Marotta Asset Management Lowers Holdings in Accenture PLC $ACN

Marotta Asset Management decreased its stake in shares of Accenture PLC (NYSE:ACN) by 35.6% in the second quarter, Holdings Channel reports. The institutional investor owned 1,575 shares of the information technology services provider’s stock after selling 872 shares during the quarter. Marotta Asset Management’s holdings in Accenture were worth $471,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lipe & Dalton raised its stake 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 valued at $1,570,000 after buying an additional 4,801 shares during the last quarter. Redwood Investments LLC raised its stake in shares of Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Intech Investment Management LLC raised its stake 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 worth $30,777,000 after purchasing an additional 28,446 shares during the last quarter. United Bank purchased a new position in shares of Accenture in the first quarter worth $758,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Accenture by 62.2% in the first quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 203 shares of the business’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 $57,315.02. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mauro Macchi sold 500 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 value of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at $644,582.22. This represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of ACN opened at $238.55 on Friday. 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 one year low of $236.67 and a one year high of $398.35. The firm has a market capitalization of $149.41 billion, a P/E ratio of 18.99, a PEG ratio of 2.10 and a beta of 1.29. The business has a fifty day moving average of $263.21 and a 200 day moving average of $293.64.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The company had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the previous year, the company posted $3.13 earnings per share. Accenture’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. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Analyst Ratings Changes

ACN has been the subject of several recent analyst reports. Benchmark restated a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. TD Cowen decreased their price target on Accenture from $342.00 to $313.00 and set a “buy” rating for the company in a research note on Tuesday. Evercore ISI initiated coverage on Accenture in a research note on Thursday, July 17th. They issued an “outperform” rating and a $330.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price target on Accenture from $290.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday. Finally, UBS Group restated a “buy” rating and issued a $395.00 price target (up previously from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. One equities 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. Based on data from MarketBeat, Accenture 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.