLC bought a new stake in Accenture during the fourth quarter worth approximately $30,000. Park Square Financial Group LLC bought a new stake in Accenture during the fourth quarter worth approximately $31,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture during the first quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new stake in Accenture during the first quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC bought a new stake in Accenture during the fourth quarter worth approximately $34,000. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of several research reports. Evercore ISI assumed coverage on Accenture in a report on Thursday, July 17th. They issued an “outperform” rating and a $330.00 price target on the stock. Mizuho set a $348.00 price objective on shares of Accenture and gave the stock an “outperform” rating in a report on Tuesday, June 24th. Argus set a $370.00 price objective on shares of Accenture in a report on Tuesday, June 24th. Barclays decreased their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. Finally, Morgan Stanley decreased their price objective on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $346.92.

Insider Activity

In related news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 203 shares of the company’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 completion of the sale, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was 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.

Accenture Stock Down 2.3%

Accenture stock opened at $238.55 on Friday. The firm has a market cap of $149.41 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week high of $398.35. The firm has a fifty day moving average price of $263.21 and a two-hundred day moving average price of $293.19.

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

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.