Cigna Investments Inc. New Sells 106 Shares of Accenture PLC $ACN

Cigna Investments Inc. New cut its stake in shares of Accenture PLC (NYSE:ACN) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,306 shares of the information technology services provider’s stock after selling 106 shares during the quarter. Cigna Investments Inc. New’s holdings in Accenture were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ACN. Mpwm Advisory Solutions LLC purchased a new position in shares of Accenture during the fourth quarter worth approximately $30,000. Park Square Financial Group LLC purchased a new position in shares of Accenture during the fourth quarter worth approximately $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture in the first quarter worth $31,000. Inlight Wealth Management LLC purchased a new position in shares of Accenture in the first quarter worth $32,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Accenture in the fourth quarter worth $34,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the 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 directly owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the sale, the insider directly owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 in the last quarter. 0.02% of the stock is currently owned by insiders.

Accenture Stock Performance

Shares of ACN stock opened at $260.12 on Monday. The stock has a market cap of $162.92 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.37 and a beta of 1.30. The company’s fifty day moving average price is $272.89 and its 200-day moving average price is $301.38. 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.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $17.26 billion. During the same quarter in the previous year, the business posted $3.13 EPS. Accenture’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. On average, equities analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 10th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.3%. Accenture’s dividend payout ratio is presently 47.13%.

Analyst Ratings Changes

Several brokerages recently commented on ACN. Mizuho set a $348.00 target price on shares of Accenture and gave the stock an “outperform” rating in a research note on Tuesday, June 24th. JPMorgan Chase & Co. decreased their target price on shares of Accenture from $334.00 to $302.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Morgan Stanley cut their price target on shares of Accenture from $340.00 to $325.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 24th. HSBC began coverage on shares of Accenture in a report on Monday, July 28th. They issued a “reduce” rating and a $240.00 price target on the stock. Finally, Benchmark reiterated a “mixed” rating on shares of Accenture in a report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $358.08.

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.