Confluence Investment Management LLC Has $932,000 Holdings in Accenture PLC $ACN

Confluence Investment Management LLC boosted its stake in shares of Accenture PLC (NYSE:ACN) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,118 shares of the information technology services provider’s stock after purchasing an additional 93 shares during the quarter. Confluence Investment Management LLC’s holdings in Accenture were worth $932,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ACN. Price T Rowe Associates Inc. MD raised its stake in Accenture by 63.9% during the 1st 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 last quarter. Vanguard Group Inc. raised its stake in shares of Accenture by 5.7% in the 1st 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 buying an additional 3,419,577 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Accenture by 30,256.8% in the 1st quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock valued at $1,067,651,000 after buying an additional 3,410,248 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Accenture by 2,782.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after buying an additional 1,395,135 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Accenture in the 4th quarter valued at $225,217,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company’s stock, valued at $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Beatty sold 203 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, 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 position. 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 in the last 90 days. 0.02% of the stock is currently owned by insiders.

Accenture Stock Down 2.3%

ACN opened at $238.55 on Friday. The firm’s 50-day simple moving average is $263.21 and its 200-day simple moving average is $293.19. 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 PLC has a twelve month low of $236.67 and a twelve month high of $398.35. The firm has a market cap of $149.41 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.10 and a beta of 1.29.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The firm had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the prior year, the firm earned $3.13 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACN. Argus set a $370.00 price objective on shares of Accenture in a research note on Tuesday, June 24th. Morgan Stanley dropped their price objective on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Accenture from $290.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday. Rothschild & Co Redburn cut shares of Accenture from a “buy” rating to a “neutral” rating and set a $250.00 price objective for the company. in a research note on Wednesday, September 3rd. Finally, Evercore ISI began coverage on shares of Accenture in a report on Thursday, July 17th. They issued an “outperform” rating and a $330.00 target price on the stock. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average target price of $346.92.

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.