Farther Finance Advisors LLC Acquires 1,194 Shares of Accenture plc (NYSE:ACN)

Farther Finance Advisors LLC lifted its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,527 shares of the information technology services provider's stock after buying an additional 1,194 shares during the quarter. Farther Finance Advisors LLC's holdings in Accenture were worth $7,221,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ACN. Morse Asset Management Inc bought a new stake in Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. increased its holdings in shares of Accenture by 62.2% in 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 during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Accenture in the third quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Accenture during the fourth quarter valued at $30,000. Finally, POM Investment Strategies LLC grew its position in 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 buying an additional 34 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Accenture from $335.00 to $380.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. UBS Group lifted their target price on shares of Accenture from $450.00 to $455.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Piper Sandler increased their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective 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, Jefferies Financial Group lowered their price target on Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $388.96.

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Accenture Trading Down 2.2 %

NYSE ACN opened at $327.79 on Wednesday. The stock's fifty day moving average price is $364.92 and its 200-day moving average price is $358.63. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market cap of $205.13 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its 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 business had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $17.15 billion. During the same period in the previous year, the company earned $3.27 earnings per share. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Insider Buying and Selling 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 completion of the sale, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angie Y. Park sold 685 shares of the company's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now owns 8,674 shares in the company, valued at $3,073,892.12. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,280 shares of company stock worth $8,316,190. Insiders own 0.02% of the company's stock.

Accenture Company 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.

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