Aviso Financial Inc. Purchases 489 Shares of Accenture plc (NYSE:ACN)

Aviso Financial Inc. increased its position in Accenture plc (NYSE:ACN) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,059 shares of the information technology services provider’s stock after acquiring an additional 489 shares during the quarter. Aviso Financial Inc.’s holdings in Accenture were worth $5,649,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Morse Asset Management Inc bought a new position in Accenture during the 3rd quarter valued at about $25,000. FPC Investment Advisory Inc. lifted its stake in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Accenture during the 3rd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Accenture during the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC lifted its stake in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 34 shares during the period. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the topic of several research analyst reports. Robert W. Baird restated a “neutral” rating and set a $370.00 target price on shares of Accenture in a research note on Tuesday, December 3rd. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group upped their price target on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus reduced their price target on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Piper Sandler upped their price target 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. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $388.96.

Insider Activity

In other news, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now directly owns 8,915 shares in the company, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction on 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 owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is currently owned by insiders.

Accenture Trading Down 2.4 %

ACN stock opened at $316.48 on Friday. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $198.05 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 3.23 and a beta of 1.24. The business has a 50 day simple moving average of $363.72 and a two-hundred day simple moving average of $358.10.

Accenture (NYSE:ACN) 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 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 business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the company posted $3.27 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts anticipate 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.