Accenture plc (NYSE:ACN) Shares Purchased by Diversified Enterprises LLC

Diversified Enterprises LLC grew its holdings in shares of Accenture plc (NYSE:ACN) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,050 shares of the information technology services provider’s stock after purchasing an additional 206 shares during the period. Diversified Enterprises LLC’s holdings in Accenture were worth $721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA increased its position in Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after purchasing an additional 3,883 shares during the period. Davidson Trust Co. increased its position in Accenture by 7.4% during the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after purchasing an additional 158 shares during the period. Franklin Street Advisors Inc. NC increased its position in Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after purchasing an additional 22,391 shares during the period. Charles Schwab Investment Management Inc. increased its position in Accenture by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider’s stock worth $1,705,100,000 after purchasing an additional 56,937 shares during the period. Finally, China Universal Asset Management Co. Ltd. boosted its stake in shares of Accenture by 37.5% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock worth $1,088,000 after acquiring an additional 843 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Up 0.4 %

ACN stock opened at $318.28 on Friday. The company has a market cap of $199.17 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.23 and a beta of 1.24. 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 business has a fifty day simple moving average of $363.01 and a 200-day simple moving average of $357.97. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $17.15 billion. During the same period in the prior year, the firm earned $3.27 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that Accenture plc will post 12.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price target on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Stifel Nicolaus decreased their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Accenture in a research note on Tuesday, December 3rd. Finally, UBS Group upped their target price on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $387.52.

Insider Activity at Accenture

In other Accenture news, 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 transaction, the chief executive officer now directly owns 28,866 shares of the company’s stock, valued at $10,232,419.68. This represents a 7.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. The trade was a 6.79 % 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 worth $8,316,190. Corporate insiders own 0.02% of the company’s stock.

About Accenture

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.