Strive Asset Management LLC Lowers Holdings in Accenture PLC $ACN

Strive Asset Management LLC cut its position in Accenture PLC (NYSE:ACN) by 22.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,424 shares of the information technology services provider’s stock after selling 414 shares during the quarter. Strive Asset Management LLC’s holdings in Accenture were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Accenture during the 4th quarter valued at $1,484,000. Jefferies Financial Group Inc. raised its position in shares of Accenture by 348.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 9,894 shares of the information technology services provider’s stock valued at $3,481,000 after buying an additional 7,688 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Accenture by 9.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 309,338 shares of the information technology services provider’s stock valued at $108,824,000 after buying an additional 26,752 shares in the last quarter. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of Accenture during the 4th quarter valued at $2,114,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Angela Beatty sold 203 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 transaction of $57,315.02. Following the sale, the insider 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 legal filing with the SEC, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Down 1.4%

Shares of ACN opened at $252.07 on Wednesday. The firm’s 50-day moving average price is $266.92 and its 200-day moving average price is $295.69. The firm has a market capitalization of $157.88 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.19 and a beta of 1.30. 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 PLC has a 1-year low of $236.67 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last announced its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion for 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 company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 10th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 2.3%. Accenture’s payout ratio is presently 47.13%.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of analyst reports. Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Mizuho set a $348.00 target price on shares of Accenture and gave the stock an “outperform” rating in a research report on Tuesday, June 24th. TD Cowen cut their price target on shares of Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Accenture in a report on Thursday, July 17th. They issued a “hold” rating and a $290.00 price target on the stock. Finally, UBS Group reissued a “buy” rating and issued a $395.00 price target (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $348.12.

Accenture 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.