MOKAN Wealth Management Inc. Buys Shares of 3,151 Accenture plc (NYSE:ACN)

MOKAN Wealth Management Inc. bought a new stake in shares of Accenture plc (NYSE:ACN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,151 shares of the information technology services provider's stock, valued at approximately $1,109,000.

A number of other hedge funds have also recently modified their holdings of ACN. Masso Torrence Wealth Management Inc. increased its stake in shares of Accenture by 2.0% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider's stock worth $511,000 after acquiring an additional 28 shares during the period. BSW Wealth Partners increased its stake in shares of Accenture by 0.7% during the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider's stock worth $1,441,000 after acquiring an additional 28 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Accenture by 5.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock worth $182,000 after acquiring an additional 28 shares during the period. Slow Capital Inc. increased its stake in shares of Accenture by 0.3% during the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider's stock worth $3,205,000 after acquiring an additional 29 shares during the period. Finally, Tradition Wealth Management LLC increased its stake in shares of Accenture by 0.3% during the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider's stock worth $3,871,000 after acquiring an additional 29 shares during the period. Institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACN. JPMorgan Chase & Co. boosted their price target on shares of Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. BNP Paribas lowered shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 target price on the stock. in a research report on Wednesday, October 30th. Robert W. Baird restated a "neutral" rating and set a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. 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 report on Friday, December 20th. Finally, StockNews.com raised shares of Accenture from a "hold" rating to a "buy" rating in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Accenture presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.22.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The shares were 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 of the company's stock, valued at $3,278,431.38. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 375 shares of the business's 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 of the company's stock, valued at $1,845,916.50. The trade was 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 valued at $8,316,190 in the last quarter. Company insiders own 0.02% of the company's stock.

Accenture Trading Down 1.3 %

Shares of ACN stock traded down $5.16 during mid-day trading on Thursday, reaching $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's 50 day simple moving average is $366.87 and its 200-day simple moving average is $355.57. 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 firm has a market capitalization of $240.97 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter last year, the firm posted $3.27 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

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.