New Hampshire Trust Grows Holdings in Accenture plc (NYSE:ACN)

New Hampshire Trust increased its position in shares of Accenture plc (NYSE:ACN) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,237 shares of the information technology services provider’s stock after buying an additional 277 shares during the period. New Hampshire Trust’s holdings in Accenture were worth $1,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Accenture in the 1st quarter worth about $28,000. Barrett & Company Inc. bought a new stake in shares of Accenture in the 1st quarter worth about $29,000. Sageworth Trust Co increased its position in shares of Accenture by 872.7% in the 1st quarter. Sageworth Trust Co now owns 107 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 96 shares during the last quarter. Guardian Wealth Advisors LLC bought a new stake in shares of Accenture in the 1st quarter worth about $32,000. Finally, First Command Financial Services Inc. increased its position in shares of Accenture by 131.6% in the 1st quarter. First Command Financial Services Inc. now owns 132 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 70.42% of the company’s stock.

Insider Activity at Accenture

In other news, insider Ellyn Shook sold 5,250 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $315.00, for a total value of $1,653,750.00. Following the sale, the insider now owns 21,958 shares of the company’s stock, valued at $6,916,770. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Accenture news, General Counsel Joel Unruch sold 7,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $320.60, for a total transaction of $2,244,200.00. Following the sale, the general counsel now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ellyn Shook sold 5,250 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $315.00, for a total transaction of $1,653,750.00. Following the completion of the transaction, the insider now owns 21,958 shares in the company, valued at $6,916,770. The disclosure for this sale can be found here. Insiders have sold 25,774 shares of company stock worth $8,138,451 in the last ninety days. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Accenture from $292.00 to $377.00 in a report on Friday, June 9th. Citigroup lifted their price target on shares of Accenture from $306.00 to $358.00 in a report on Wednesday, June 14th. Stifel Nicolaus lifted their price target on shares of Accenture from $310.00 to $343.00 in a report on Thursday, June 15th. Societe Generale lifted their price target on shares of Accenture from $314.00 to $373.00 and gave the company a “buy” rating in a report on Friday, July 7th. Finally, BMO Capital Markets lowered shares of Accenture from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $335.25.

Accenture Price Performance

Shares of NYSE ACN traded down $4.06 during mid-day trading on Friday, hitting $312.53. The company’s stock had a trading volume of 3,339,266 shares, compared to its average volume of 2,313,004. The stock has a market cap of $207.72 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.68 and a beta of 1.22. Accenture plc has a one year low of $242.80 and a one year high of $330.43. The company’s fifty day simple moving average is $316.31 and its 200-day simple moving average is $296.14.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.23. The business had revenue of $16.56 billion for 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% on a year-over-year basis. During the same period last year, the company posted $2.79 EPS. On average, sell-side analysts predict that Accenture plc will post 11.6 EPS for the current year.

Accenture Company 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.