Curated Wealth Partners LLC Buys 71 Shares of Accenture plc (NYSE:ACN)

Curated Wealth Partners LLC boosted its stake in Accenture plc (NYSE:ACN) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,029 shares of the information technology services provider’s stock after purchasing an additional 71 shares during the period. Curated Wealth Partners LLC’s holdings in Accenture were worth $626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACN. United Bank raised its stake in shares of Accenture by 6.3% during the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock valued at $1,001,000 after acquiring an additional 176 shares during the last quarter. Weitz Investment Management Inc. raised its stake in shares of Accenture by 1.3% during the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock valued at $30,148,000 after acquiring an additional 1,168 shares during the last quarter. Fund Management at Engine No. 1 LLC bought a new position in shares of Accenture during the first quarter valued at $1,805,000. Guardian Wealth Management Inc. raised its stake in shares of Accenture by 0.6% during the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock valued at $2,459,000 after acquiring an additional 41 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Accenture by 104.8% during the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock valued at $148,871,000 after acquiring an additional 225,943 shares during the last quarter. Institutional investors own 70.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACN. Piper Jaffray Companies dropped their price target on shares of Accenture from $316.00 to $314.00 and set a “neutral” rating for the company in a research note on Friday, June 23rd. Barclays lifted their target price on shares of Accenture from $340.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, September 11th. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. TD Cowen lifted their target price on shares of Accenture from $300.00 to $312.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Accenture from $292.00 to $377.00 in a research note on Friday, June 9th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $335.25.

Accenture Price Performance

Shares of NYSE ACN opened at $312.53 on Friday. The stock has a market capitalization of $207.72 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.68 and a beta of 1.22. The company has a 50-day moving average price of $316.31 and a 200-day moving average price of $296.14. Accenture plc has a 1 year low of $242.80 and a 1 year high of $330.43.

Accenture (NYSE:ACN) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $16.49 billion. Accenture had a net margin of 11.28% and a return on equity of 30.47%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.79 earnings per share. As a group, equities research analysts anticipate that Accenture plc will post 11.6 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Melissa A. Burgum sold 1,344 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $300.00, for a total transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Leonardo Framil sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $311.52, for a total transaction of $934,560.00. Following the transaction, the chief executive officer now directly owns 16,898 shares of the company’s stock, valued at $5,264,064.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,344 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $300.00, for a total transaction of $403,200.00. Following the transaction, the chief accounting officer now directly owns 10,506 shares in the company, valued at $3,151,800. The disclosure for this sale can be found here. Insiders sold 25,774 shares of company stock worth $8,138,451 over the last three months. 0.08% of the stock is currently owned by insiders.

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.