Capital Asset Advisory Services LLC Purchases 1,261 Shares of Accenture PLC $ACN

Capital Asset Advisory Services LLC grew its position in shares of Accenture PLC (NYSE:ACN) by 9.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,966 shares of the information technology services provider’s stock after buying an additional 1,261 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Accenture were worth $4,226,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Visionary Wealth Advisors grew its stake in Accenture by 3.5% during the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider’s stock worth $274,000 after buying an additional 26 shares during the last quarter. Vivaldi Capital Management LP increased its holdings in shares of 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 increased its holdings in shares of 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. increased its holdings in shares of 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 increased its holdings in shares of Accenture by 2.6% in the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after purchasing an additional 33 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture 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 transaction, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock valued at $834,280 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Accenture Trading Down 2.3%

Shares of NYSE ACN opened at $238.55 on Friday. The company’s fifty day moving average is $263.21 and its 200-day moving average is $293.19. The stock has a market cap of $149.41 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29. 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 announced its quarterly 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 company 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 business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Analyst Ratings Changes

ACN has been the subject of a number of research reports. Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. Barclays lowered their price target on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. Guggenheim lowered their price target on shares of Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a report on Monday, June 23rd. TD Cowen reduced their price objective on shares of Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Finally, Evercore ISI began coverage on shares of Accenture in a research note on Thursday, July 17th. They issued an “outperform” rating and a $330.00 price objective on the stock. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.