Flossbach Von Storch SE Sells 14,713 Shares of Accenture plc (NYSE:ACN)

Flossbach Von Storch SE trimmed its position in Accenture plc (NYSE:ACN - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,504,485 shares of the information technology services provider's stock after selling 14,713 shares during the period. Accenture accounts for 2.1% of Flossbach Von Storch SE's portfolio, making the stock its 19th biggest position. Flossbach Von Storch SE owned approximately 0.24% of Accenture worth $529,263,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in shares of Accenture in the 3rd quarter worth about $25,000. MidAtlantic Capital Management Inc. bought a new stake in Accenture during the third quarter worth about $30,000. POM Investment Strategies LLC grew its holdings in Accenture by 64.2% in 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. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture during the fourth quarter valued at approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 75.14% of the company's stock.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent research reports. StockNews.com upgraded Accenture from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. UBS Group upped their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. BNP Paribas cut shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 target price for the company. in a report on Wednesday, October 30th. Wolfe Research raised shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price target for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley upped their price objective on Accenture from $335.00 to $380.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Accenture has a consensus rating of "Moderate Buy" and a consensus price target of $387.22.

Accenture Price Performance

Shares of ACN traded down $20.49 during mid-day trading on Friday, reaching $364.35. The stock had a trading volume of 3,747,836 shares, compared to its average volume of 2,728,130. The firm has a market cap of $228.00 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.46 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The business has a fifty day moving average of $367.37 and a 200 day moving average of $355.77. 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 (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $3.27 earnings per share. Equities analysts predict that Accenture plc will post 12.73 EPS for the current year.

Insider Buying and Selling

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the sale, the chief accounting officer now owns 8,915 shares in the company, valued at $3,516,610.90. The trade was a 2.54 % 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 firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares of the company's stock, 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 three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. 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.