Geneos Wealth Management Inc. Increases Stock Position in Accenture PLC $ACN

Geneos Wealth Management Inc. boosted its stake in Accenture PLC (NYSE:ACN) by 18.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,057 shares of the information technology services provider’s stock after purchasing an additional 2,547 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Accenture were worth $5,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Visionary Wealth Advisors raised its stake in Accenture by 3.5% in the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider’s stock valued at $274,000 after purchasing an additional 26 shares in the last quarter. Vivaldi Capital Management LP raised its stake in Accenture by 3.6% in the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider’s stock valued at $292,000 after purchasing an additional 27 shares in the last quarter. Sentinus LLC raised its stake in Accenture by 4.2% in the fourth quarter. Sentinus LLC now owns 763 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 31 shares in the last quarter. Stonebrook Private Inc. raised its stake in Accenture by 3.1% in the fourth quarter. Stonebrook Private Inc. now owns 1,103 shares of the information technology services provider’s stock valued at $388,000 after purchasing an additional 33 shares in the last quarter. Finally, Viawealth LLC grew its position in Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after acquiring an additional 33 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

NYSE:ACN opened at $243.01 on Thursday. The stock has a market cap of $152.21 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29. The firm’s fifty day simple moving average is $265.74 and its 200 day simple moving average is $295.32. Accenture PLC has a twelve month low of $236.67 and a twelve month high of $398.35. 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 released 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. The business had revenue of $17.73 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 10th were issued a $1.48 dividend. The ex-dividend date was Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 2.4%. Accenture’s payout ratio is 47.13%.

Analyst Ratings Changes

ACN has been the topic of a number of recent research reports. Argus set a $370.00 price target on shares of Accenture in a research report on Tuesday, June 24th. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Benchmark reiterated a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. Mizuho set a $348.00 price target on shares of Accenture and gave the company an “outperform” rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley reduced their price target on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $348.12.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction 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 approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This represents 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. 0.02% of the stock is currently owned by company insiders.

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.