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

Tredje AP fonden raised its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,405 shares of the information technology services provider's stock after buying an additional 21,870 shares during the period. Tredje AP fonden's holdings in Accenture were worth $69,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Accenture by 378.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider's stock worth $1,941,219,000 after purchasing an additional 4,345,039 shares during the period. Raymond James Financial Inc. bought a new position in Accenture in the 4th quarter worth $666,495,000. Swedbank AB increased its stake in Accenture by 47.5% in the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider's stock worth $1,324,029,000 after buying an additional 1,212,011 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Accenture by 51,837.3% during the fourth quarter. Proficio Capital Partners LLC now owns 860,601 shares of the information technology services provider's stock valued at $302,751,000 after acquiring an additional 858,944 shares during the period. Finally, Amundi boosted its stake in shares of Accenture by 27.9% in the fourth quarter. Amundi now owns 3,790,069 shares of the information technology services provider's stock worth $1,353,909,000 after acquiring an additional 826,038 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

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Insider Buying and Selling at Accenture

In related news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares in the company, valued at $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Joel Unruch sold 4,750 shares of the firm's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the transaction, the general counsel now directly owns 20,526 shares in the company, valued at $7,446,422.28. This trade represents a 18.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 in the last ninety days. Corporate insiders own 0.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACN. The Goldman Sachs Group raised Accenture from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $370.00 to $420.00 in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, December 16th. BMO Capital Markets increased 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. Stifel Nicolaus dropped their price target on Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, StockNews.com downgraded Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Accenture presently has an average rating of "Moderate Buy" and an average price target of $387.52.

Accenture Trading Up 0.4 %

Shares of NYSE:ACN traded up $1.21 on Friday, hitting $318.28. 4,085,973 shares of the company's stock were exchanged, compared to its average volume of 2,728,607. The business's 50 day simple moving average is $363.01 and its two-hundred day simple moving average is $358.10. 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 stock has a market capitalization of $199.17 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued 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 business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the firm earned $3.27 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Company 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.