Accenture plc (NYSE:ACN) Shares Purchased by Dash Acquisitions Inc.

Dash Acquisitions Inc. grew its position in shares of Accenture plc (NYSE:ACN - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,040 shares of the information technology services provider's stock after acquiring an additional 1,144 shares during the period. Accenture comprises about 3.8% of Dash Acquisitions Inc.'s holdings, making the stock its 11th largest holding. Dash Acquisitions Inc.'s holdings in Accenture were worth $17,043,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Masso Torrence Wealth Management Inc. boosted its holdings in shares of Accenture by 2.0% in the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider's stock worth $511,000 after purchasing an additional 28 shares during the period. BSW Wealth Partners lifted its position in Accenture by 0.7% in the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider's stock worth $1,441,000 after buying an additional 28 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in Accenture by 5.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock valued at $182,000 after acquiring an additional 28 shares during the last quarter. Tradition Wealth Management LLC raised its stake in shares of Accenture by 0.3% in the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider's stock valued at $3,871,000 after acquiring an additional 29 shares during the period. Finally, TCW Group Inc. lifted its holdings in shares of Accenture by 0.3% in the 3rd quarter. TCW Group Inc. now owns 11,501 shares of the information technology services provider's stock worth $4,065,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACN. Morgan Stanley upped their price target on shares of Accenture from $335.00 to $380.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. BNP Paribas lowered shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 price objective for the company. in a report on Wednesday, October 30th. Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price on the stock in a research note on Wednesday, January 8th. StockNews.com raised Accenture from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Finally, BMO Capital Markets upped their target price on Accenture from $390.00 to $425.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.22.

Insider Transactions at Accenture

In related news, 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,280 shares of company stock valued at $8,316,190. Insiders own 0.02% of the company's stock.

Accenture Stock Down 5.3 %

Shares of NYSE ACN traded down $20.49 on Friday, hitting $364.35. The company had a trading volume of 3,747,836 shares, compared to its average volume of 2,728,130. The firm has a market capitalization of $228.00 billion, a P/E ratio of 30.57, a PEG ratio of 3.46 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. The business has a 50 day moving average of $367.37 and a two-hundred day moving average of $355.77.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter in the previous year, the firm posted $3.27 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.

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.