Accenture plc (NYSE:ACN) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of Accenture plc (NYSE:ACN - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,737 shares of the information technology services provider's stock after buying an additional 2,169 shares during the quarter. Ieq Capital LLC's holdings in Accenture were worth $16,442,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Accenture by 1.8% in the 3rd quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider's stock valued at $9,685,648,000 after acquiring an additional 471,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Accenture by 378.9% during 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 valued at $1,941,219,000 after acquiring an additional 4,345,039 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Accenture by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider's stock valued at $1,705,100,000 after purchasing an additional 56,937 shares during the last quarter. Swedbank AB increased its holdings in shares of Accenture by 47.5% in the fourth quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider's stock valued at $1,324,029,000 after purchasing an additional 1,212,011 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Accenture by 1.5% during the third quarter. Stifel Financial Corp now owns 1,892,409 shares of the information technology services provider's stock worth $668,974,000 after purchasing an additional 28,491 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the sale, the chief executive officer now directly owns 11,858 shares of the company's stock, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Beatty sold 375 shares of the company'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 transaction, the insider now directly owns 5,149 shares of the company's stock, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock worth $8,316,190 over the last quarter. 0.02% of the stock is currently owned by insiders.

Accenture Price Performance

Shares of NYSE ACN traded down $20.11 during trading on Friday, reaching $364.73. The company had a trading volume of 2,669,823 shares, compared to its average volume of 2,690,522. The stock has a market capitalization of $228.24 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.24. 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 50-day moving average price of $367.37 and a two-hundred day moving average price of $355.77. Accenture plc has a twelve month low of $278.69 and a twelve 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 analysts' consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.27 earnings per share. As a group, sell-side analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Analysts Set New Price Targets

ACN has been the subject of a number of analyst reports. 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. Morgan Stanley increased their price target on shares of Accenture from $335.00 to $380.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Jefferies Financial Group lowered their price objective on Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. UBS Group increased their target price on Accenture from $450.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Finally, Robert W. Baird restated a "neutral" rating and issued a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of "Moderate Buy" and an average price target of $387.22.

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.