Accenture plc (NYSE:ACN) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its position in Accenture plc (NYSE:ACN - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,450 shares of the information technology services provider's stock after acquiring an additional 3,152 shares during the period. Atria Investments Inc's holdings in Accenture were worth $27,598,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ACN. Swedbank AB raised its position in shares of Accenture by 16.6% in the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider's stock worth $901,967,000 after acquiring an additional 363,401 shares during the period. Intact Investment Management Inc. raised its position in shares of Accenture by 5.6% during the 3rd quarter. Intact Investment Management Inc. now owns 3,950 shares of the information technology services provider's stock worth $1,396,000 after purchasing an additional 210 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of Accenture by 1.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 1,903 shares of the information technology services provider's stock worth $673,000 after purchasing an additional 33 shares during the last quarter. FSM Wealth Advisors LLC raised its position in shares of Accenture by 3.8% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,392 shares of the information technology services provider's stock worth $846,000 after purchasing an additional 87 shares during the last quarter. Finally, Cary Street Partners Asset Management LLC raised its position in shares of Accenture by 8.7% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 14,772 shares of the information technology services provider's stock worth $5,222,000 after purchasing an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

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Accenture Trading Down 0.0 %

Shares of NYSE:ACN traded down $0.16 during mid-day trading on Friday, reaching $341.68. 4,459,862 shares of the company were exchanged, compared to its average volume of 2,703,785. 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 firm has a market cap of $213.82 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 3.23 and a beta of 1.24. The firm's 50-day simple moving average is $365.74 and its 200 day simple moving average is $358.27. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data 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%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $3.27 EPS. Equities research analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Insider Buying and Selling

In other Accenture news, insider Angela Beatty sold 375 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 5,149 shares of the company's stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the transaction, the chief executive officer now directly owns 11,858 shares of the company's stock, valued at $4,677,625.26. This represents a 42.58 % 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 valued at $8,316,190. Company insiders own 0.02% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACN. StockNews.com upgraded shares of Accenture from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Jefferies Financial Group reduced their price target on shares of Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. 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 report on Thursday, December 19th. Robert W. Baird reiterated a "neutral" rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. Finally, Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective for the company in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and a consensus target price of $388.96.

About Accenture

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.