Ashton Thomas Private Wealth LLC Purchases 2,014 Shares of Accenture plc (NYSE:ACN)

Ashton Thomas Private Wealth LLC boosted its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,834 shares of the information technology services provider's stock after acquiring an additional 2,014 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Accenture were worth $8,736,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ACN. Morse Asset Management Inc bought a new position in shares of Accenture during the third quarter worth $25,000. FPC Investment Advisory Inc. boosted its position in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after purchasing an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture during the third quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the fourth quarter worth $30,000. Finally, POM Investment Strategies LLC boosted its position 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 purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were 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 owns 11,858 shares of the company's stock, valued at $4,677,625.26. The trade was a 42.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela Beatty sold 375 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares of the company's stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,280 shares of company stock worth $8,316,190. Insiders own 0.02% of the company's stock.

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Accenture Stock Performance

Shares of Accenture stock traded down $0.16 during trading on Friday, hitting $341.68. 4,459,862 shares of the stock were exchanged, compared to its average volume of 2,708,053. The stock has a market capitalization of $213.82 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company has a fifty day moving average price of $365.74 and a 200-day moving average price of $358.46. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

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. 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 analyst estimates of $17.15 billion. During the same quarter in the prior year, the business earned $3.27 EPS. Accenture's quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ACN shares. The Goldman Sachs Group raised shares of Accenture from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Jefferies Financial Group cut their price objective on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. StockNews.com raised shares of Accenture from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Stifel Nicolaus cut 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, BMO Capital Markets lifted their price target on shares of Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.