Trust Co of the South Grows Stock Position in Accenture PLC $ACN

Trust Co of the South raised its holdings in Accenture PLC (NYSE:ACN) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,113 shares of the information technology services provider’s stock after buying an additional 74 shares during the quarter. Trust Co of the South’s holdings in Accenture were worth $1,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Accenture by 5.7% in the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after purchasing an additional 3,419,577 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Accenture by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after purchasing an additional 228,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Accenture by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock valued at $1,923,225,000 after purchasing an additional 126,548 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Accenture by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,036,845 shares of the information technology services provider’s stock valued at $2,123,702,000 after purchasing an additional 545,109 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Mauro Macchi sold 500 shares of the stock in a transaction that occurred 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 directly owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACN. Benchmark reissued a “mixed” rating on shares of Accenture in a report on Friday, June 20th. HSBC started coverage on Accenture in a report on Monday, July 28th. They set a “reduce” rating and a $240.00 target price on the stock. Barclays dropped their target price on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on Accenture from $290.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a report on Monday, July 28th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $346.92.

Accenture Trading Down 2.3%

NYSE:ACN opened at $238.55 on Friday. The stock has a 50-day simple moving average of $263.21 and a 200-day simple moving average of $293.64. The stock has a market cap of $149.41 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29. Accenture PLC has a 1 year low of $236.67 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46.

Accenture (NYSE:ACN) last announced its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to analysts’ expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm 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 anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

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.