Advyzon Investment Management LLC Purchases New Holdings in Accenture plc (NYSE:ACN)

Advyzon Investment Management LLC acquired a new position in Accenture plc (NYSE:ACN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,557 shares of the information technology services provider's stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also bought and sold shares of ACN. Swedbank AB lifted its holdings in shares of Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider's stock valued at $901,967,000 after purchasing an additional 363,401 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Accenture by 29.9% during the third quarter. Sequoia Financial Advisors LLC now owns 20,589 shares of the information technology services provider's stock valued at $7,278,000 after purchasing an additional 4,734 shares during the last quarter. Segment Wealth Management LLC lifted its holdings in shares of Accenture by 0.4% during the third quarter. Segment Wealth Management LLC now owns 42,984 shares of the information technology services provider's stock valued at $15,194,000 after purchasing an additional 157 shares during the last quarter. Blossom Wealth Management lifted its holdings in shares of Accenture by 27.4% during the third quarter. Blossom Wealth Management now owns 894 shares of the information technology services provider's stock valued at $316,000 after purchasing an additional 192 shares during the last quarter. Finally, Albert D Mason Inc. purchased a new position in shares of Accenture during the third quarter valued at approximately $232,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of ACN traded down $20.49 during trading hours on Friday, reaching $364.35. 3,747,836 shares of the stock traded hands, compared to its average volume of 2,728,130. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The company's 50-day moving average price is $367.37 and its two-hundred day moving average price is $355.77. The company has a market cap of $228.00 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.24.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts' consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $17.15 billion. During the same quarter in the previous year, the company earned $3.27 EPS. Accenture's revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Analyst Ratings Changes

ACN has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective for the company in a report on Wednesday, January 8th. BMO Capital Markets boosted their price objective on shares of Accenture from $390.00 to $425.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Piper Sandler boosted their price objective on shares of Accenture from $422.00 to $429.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. The Goldman Sachs Group raised shares of Accenture from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Finally, Jefferies Financial Group cut their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Accenture currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.22.

Insider Activity at Accenture

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the business's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the sale, the general counsel now owns 20,526 shares in the company, valued at $7,446,422.28. The trade was a 18.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by corporate insiders.

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.