Piscataqua Savings Bank lowered its position in shares of Accenture plc (NYSE:ACN – Free Report) by 7.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 834 shares of the information technology services provider’s stock after selling 72 shares during the period. Piscataqua Savings Bank’s holdings in Accenture were worth $257,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Accenture by 1.3% in the first quarter. BlackRock Inc. now owns 48,035,644 shares of the information technology services provider’s stock valued at $13,729,067,000 after buying an additional 634,462 shares during the period. State Street Corp increased its position in Accenture by 2.7% in the 1st quarter. State Street Corp now owns 26,453,884 shares of the information technology services provider’s stock valued at $7,560,765,000 after acquiring an additional 704,657 shares during the period. Morgan Stanley raised its stake in shares of Accenture by 14.9% during the fourth quarter. Morgan Stanley now owns 16,642,841 shares of the information technology services provider’s stock valued at $4,440,976,000 after acquiring an additional 2,163,582 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Accenture by 21.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,535,663 shares of the information technology services provider’s stock worth $3,297,009,000 after purchasing an additional 2,060,646 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Accenture by 1.7% in the first quarter. Geode Capital Management LLC now owns 11,463,180 shares of the information technology services provider’s stock valued at $3,269,319,000 after purchasing an additional 191,640 shares during the period. Institutional investors and hedge funds own 70.42% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. BMO Capital Markets lowered Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reduced their price objective on shares of Accenture from $316.00 to $314.00 and set a “neutral” rating on the stock in a research note on Friday, June 23rd. Piper Sandler upgraded Accenture from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $250.00 to $316.00 in a report on Wednesday, June 14th. Stifel Nicolaus upped their target price on Accenture from $310.00 to $343.00 in a research report on Thursday, June 15th. Finally, Barclays raised their price objective on shares of Accenture from $340.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, September 11th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $335.25.
Accenture Trading Up 1.1 %
Shares of Accenture stock opened at $315.91 on Tuesday. The firm has a market capitalization of $209.97 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22. Accenture plc has a 12 month low of $242.80 and a 12 month high of $330.43. The business’s fifty day simple moving average is $316.31 and its 200 day simple moving average is $296.37.
Accenture (NYSE:ACN – Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $16.49 billion. Accenture had a return on equity of 30.47% and a net margin of 11.28%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $2.79 EPS. Analysts predict that Accenture plc will post 11.6 EPS for the current fiscal year.
Insider Transactions at Accenture
In other Accenture news, General Counsel Joel Unruch sold 7,000 shares of Accenture stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $320.60, for a total transaction of $2,244,200.00. Following the completion of the sale, the general counsel now owns 36,034 shares of the company’s stock, valued at $11,552,500.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Melissa A. Burgum sold 1,344 shares of Accenture stock in a transaction on Monday, June 26th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 7,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $320.60, for a total transaction of $2,244,200.00. Following the completion of the sale, the general counsel now directly owns 36,034 shares in the company, valued at approximately $11,552,500.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,774 shares of company stock valued at $8,138,451. Insiders own 0.08% of the company’s stock.
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.
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