Capital Market Strategies LLC Has $352,000 Holdings in Accenture PLC $ACN

by · The Cerbat Gem

Capital Market Strategies LLC lowered its stake in Accenture PLC (NYSE:ACN – Free Report) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,178 shares of the information technology services provider’s stock after selling 50 shares during the period. Capital Market Strategies LLC’s holdings in Accenture were worth $352,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Accenture during the 4th quarter worth about $30,000. Park Square Financial Group LLC acquired a new position in shares of Accenture during the 4th quarter worth about $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture during the 1st quarter worth about $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture during the 1st quarter worth about $32,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Accenture during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research analyst reports. Rothschild & Co Redburn cut Accenture from a “buy” rating to a “neutral” rating and set a $250.00 price objective for the company. in a research report on Wednesday, September 3rd. Mizuho set a $348.00 price target on Accenture and gave the company an “outperform” rating in a research note on Tuesday, June 24th. Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, June 23rd. UBS Group restated a “buy” rating and set a $395.00 price target (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Accenture from $290.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $346.92.

View Our Latest Analysis on ACN

Insider Activity

In other news, insider Angela Beatty sold 203 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,954 shares of company stock worth $834,280. Company insiders own 0.02% of the company’s stock.

Accenture Trading Down 2.3%

ACN stock opened at $238.55 on Friday. Accenture PLC has a 1-year low of $236.67 and a 1-year high of $398.35. The firm has a market cap of $149.41 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29. The business’s 50 day moving average is $263.21 and its 200-day moving average is $293.64. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN – Get Free Report) last released its quarterly earnings data 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. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same period in the prior year, the company posted $3.13 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

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.

Featured Articles

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN – Free Report).