Bank OZK Sells 3,397 Shares of Accenture plc (NYSE:ACN)

Bank OZK decreased its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 80.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 830 shares of the information technology services provider's stock after selling 3,397 shares during the period. Bank OZK's holdings in Accenture were worth $292,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB lifted its stake in Accenture by 16.6% in the 3rd quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider's stock worth $901,967,000 after purchasing an additional 363,401 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Accenture by 10.2% in the third quarter. SteelPeak Wealth LLC now owns 1,023 shares of the information technology services provider's stock worth $362,000 after buying an additional 95 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Accenture by 547.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,158 shares of the information technology services provider's stock valued at $1,116,000 after buying an additional 2,670 shares during the period. Financial Advocates Investment Management grew its position in Accenture by 5.0% during the third quarter. Financial Advocates Investment Management now owns 5,182 shares of the information technology services provider's stock worth $1,832,000 after buying an additional 246 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC bought a new position in Accenture in the 3rd quarter worth about $347,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Up 0.7 %

NYSE:ACN traded up $2.49 during trading hours on Wednesday, reaching $348.27. 2,446,867 shares of the company traded hands, compared to its average volume of 2,683,082. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The business's 50-day moving average price is $366.68 and its two-hundred day moving average price is $358.37. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The stock has a market capitalization of $217.94 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion for 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 revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.27 EPS. Analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the sale, the chief accounting officer now directly owns 9,247 shares in the company, valued at approximately $3,278,431.38. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock worth $8,316,190 over the last 90 days. 0.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ACN. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the company a "buy" rating in a research note on Friday, December 20th. The Goldman Sachs Group raised Accenture from a "neutral" rating to a "buy" rating and increased their target price for the company from $370.00 to $420.00 in a research note on Friday, December 6th. BMO Capital Markets lifted their price target on Accenture from $390.00 to $425.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Piper Sandler increased their price objective on Accenture from $422.00 to $429.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their target price on Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $388.96.

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.