Accenture plc (NYSE:ACN) Shares Purchased by Norway Savings Bank

Norway Savings Bank raised its position in Accenture plc (NYSE:ACN) by 89.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,895 shares of the information technology services provider’s stock after purchasing an additional 1,370 shares during the quarter. Norway Savings Bank’s holdings in Accenture were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Cadence Bank boosted its holdings in shares of Accenture by 0.7% in the first quarter. Cadence Bank now owns 4,999 shares of the information technology services provider’s stock valued at $1,686,000 after acquiring an additional 36 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Accenture by 5.1% during the first quarter. Versant Capital Management Inc now owns 758 shares of the information technology services provider’s stock worth $217,000 after buying an additional 37 shares in the last quarter. Richard W. Paul & Associates LLC boosted its holdings in Accenture by 2.9% during the first quarter. Richard W. Paul & Associates LLC now owns 1,316 shares of the information technology services provider’s stock worth $376,000 after buying an additional 37 shares in the last quarter. Capital Advisory Group Advisory Services LLC boosted its holdings in Accenture by 3.3% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 1,236 shares of the information technology services provider’s stock worth $330,000 after buying an additional 39 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its holdings in Accenture by 2.5% during the first quarter. S.E.E.D. Planning Group LLC now owns 1,612 shares of the information technology services provider’s stock worth $461,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Accenture from $314.00 to $341.00 and gave the stock an “overweight” rating in a report on Tuesday, August 22nd. Morgan Stanley increased their target price on shares of Accenture from $340.00 to $356.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Accenture from $292.00 to $377.00 in a report on Friday, June 9th. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Finally, Citigroup raised their target price on shares of Accenture from $306.00 to $358.00 in a research note on Wednesday, June 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $335.25.

Accenture Trading Down 1.3 %

ACN stock traded down $4.06 during trading on Friday, hitting $312.53. 3,339,266 shares of the stock traded hands, compared to its average volume of 2,313,004. Accenture plc has a one year low of $242.80 and a one year high of $330.43. The stock has a market cap of $207.72 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.68 and a beta of 1.22. The company has a 50 day simple moving average of $316.31 and a 200 day simple moving average of $296.14.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.23. The business had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $16.49 billion. Accenture had a net margin of 11.28% and a return on equity of 30.47%. Accenture’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.79 earnings per share. As a group, analysts predict that Accenture plc will post 11.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 1,344 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $300.00, for a total transaction of $403,200.00. Following the completion of the sale, 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 at this link. In related news, General Counsel Joel Unruch sold 7,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $320.60, for a total value of $2,244,200.00. Following the completion of the transaction, the general counsel now owns 36,034 shares of the company’s stock, valued at $11,552,500.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,344 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $300.00, for a total transaction of $403,200.00. Following the completion of the sale, the chief accounting officer now owns 10,506 shares of the company’s stock, valued at approximately $3,151,800. The disclosure for this sale can be found here. Insiders sold a total of 25,774 shares of company stock valued at $8,138,451 over the last ninety days. Insiders own 0.08% of the company’s stock.

Accenture Profile

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.