Canandaigua National Trust Co of Florida Increases Holdings in Accenture PLC $ACN

Canandaigua National Trust Co of Florida increased its position in Accenture PLC (NYSE:ACN) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 806 shares of the information technology services provider’s stock after acquiring an additional 73 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in Accenture were worth $241,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACN. Price T Rowe Associates Inc. MD grew its holdings in 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 valued at $2,793,889,000 after buying an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. boosted 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 valued at $19,912,594,000 after acquiring an additional 3,419,577 shares during the last quarter. GAMMA Investing LLC lifted its position in Accenture by 30,256.8% in 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 last quarter. Pacer Advisors Inc. lifted its position in Accenture by 2,782.1% in 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 last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Accenture in the 4th quarter worth approximately $225,217,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 2.3%

Shares of ACN opened at $238.55 on Monday. The company has a market capitalization of $149.41 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.05 and a beta of 1.30. The stock’s 50-day moving average price is $263.21 and its 200-day moving average price is $292.74. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52 week low of $236.67 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last issued 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 return on equity of 26.55% and a net margin of 11.61%.The company had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter in the prior year, the business posted $3.13 earnings per share. Accenture’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. On average, sell-side analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of the firm’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 $141,170.00. Following the completion of the sale, the chief executive officer owned 2,283 shares of the company’s stock, valued at $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock valued at $834,280 over the last quarter. 0.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ACN. Benchmark restated a “mixed” rating on shares of Accenture in a report on Friday, June 20th. HSBC initiated coverage on Accenture in a report on Monday, July 28th. They issued a “reduce” rating and a $240.00 price objective for the company. TD Cowen dropped their price objective on Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Evercore ISI started coverage on Accenture in a research report on Thursday, July 17th. They set an “outperform” rating and a $330.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Accenture from $290.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.92.

Accenture Company 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.