Accenture plc (NYSE:ACN) Shares Bought by Citizens & Northern Corp

Citizens & Northern Corp grew its position in shares of Accenture plc (NYSE:ACN - Free Report) by 232.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,851 shares of the information technology services provider's stock after purchasing an additional 3,392 shares during the period. Citizens & Northern Corp's holdings in Accenture were worth $1,707,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ACN. Morse Asset Management Inc purchased a new position in shares of Accenture in the 3rd quarter worth $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture in the 3rd quarter valued at about $30,000. POM Investment Strategies LLC grew its position 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 acquiring an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Accenture during the fourth quarter valued at approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake 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 valued at $35,000 after purchasing an additional 85 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ACN. Piper Sandler increased their price target on Accenture from $422.00 to $429.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Jefferies Financial Group reduced their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Accenture from a "hold" rating to a "buy" rating in a report on Monday, January 13th. BNP Paribas lowered shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 price objective on the stock. in a research report on Wednesday, October 30th. Finally, Robert W. Baird restated a "neutral" rating and set a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Accenture currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.22.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the completion of the transaction, the general counsel now directly owns 20,526 shares of the company's stock, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % 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. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

Shares of ACN stock traded down $20.49 during trading hours on Friday, hitting $364.35. 3,747,836 shares of the company's stock were exchanged, compared to its average volume of 2,728,130. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm has a market cap of $228.00 billion, a P/E ratio of 30.57, a P/E/G ratio of 3.46 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $367.48 and a two-hundred day moving average of $356.12.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share 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 company had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $17.15 billion. During the same period in the prior year, the business posted $3.27 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts forecast that Accenture plc will post 12.73 EPS 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.