Cadence Bank Sells 82 Shares of Accenture PLC $ACN

Cadence Bank cut its position in Accenture PLC (NYSE:ACN) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,699 shares of the information technology services provider’s stock after selling 82 shares during the quarter. Cadence Bank’s holdings in Accenture were worth $3,651,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Accenture in the fourth quarter valued at $30,000. Park Square Financial Group LLC bought a new stake in shares of Accenture during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in shares of Accenture during the 4th quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Accenture during the 1st quarter valued at $31,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Accenture during the 1st quarter valued at $32,000. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a research note on Monday, July 28th. Benchmark reiterated a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Deutsche Bank Aktiengesellschaft began coverage on Accenture in a report on Thursday, July 17th. They set a “hold” rating and a $290.00 target price for the company. UBS Group restated a “buy” rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Finally, Guggenheim dropped their target price on Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.08.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock worth $834,280 in the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.9%

Shares of NYSE:ACN opened at $258.8940 on Friday. Accenture PLC has a 52-week low of $236.67 and a 52-week high of $398.35. The firm has a market capitalization of $162.15 billion, a P/E ratio of 20.61, a P/E/G ratio of 2.31 and a beta of 1.29. The stock has a 50 day moving average price of $277.65 and a 200-day moving average price of $307.16. 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) last posted its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $17.26 billion. During the same quarter last year, the company earned $3.13 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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

About Accenture

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.