Zevenbergen Capital Investments LLC Buys 115 Shares of Accenture PLC $ACN

Zevenbergen Capital Investments LLC increased its stake in shares of Accenture PLC (NYSE:ACN) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,133 shares of the information technology services provider’s stock after buying an additional 115 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Accenture were worth $638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ACN. Price T Rowe Associates Inc. MD lifted its position in shares of Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock worth $2,793,889,000 after buying an additional 3,490,569 shares during the period. Vanguard Group Inc. lifted its position in shares of Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock worth $19,912,594,000 after buying an additional 3,419,577 shares during the period. GAMMA Investing LLC lifted its position in shares of Accenture by 30,256.8% during the 1st quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock worth $1,067,651,000 after buying an additional 3,410,248 shares during the period. Pacer Advisors Inc. lifted its position in shares of Accenture by 2,782.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock worth $450,985,000 after buying an additional 1,395,135 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Accenture in the 4th quarter valued at $225,217,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 2.3%

NYSE:ACN opened at $238.55 on Friday. Accenture PLC has a 1 year low of $236.67 and a 1 year 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 price-to-earnings ratio of 18.99, a PEG ratio of 2.10 and a beta of 1.29. The stock has a 50-day moving average price of $263.21 and a two-hundred day moving average price of $293.19.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. The company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Analysts Set New Price Targets

ACN has been the subject of several research analyst reports. Benchmark reiterated a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. UBS Group reiterated a “buy” rating and issued a $395.00 price objective (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. HSBC initiated coverage on Accenture in a research report on Monday, July 28th. They issued a “reduce” rating and a $240.00 price objective for the company. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Guggenheim cut their price objective on Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $346.92.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 203 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company’s stock.

Accenture Profile

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.