Accenture plc (NYSE:ACN) Position Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,354 shares of the information technology services provider's stock after buying an additional 3,336 shares during the quarter. D.A. Davidson & CO.'s holdings in Accenture were worth $39,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACN. Morse Asset Management Inc acquired a new position in Accenture during the 3rd quarter worth $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture in the third quarter worth about $30,000. POM Investment Strategies LLC increased its holdings in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after buying an additional 34 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Accenture during the fourth quarter valued at approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 75.14% of the company's stock.

Accenture Price Performance

ACN traded down $20.49 during trading on Friday, reaching $364.35. The stock had a trading volume of 3,747,836 shares, compared to its average volume of 2,728,130. The stock has a 50 day moving average of $367.48 and a two-hundred day moving average of $356.12. 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 $228.00 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.24. 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 announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company's revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.27 earnings per share. As a group, equities analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ACN has been the topic of several research reports. UBS Group upped their price target on Accenture from $450.00 to $455.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Jefferies Financial Group reduced their price target 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. The Goldman Sachs Group raised shares of Accenture from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $370.00 to $420.00 in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $387.22.

Insider Transactions at Accenture

In related news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now owns 5,149 shares of the company's stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Melissa A. Burgum sold 1,487 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the sale, the chief accounting officer now 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 22,280 shares of company stock valued at $8,316,190 in the last quarter. Insiders own 0.02% of the company's stock.

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.