First Hawaiian Bank grew its stake in Accenture PLC (NYSE:ACN – Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,515 shares of the information technology services provider’s stock after purchasing an additional 71 shares during the period. First Hawaiian Bank’s holdings in Accenture were worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in Accenture in the fourth quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new position in Accenture in the fourth quarter valued at approximately $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture in the first quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new position in Accenture in the first quarter valued at approximately $32,000. Finally, Capital A Wealth Management LLC acquired a new position in Accenture in the fourth quarter valued at approximately $34,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.
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Analyst Upgrades and Downgrades
ACN has been the topic of a number of research reports. HSBC started coverage on Accenture in a research note on Monday, July 28th. They set a “reduce” rating and a $240.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Accenture from $290.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday. Rothschild & Co Redburn lowered Accenture from a “buy” rating to a “neutral” rating and set a $250.00 price objective on the stock. in a report on Wednesday, September 3rd. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Accenture from $334.00 to $302.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $346.92.
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Accenture Trading Down 2.3%
Shares of Accenture stock opened at $238.55 on Monday. Accenture PLC has a 12-month low of $236.67 and a 12-month 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 $149.41 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. The company has a 50-day moving average of $263.21 and a two-hundred day moving average of $292.74.
Accenture (NYSE:ACN – Get Free Report) last issued its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company had revenue of $17.73 billion during the quarter, compared to analysts’ expectations of $17.26 billion. During the same period last year, the company posted $3.13 earnings per share. The firm’s quarterly 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. On average, research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mauro Macchi sold 500 shares of Accenture 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 transaction, the chief executive officer owned 2,283 shares of the company’s stock, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock worth $834,280 in the last ninety days. Insiders own 0.02% of the company’s stock.
Accenture Company 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.
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