Accenture PLC $ACN Shares Sold by First Financial Corp IN

by · The Cerbat Gem

First Financial Corp IN lessened its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 11.0% in the second quarter, Holdings Channel.com reports. The fund owned 1,260 shares of the information technology services provider’s stock after selling 155 shares during the quarter. First Financial Corp IN’s holdings in Accenture were worth $377,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Accenture in the fourth quarter valued at $30,000. Park Square Financial Group LLC purchased a new stake in shares of Accenture in the fourth quarter valued at $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture in the first quarter valued at $31,000. Inlight Wealth Management LLC purchased a new stake in shares of Accenture in the first quarter valued at $32,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Accenture in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction on 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. The trade was 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 valued at $834,280 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. TD Cowen lowered their target price on Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Evercore ISI began coverage on Accenture in a research note on Thursday, July 17th. They issued an “outperform” rating and a $330.00 target price on the stock. Finally, Mizuho set a $348.00 target price on Accenture and gave the company an “outperform” rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $346.92.

View Our Latest Research Report on ACN

Accenture Trading Down 0.3%

Shares of NYSE:ACN opened at $237.87 on Tuesday. Accenture PLC has a 52-week low of $235.92 and a 52-week high of $398.35. The company has a market cap of $148.98 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.05 and a beta of 1.29. The stock’s 50-day moving average is $261.96 and its 200-day moving average is $291.97. 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:ACN – Get Free Report) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Equities research analysts predict that Accenture PLC will post 12.73 earnings per share for the current 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.

See Also

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