JPL Wealth Management LLC Acquires Shares of 10,528 Accenture plc (NYSE:ACN)

JPL Wealth Management LLC purchased a new stake in shares of Accenture plc (NYSE:ACN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,528 shares of the information technology services provider's stock, valued at approximately $3,704,000.

Other institutional investors have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA boosted its position in Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock worth $22,314,000 after purchasing an additional 3,883 shares during the period. Davidson Trust Co. boosted its position in Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock valued at $812,000 after buying an additional 158 shares during the last quarter. Schrum Private Wealth Management LLC boosted its position in Accenture by 78.6% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider's stock valued at $4,047,000 after buying an additional 5,038 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Accenture in the 3rd quarter valued at about $1,040,000. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Accenture by 126.8% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider's stock valued at $14,090,000 after purchasing an additional 22,391 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other news, insider Angela Beatty sold 375 shares of the stock in a transaction on Monday, December 23rd. The shares were 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 owns 5,149 shares of the company's stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Angie Y. Park sold 685 shares of the stock in a transaction on Friday, January 17th. The stock was 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 of the company's stock, valued at $3,073,892.12. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACN. Piper Sandler upped their target price on shares of Accenture from $422.00 to $429.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. The Goldman Sachs Group upgraded shares of Accenture from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Morgan Stanley increased their price objective on shares of Accenture from $335.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Accenture currently has a consensus rating of "Moderate Buy" and a consensus target price of $388.96.

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Accenture Price Performance

NYSE:ACN opened at $324.25 on Thursday. The firm has a market cap of $202.91 billion, a PE ratio of 27.20, a price-to-earnings-growth 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. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company's 50-day moving average price is $364.36 and its two-hundred day moving average price is $358.39.

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, topping 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 net margin of 11.41% and a return on equity of 26.91%. Accenture's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.27 earnings per share. On average, equities analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture 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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