Tredje AP fonden Acquires 21,870 Shares of Accenture plc (NYSE:ACN)

Tredje AP fonden lifted its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 197,405 shares of the information technology services provider's stock after acquiring an additional 21,870 shares during the quarter. Tredje AP fonden's holdings in Accenture were worth $69,445,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Morse Asset Management Inc acquired a new position in shares of Accenture in the third quarter valued at $25,000. FPC Investment Advisory Inc. boosted its holdings in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after buying an additional 28 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Accenture in the 3rd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture during the fourth quarter worth approximately $30,000. Finally, POM Investment Strategies LLC boosted its holdings in shares of 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 acquiring an additional 34 shares during the period. Institutional investors own 75.14% of the company's stock.

Insider Activity

In related news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction that occurred 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 sale, the insider now directly owns 5,149 shares in the company, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now owns 8,915 shares of the company's stock, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Morgan Stanley boosted their target price on shares of Accenture from $335.00 to $380.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Wolfe Research raised shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price target on the stock in a research 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 company a "market perform" rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group raised shares of Accenture from a "neutral" rating to a "buy" rating and raised their target price for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $387.52.

Accenture Price Performance

ACN stock traded up $1.21 during trading on Friday, reaching $318.28. 2,742,493 shares of the company were exchanged, compared to its average volume of 2,730,559. The company has a market capitalization of $199.17 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 3.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a 50-day moving average of $363.72 and a two-hundred day moving average of $358.10. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced 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 company had revenue of $17.69 billion during 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%. Accenture's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 EPS. As a group, equities analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

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.