GAM Holding AG bought a new stake in Accenture plc (NYSE:ACN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,020 shares of the information technology services provider's stock, valued at approximately $1,414,000.
Several other institutional investors have also recently made changes to their positions in ACN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Accenture by 378.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider's stock worth $1,941,219,000 after purchasing an additional 4,345,039 shares in the last quarter. Swedbank AB grew its position in Accenture by 47.5% in the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider's stock worth $1,324,029,000 after purchasing an additional 1,212,011 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Accenture by 2,666.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 715,219 shares of the information technology services provider's stock worth $251,607,000 after purchasing an additional 689,366 shares in the last quarter. Holocene Advisors LP bought a new stake in Accenture in the 3rd quarter worth about $204,895,000. Finally, International Assets Investment Management LLC grew its position in Accenture by 37,788.5% in the 3rd quarter. International Assets Investment Management LLC now owns 510,358 shares of the information technology services provider's stock worth $180,401,000 after purchasing an additional 509,011 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Piper Sandler upped their price objective on shares of Accenture from $422.00 to $429.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. UBS Group increased 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. Morgan Stanley increased their target price on shares of Accenture from $335.00 to $380.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Robert W. Baird reissued a "neutral" rating and set a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets upped their price target on shares of Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Eight research 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 company currently has an average rating of "Moderate Buy" and an average price target of $387.22.
Read Our Latest Report on ACN
Insider Activity
In related news, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares of the company's stock, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is currently owned by corporate insiders.
Accenture Price Performance
Shares of Accenture stock traded down $20.49 on Friday, hitting $364.35. 3,747,836 shares of the company traded hands, compared to its average volume of 2,728,130. The firm's 50-day simple moving average is $367.37 and its 200 day simple moving average is $355.77. 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 company has a market cap of $228.00 billion, a P/E ratio of 30.57, a P/E/G ratio of 3.46 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 posted 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 firm had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $3.27 EPS. Analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.
About Accenture
(
Free Report)
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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