Enterprise Bank & Trust Co Grows Stock Holdings in Accenture PLC $ACN

Enterprise Bank & Trust Co grew its holdings in Accenture PLC (NYSE:ACN) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,220 shares of the information technology services provider’s stock after purchasing an additional 640 shares during the quarter. Accenture comprises approximately 0.9% of Enterprise Bank & Trust Co’s portfolio, making the stock its 28th largest holding. Enterprise Bank & Trust Co’s holdings in Accenture were worth $2,457,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Zevenbergen Capital Investments LLC lifted its stake in Accenture by 5.7% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 2,133 shares of the information technology services provider’s stock worth $638,000 after purchasing an additional 115 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in Accenture by 27.6% in the 2nd quarter. Insight Wealth Strategies LLC now owns 13,931 shares of the information technology services provider’s stock worth $4,216,000 after purchasing an additional 3,016 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Accenture by 51.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 18,154 shares of the information technology services provider’s stock worth $5,426,000 after purchasing an additional 6,134 shares in the last quarter. Aletheian Wealth Advisors LLC purchased a new position in Accenture in the 2nd quarter worth approximately $209,000. Finally, McLean Asset Management Corp purchased a new stake in shares of Accenture during the 2nd quarter valued at approximately $212,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Down 2.3%

Accenture stock opened at $238.55 on Friday. Accenture PLC has a fifty-two week low of $236.67 and a fifty-two week 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. The firm has a 50 day moving average price of $263.21 and a 200 day moving average price of $293.19. The company has a market capitalization of $149.41 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.29.

Accenture (NYSE:ACN) last posted its 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 firm had revenue of $17.73 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last 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. Research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Hsbc Global Res raised shares of Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Barclays reduced their price target on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research report on Monday, June 23rd. BMO Capital Markets reduced their price target on shares of Accenture from $355.00 to $325.00 and set a “market perform” rating on the stock in a research report on Monday, June 23rd. UBS Group reaffirmed a “buy” rating and set a $395.00 price target (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Finally, Guggenheim reduced their price target on shares of Accenture from $360.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, June 23rd. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $346.92.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 203 shares of the business’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 completion of the transaction, the insider owned 5,249 shares in the company, 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 the SEC website. Also, CEO Mauro Macchi sold 500 shares of the business’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 position. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

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.