Financiere des Professionnels Fonds d investissement inc. Sells 798 Shares of Accenture plc (NYSE:ACN)

Financiere des Professionnels Fonds d investissement inc. decreased its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,541 shares of the information technology services provider's stock after selling 798 shares during the quarter. Accenture comprises about 1.4% of Financiere des Professionnels Fonds d investissement inc.'s portfolio, making the stock its 12th biggest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in Accenture were worth $20,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in ACN. Morse Asset Management Inc acquired a new stake in Accenture in the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Accenture in the third quarter valued at approximately $30,000. POM Investment Strategies LLC lifted its position in shares of 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 4th quarter valued at $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Trading Down 1.3 %

NYSE ACN traded down $5.16 on Thursday, hitting $385.06. The company's stock had a trading volume of 2,251,805 shares, compared to its average volume of 2,697,309. 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 1-year low of $278.69 and a 1-year high of $398.35. The company's 50-day moving average is $366.87 and its 200 day moving average is $355.57. The firm has a market cap of $240.97 billion, a PE ratio of 32.30, a PEG ratio of 3.44 and a beta of 1.24.

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, beating analysts' consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.27 earnings per share. As a group, analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research reports. BNP Paribas cut shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 target price for the company. in a research note on Wednesday, October 30th. 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 research report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Accenture from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Morgan Stanley lifted their price target on Accenture from $335.00 to $380.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Eight research 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.22.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 375 shares of the stock in a transaction dated Monday, December 23rd. The stock was 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 in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Melissa A. Burgum sold 1,487 shares of the firm's stock in a transaction that occurred on 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 directly owns 9,247 shares of the company's stock, valued at $3,278,431.38. This represents a 13.85 % 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. Company 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.