One Capital Management LLC Sells 1,005 Shares of Accenture plc (NYSE:ACN)

One Capital Management LLC decreased its position in shares of Accenture plc (NYSE:ACN - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,124 shares of the information technology services provider's stock after selling 1,005 shares during the period. One Capital Management LLC's holdings in Accenture were worth $1,803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Swedbank AB raised its position in shares of Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider's stock valued at $901,967,000 after buying an additional 363,401 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of Accenture by 1.8% during the third quarter. Moloney Securities Asset Management LLC now owns 1,903 shares of the information technology services provider's stock valued at $673,000 after buying an additional 33 shares during the last quarter. Two Point Capital Management Inc. raised its position in shares of Accenture by 1.2% during the third quarter. Two Point Capital Management Inc. now owns 43,719 shares of the information technology services provider's stock valued at $15,454,000 after buying an additional 518 shares during the last quarter. M&G PLC raised its position in shares of Accenture by 34.1% during the third quarter. M&G PLC now owns 292,808 shares of the information technology services provider's stock valued at $103,361,000 after buying an additional 74,438 shares during the last quarter. Finally, D.B. Root & Company LLC raised its position in shares of Accenture by 25.3% during the third quarter. D.B. Root & Company LLC now owns 941 shares of the information technology services provider's stock valued at $333,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACN shares. StockNews.com raised shares of Accenture from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. UBS Group upped 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 shares of Accenture from a "neutral" rating to a "buy" rating and upped their target price for the company from $370.00 to $420.00 in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their target price on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group decreased their price objective 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. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $388.96.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 2,497 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.48, for a total transaction of $885,136.56. Following the completion of the sale, the chief executive officer now owns 28,866 shares of the company's stock, valued at $10,232,419.68. This represents a 7.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the 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 sale, the chief accounting officer now directly owns 8,915 shares of the company's stock, valued at $3,516,610.90. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,280 shares of company stock worth $8,316,190. Company insiders own 0.02% of the company's stock.

Accenture Trading Down 0.0 %

NYSE ACN traded down $0.16 during trading hours on Friday, hitting $341.68. The company's stock had a trading volume of 4,459,862 shares, compared to its average volume of 2,708,053. The stock has a fifty day moving average of $365.74 and a 200 day moving average of $358.46. 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 market capitalization of $213.82 billion, a P/E ratio of 28.66, a PEG ratio of 3.23 and a beta of 1.24. 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 posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $3.27 earnings per share. Equities research analysts forecast 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.