Accenture PLC $ACN Shares Bought by Meiji Yasuda Life Insurance Co

by · The Cerbat Gem

Meiji Yasuda Life Insurance Co grew its position in shares of Accenture PLC (NYSE:ACNFree Report) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,500 shares of the information technology services provider’s stock after purchasing an additional 696 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Accenture were worth $1,716,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Accenture by 0.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,529 shares of the information technology services provider’s stock valued at $6,094,000 after acquiring an additional 174 shares in the last quarter. Hamilton Capital LLC raised its stake in shares of Accenture by 5.1% in the first quarter. Hamilton Capital LLC now owns 1,502 shares of the information technology services provider’s stock valued at $469,000 after acquiring an additional 73 shares in the last quarter. Voleon Capital Management LP acquired a new stake in shares of Accenture in the first quarter valued at $1,387,000. Redwood Investments LLC raised its stake in shares of Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after acquiring an additional 1,287 shares in the last quarter. Finally, Kestra Investment Management LLC raised its stake in shares of Accenture by 8.5% in the first quarter. Kestra Investment Management LLC now owns 8,752 shares of the information technology services provider’s stock valued at $2,731,000 after acquiring an additional 686 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of ACN stock opened at $254.59 on Monday. The stock’s 50-day moving average is $268.80 and its two-hundred day moving average is $296.75. The firm has a market cap of $159.45 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.19 and a beta of 1.30. 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:ACNGet Free Report) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.17. The company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 10th were issued a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.3%. Accenture’s dividend payout ratio (DPR) is currently 47.13%.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This represents a 17.97% 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 over the last quarter. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACN. Deutsche Bank Aktiengesellschaft began coverage on Accenture in a research note on Thursday, July 17th. They issued a “hold” rating and a $290.00 price objective on the stock. Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. UBS Group reissued a “buy” rating and issued a $395.00 target price (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Mizuho set a $348.00 target price on Accenture and gave the company an “outperform” rating in a report on Tuesday, June 24th. Finally, HSBC began coverage on Accenture in a report on Monday, July 28th. They issued a “reduce” rating and a $240.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $353.76.

Check Out Our Latest Stock Analysis on ACN

About Accenture

(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.

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