Rep. Robert Bresnahan, Jr. Unloads Shares of Accenture plc (NYSE:ACN)

Posted by Joseph Casey on Apr 30th, 2025

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Accenture plc (NYSE:ACN). In a filing disclosed on April 28th, the Representative disclosed that they had sold between $15,001 and $50,000 in Accenture stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Best Buy (NYSE:BBY) on 4/8/2025.
Sold $1,001 – $15,000 in shares of EOG Resources (NYSE:EOG) on 4/8/2025.
Sold $1,001 – $15,000 in shares of CSX (NASDAQ:CSX) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Valero Energy (NYSE:VLO) on 4/8/2025.

Accenture Trading Up 1.8 %

NYSE:ACN opened at $298.55 on Wednesday. The firm has a market cap of $186.99 billion, a P/E ratio of 25.05, a PEG ratio of 3.23 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $312.46 and its 200-day simple moving average is $346.22. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35.

Accenture (NYSE:ACN – Get Free Report) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The business had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.77 earnings per share. Equities analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is 48.89%.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 8,793 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the sale, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 169 shares of the company’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,041 shares of company stock valued at $5,254,956. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACN. Norges Bank acquired a new position in Accenture during the fourth quarter valued at approximately $2,351,683,000. GAMMA Investing LLC lifted its position in Accenture by 30,256.8% during the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock valued at $1,067,651,000 after buying an additional 3,410,248 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Accenture by 22.8% during the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock worth $4,283,225,000 after purchasing an additional 2,260,740 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Accenture during the fourth quarter worth $666,495,000. Finally, Capital Research Global Investors lifted its position in shares of Accenture by 16.8% during the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock worth $4,325,526,000 after purchasing an additional 1,770,024 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACN. Barclays decreased their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. BMO Capital Markets boosted their target price on Accenture to $355.00 and gave the stock a “hold” rating in a research report on Wednesday, March 26th. Morgan Stanley decreased their target price on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Monday, March 17th. Piper Sandler decreased their target price on Accenture from $364.00 to $355.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Mizuho decreased their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.82.

Get Our Latest Research Report on Accenture

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Accenture

(Get 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.