Generali Investments Towarzystwo Funduszy Inwestycyjnych Buys 200 Shares of Accenture plc (NYSE:ACN)

Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of Accenture plc (NYSE:ACN) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,982 shares of the information technology services provider’s stock after acquiring an additional 200 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Accenture were worth $1,753,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in Accenture during the third quarter worth $25,000. FPC Investment Advisory Inc. boosted its stake in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after buying an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Accenture during the third quarter worth $30,000. POM Investment Strategies LLC boosted its stake in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in Accenture during the fourth quarter worth $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of NYSE:ACN opened at $356.96 on Friday. The stock has a market capitalization of $223.38 billion, a P/E ratio of 29.95, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. 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 business has a 50-day moving average price of $367.64 and a two-hundred day moving average price of $357.33.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.27 EPS. Equities analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ACN shares. Piper Sandler lifted their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Morgan Stanley boosted their target price on shares of Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and boosted their target price for the company from $370.00 to $420.00 in a research note on Friday, December 6th. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus reduced their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average price target of $388.96.

Insiders Place Their Bets

In other news, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the sale, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at $3,516,610.90. This represents a 2.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,497 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the sale, the chief executive officer now directly owns 28,866 shares of the company’s stock, valued at approximately $10,232,419.68. This trade represents a 7.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently owned by insiders.

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.