Seilern Investment Management Ltd Sells 731 Shares of Accenture PLC $ACN

Seilern Investment Management Ltd trimmed its position in shares of Accenture PLC (NYSE:ACN) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,063 shares of the information technology services provider’s stock after selling 731 shares during the period. Accenture makes up approximately 4.2% of Seilern Investment Management Ltd’s holdings, making the stock its 15th largest holding. Seilern Investment Management Ltd’s holdings in Accenture were worth $63,981,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in Accenture during the fourth quarter valued at about $30,000. Park Square Financial Group LLC bought a new position in Accenture during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Accenture during the fourth quarter valued at about $34,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture during the first quarter valued at about $31,000. Finally, Inlight Wealth Management LLC bought a new position in Accenture during the first quarter valued at about $32,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Down 2.3%

Shares of ACN opened at $238.55 on Friday. The company has a market capitalization of $149.41 billion, a P/E ratio of 18.99, a PEG ratio of 2.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Accenture PLC has a one year low of $236.67 and a one year high of $398.35. The business’s 50 day simple moving average is $263.21 and its 200-day simple moving average is $293.19.

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

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 203 shares of the company’s stock in a transaction 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 transaction, the insider owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction on Friday, July 11th. The shares were 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 of the company’s stock, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACN. Guggenheim decreased their price objective on Accenture from $360.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, June 23rd. Benchmark reaffirmed a “mixed” rating on shares of Accenture in a report on Friday, June 20th. Evercore ISI began coverage on Accenture in a report on Thursday, July 17th. They set an “outperform” rating and a $330.00 price objective on the stock. Mizuho set a $348.00 price objective on Accenture and gave the company an “outperform” rating in a report on Tuesday, June 24th. Finally, Morgan Stanley decreased their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus target price of $346.92.

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.