Accenture plc (NYSE:ACN) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. reduced its stake in Accenture plc (NYSE:ACN - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,726 shares of the information technology services provider's stock after selling 7,775 shares during the quarter. Achmea Investment Management B.V.'s holdings in Accenture were worth $24,177,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new position in shares of Accenture in the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. increased its stake in 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. purchased a new stake in Accenture during the 3rd quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Accenture during the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC increased its stake in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after buying an additional 34 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Down 1.1 %

Shares of NYSE:ACN opened at $324.25 on Thursday. The stock has a market cap of $202.91 billion, a P/E ratio of 27.20, a P/E/G ratio of 3.23 and a beta of 1.24. The firm has a fifty day moving average price of $364.36 and a 200 day moving average price of $358.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35.

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Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.27 EPS. Sell-side analysts predict that Accenture plc will post 12.73 EPS for the current year.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 375 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the sale, the chief accounting officer now owns 8,915 shares of the company's stock, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,280 shares of company stock worth $8,316,190. Company insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

ACN has been the topic of several recent research reports. UBS Group upped their target price 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. StockNews.com downgraded shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday. 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 research report on Friday, December 20th. Stifel Nicolaus dropped their price objective on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler increased their price objective on shares of Accenture from $422.00 to $429.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $388.96.

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.

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