Sunpointe LLC Buys 759 Shares of Accenture PLC $ACN

Sunpointe LLC boosted its stake in shares of Accenture PLC (NYSE:ACN) by 99.6% during the second quarter, Holdings Channel reports. The fund owned 1,521 shares of the information technology services provider’s stock after acquiring an additional 759 shares during the period. Sunpointe LLC’s holdings in Accenture were worth $454,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Accenture in the 4th quarter valued at about $30,000. Park Square Financial Group LLC bought a new position in shares of Accenture in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in shares of Accenture in the 4th quarter valued at about $34,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Accenture in the 1st quarter valued at about $31,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Accenture in the 1st quarter valued at about $32,000. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, insider Angela Beatty sold 203 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 transaction of $57,315.02. Following the completion of the transaction, the insider directly owned 5,249 shares of the company’s stock, valued at $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 available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 2,954 shares of company stock worth $834,280. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Accenture from $355.00 to $325.00 and set a “market perform” rating on the stock in a research report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Accenture from $290.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, September 11th. UBS Group reiterated a “buy” rating and issued a $395.00 price target (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Guggenheim cut their price target on shares of Accenture from $360.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, June 23rd. Finally, Rothschild & Co Redburn downgraded shares of Accenture from a “buy” rating to a “neutral” rating and set a $250.00 price target on the stock. in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.13.

Accenture Price Performance

Shares of ACN opened at $236.58 on Wednesday. The company has a market cap of $148.18 billion, a price-to-earnings ratio of 18.84, a PEG 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. The company’s fifty day simple moving average is $260.63 and its 200 day simple moving average is $291.59. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued 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 business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The firm’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 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal 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.