Sivia Capital Partners LLC Increases Holdings in Accenture PLC $ACN

by · The Cerbat Gem

Sivia Capital Partners LLC increased its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 46.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,066 shares of the information technology services provider’s stock after purchasing an additional 660 shares during the period. Sivia Capital Partners LLC’s holdings in Accenture were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Redwood Investments LLC boosted its position in Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares during the period. Lipe & Dalton boosted its position in Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after buying an additional 4,801 shares during the last quarter. Intech Investment Management LLC boosted its position in Accenture by 40.5% in the 1st quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock valued at $30,777,000 after buying an additional 28,446 shares during the last quarter. Park National Corp OH boosted its position in Accenture by 4.3% in the 2nd quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider’s stock valued at $38,756,000 after buying an additional 5,388 shares during the last quarter. Finally, Cim Investment Management Inc. boosted its position in Accenture by 59.3% in the 1st quarter. Cim Investment Management Inc. now owns 4,603 shares of the information technology services provider’s stock valued at $1,436,000 after buying an additional 1,714 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

NYSE ACN opened at $236.58 on Wednesday. Accenture PLC has a 52 week low of $235.83 and a 52 week high of $398.35. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $148.18 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The company has a 50-day moving average price of $260.63 and a two-hundred day moving average price of $291.59.

Accenture (NYSE:ACN – Get Free Report) last posted its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $17.26 billion. During the same quarter in the prior year, the firm earned $3.13 EPS. Accenture’s quarterly 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. Analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group reissued a “buy” rating and issued a $395.00 price objective (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Barclays decreased their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday, June 23rd. Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. HSBC assumed coverage on shares of Accenture in a research report on Monday, July 28th. They issued a “reduce” rating and a $240.00 price objective for the company. Finally, Morgan Stanley decreased 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 report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $340.13.

Get Our Latest Report on Accenture

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction dated 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. In the last 90 days, insiders sold 2,954 shares of company stock worth $834,280. Insiders own 0.02% of the company’s stock.

Accenture Profile

(Free Report)

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.

See Also

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