Accenture plc (NYSE:ACN) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in shares of Accenture plc (NYSE:ACN - Free Report) by 81.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,955 shares of the information technology services provider's stock after buying an additional 2,224 shares during the quarter. Fisher Asset Management LLC's holdings in Accenture were worth $1,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc bought a new stake in shares of Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. lifted its stake in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after acquiring an additional 28 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Accenture during the 3rd quarter worth approximately $30,000. POM Investment Strategies LLC lifted its stake in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in Accenture during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

ACN has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Accenture from $422.00 to $429.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Stifel Nicolaus decreased their target price on Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Robert W. Baird reaffirmed a "neutral" rating and set a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. Wolfe Research raised Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price for the company in a research report on Wednesday, January 8th. Finally, BMO Capital Markets lifted their price target on Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Accenture presently has an average rating of "Moderate Buy" and an average price target of $388.96.

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Accenture Stock Performance

Accenture stock traded down $0.16 during trading hours on Friday, hitting $341.68. 4,459,862 shares of the stock traded hands, compared to its average volume of 2,708,053. 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's 50 day moving average price is $365.74 and its 200-day moving average price is $358.46. The stock has a market capitalization 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. 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 results 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 for 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%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.27 EPS. As a group, equities analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Insider Buying and Selling at Accenture

In other Accenture news, 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,497 shares of the business's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the transaction, the chief executive officer now directly owns 28,866 shares of the company's stock, valued at approximately $10,232,419.68. This trade represents a 7.96 % 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. 0.02% of the stock is currently owned by insiders.

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.