BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Accenture plc (NYSE:ACN – Free Report) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,668 shares of the information technology services provider’s stock after acquiring an additional 10,994 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Accenture were worth $27,914,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Barrett & Company Inc. acquired a new stake in shares of Accenture in the first quarter worth $29,000. Sageworth Trust Co grew its stake in shares of Accenture by 872.7% in the first quarter. Sageworth Trust Co now owns 107 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 96 shares during the last quarter. Guardian Wealth Advisors LLC acquired a new stake in shares of Accenture in the first quarter worth $32,000. Elequin Securities LLC acquired a new stake in shares of Accenture in the fourth quarter worth $34,000. Finally, First Command Financial Services Inc. boosted its stake in Accenture by 131.6% during the first quarter. First Command Financial Services Inc. now owns 132 shares of the information technology services provider’s stock worth $38,000 after buying an additional 75 shares in the last quarter. Institutional investors own 70.42% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on ACN shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Accenture from $292.00 to $377.00 in a research note on Friday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $314.00 to $341.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. BMO Capital Markets downgraded shares of Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. StockNews.com started coverage on shares of Accenture in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Citigroup lifted their price target on Accenture from $306.00 to $358.00 in a report on Wednesday, June 14th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $330.55.
Accenture Stock Performance
Shares of NYSE ACN traded down $0.04 during mid-day trading on Wednesday, reaching $323.41. The company had a trading volume of 1,047,793 shares, compared to its average volume of 2,330,079. Accenture plc has a one year low of $242.80 and a one year high of $327.93. The firm has a market cap of $214.95 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 2.91 and a beta of 1.23. The business’s 50-day simple moving average is $312.08 and its 200 day simple moving average is $291.97.
Accenture (NYSE:ACN – Get Free Report) last released its earnings results on Thursday, June 22nd. The information technology services provider reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.23. The firm had revenue of $16.56 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Accenture had a return on equity of 30.47% and a net margin of 11.28%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.79 earnings per share. On average, sell-side analysts anticipate that Accenture plc will post 11.59 EPS for the current year.
Insider Transactions at Accenture
In related news, CAO Melissa A. Burgum sold 1,344 shares of Accenture stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $300.00, for a total value of $403,200.00. Following the transaction, the chief accounting officer now directly owns 10,506 shares of the company’s stock, valued at $3,151,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Melissa A. Burgum sold 1,344 shares of Accenture stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $300.00, for a total value of $403,200.00. Following the transaction, the chief accounting officer now directly owns 10,506 shares of the company’s stock, valued at $3,151,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,930 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $316.23, for a total value of $926,553.90. Following the completion of the transaction, the chief executive officer now directly owns 21,982 shares in the company, valued at $6,951,367.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,774 shares of company stock worth $8,138,451. Insiders own 0.08% of the company’s stock.
Accenture plc, a professional services company, provides strategy and consulting, interactive, 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 comprises 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 comprises turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.
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