Accenture plc (NYSE:ACN) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC boosted its position in shares of Accenture plc (NYSE:ACN - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,049 shares of the information technology services provider's stock after buying an additional 4,739 shares during the period. Private Advisor Group LLC's holdings in Accenture were worth $13,385,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in shares of Accenture in the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. purchased a new stake in Accenture during the third quarter valued at approximately $30,000. POM Investment Strategies LLC lifted its stake in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 34 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Accenture during the 4th quarter valued at approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock valued at $35,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Activity

In related news, CAO Melissa A. Burgum sold 1,487 shares of the company'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 transaction, the chief accounting officer now directly owns 9,247 shares of the company's stock, valued at $3,278,431.38. This represents a 13.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 completion of 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 represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,280 shares of company stock worth $8,316,190. Corporate insiders own 0.02% of the company's stock.

Accenture Stock Down 5.3 %

NYSE:ACN traded down $20.49 during trading hours on Friday, reaching $364.35. The company's stock had a trading volume of 3,747,836 shares, compared to its average volume of 2,728,130. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $228.00 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.24. 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 12 month low of $278.69 and a 12 month high of $398.35.

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

Analyst Ratings Changes

A number of research firms have weighed in on ACN. Piper Sandler boosted their price objective on shares of Accenture from $422.00 to $429.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price target on the stock in a report on Wednesday, January 8th. BNP Paribas downgraded shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 price objective for the company. in a research note on Wednesday, October 30th. StockNews.com raised Accenture from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group raised Accenture from a "neutral" rating to a "buy" rating and raised their price target for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Accenture has a consensus rating of "Moderate Buy" and a consensus target price of $387.22.

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.