Accenture plc (NYSE:ACN) Holdings Increased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of Accenture plc (NYSE:ACN - Free Report) by 29.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,718 shares of the information technology services provider's stock after purchasing an additional 1,521 shares during the quarter. Venturi Wealth Management LLC's holdings in Accenture were worth $2,363,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ACN. Swedbank AB boosted its position in Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider's stock worth $901,967,000 after acquiring an additional 363,401 shares during the last quarter. AA Financial Advisors LLC purchased a new position in Accenture in the 3rd quarter worth approximately $270,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Accenture by 10.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 202,330 shares of the information technology services provider's stock worth $71,520,000 after purchasing an additional 19,958 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of Accenture by 2.5% in the third quarter. Brown Lisle Cummings Inc. now owns 23,006 shares of the information technology services provider's stock valued at $8,132,000 after purchasing an additional 570 shares in the last quarter. Finally, Violich Capital Management Inc. increased its holdings in shares of Accenture by 2.8% in the third quarter. Violich Capital Management Inc. now owns 36,977 shares of the information technology services provider's stock valued at $13,071,000 after purchasing an additional 1,000 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Wolfe Research raised shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective for the company 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 target price on the stock. in a research note on Wednesday, October 30th. Piper Sandler boosted their target price on shares of Accenture from $422.00 to $429.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Finally, Morgan Stanley raised 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. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $387.22.

Insider Activity at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the sale, the chief accounting officer now owns 8,915 shares of the company's stock, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock worth $8,316,190 over the last 90 days. Company insiders own 0.02% of the company's stock.

Accenture Trading Down 5.3 %

NYSE ACN traded down $20.49 during trading on Friday, hitting $364.35. The stock had a trading volume of 3,747,836 shares, compared to its average volume of 2,728,130. The company has a market capitalization of $228.00 billion, a PE ratio of 30.57, a PEG ratio of 3.46 and a beta of 1.24. Accenture plc has a twelve month low of $278.69 and a twelve 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 50 day moving average price of $367.48 and a 200 day moving average price of $356.12.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the firm earned $3.27 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Accenture plc will post 12.73 earnings per share for the current 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.