2,240 Shares in Accenture plc (NYSE:ACN) Purchased by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC bought a new position in shares of Accenture plc (NYSE:ACN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,240 shares of the information technology services provider's stock, valued at approximately $788,000.

A number of other institutional investors have also added to or reduced their stakes in ACN. Morse Asset Management Inc bought a new position in Accenture during the third quarter worth about $25,000. FPC Investment Advisory Inc. lifted its stake in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after purchasing an additional 28 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Accenture during the third quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Accenture during the fourth quarter worth about $30,000. Finally, POM Investment Strategies LLC lifted its stake in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 34 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Angie Y. Park sold 685 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the transaction, the chief financial officer now owns 8,674 shares of the company's stock, valued at $3,073,892.12. The trade was a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Beatty sold 375 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, the insider now directly owns 5,149 shares of the company's stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock valued at $8,316,190 in the last quarter. Company insiders own 0.02% of the company's stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Accenture from a "neutral" rating to a "buy" rating and raised their price target for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. 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 note on Tuesday, January 21st. Robert W. Baird reiterated a "neutral" rating and issued a $370.00 target price on shares of Accenture in a research note on Tuesday, December 3rd. StockNews.com cut shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their target price on shares of Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $388.96.

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Accenture Price Performance

ACN opened at $324.25 on Thursday. The company has a fifty day moving average price of $364.36 and a two-hundred day moving average price of $358.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The firm has a market capitalization of $202.91 billion, a PE ratio of 27.20, a P/E/G ratio of 3.23 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 EPS for the quarter, topping 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 firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same quarter in the previous year, the business earned $3.27 EPS. The business's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

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.

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