Boston Standard Wealth Management LLC Takes Position in Accenture plc (NYSE:ACN)

Boston Standard Wealth Management LLC bought a new position in shares of Accenture plc (NYSE:ACNGet Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,068 shares of the information technology services provider’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACN. New World Advisors LLC purchased a new stake in shares of Accenture in the third quarter worth about $341,000. Dark Forest Capital Management LP acquired a new position in Accenture during the 3rd quarter worth approximately $55,000. Balyasny Asset Management LLC grew its position in Accenture by 331.1% in the third quarter. Balyasny Asset Management LLC now owns 421,107 shares of the information technology services provider’s stock valued at $134,721,000 after acquiring an additional 323,422 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Accenture during the third quarter valued at approximately $101,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Accenture during the third quarter worth $91,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.

ACN has been the topic of a number of recent analyst reports. Cowen cut their price objective on shares of Accenture from $375.00 to $330.00 in a report on Wednesday, June 15th. BMO Capital Markets cut their price target on Accenture from $460.00 to $385.00 in a research note on Friday, March 18th. StockNews.com initiated coverage on Accenture in a research note on Thursday, March 31st. They set a “buy” rating for the company. Piper Sandler cut their target price on Accenture from $433.00 to $368.00 and set a “neutral” rating on the stock in a research report on Friday, March 18th. Finally, Robert W. Baird decreased their price target on shares of Accenture from $378.00 to $340.00 and set a “neutral” rating for the company in a research report on Tuesday, June 14th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average price target of $375.85.

Shares of Accenture stock traded up $3.47 on Wednesday, reaching $286.20. 13,033 shares of the company were exchanged, compared to its average volume of 2,118,186. Accenture plc has a 1-year low of $268.17 and a 1-year high of $417.37. The firm has a market cap of $181.43 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 2.55 and a beta of 1.24. The company’s 50-day moving average is $296.41 and its two-hundred day moving average is $330.59.

In other Accenture news, insider Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on Monday, April 18th. The stock was sold at an average price of $315.13, for a total transaction of $1,969,562.50. Following the sale, the insider now owns 165,866 shares of the company’s stock, valued at approximately $52,269,352.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 3,287 shares of the business’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $315.22, for a total value of $1,036,128.14. Following the transaction, the chief executive officer now owns 19,836 shares of the company’s stock, valued at approximately $6,252,703.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,757 shares of company stock valued at $3,386,681. 0.07% of the stock is owned by company insiders.

Accenture Company Profile (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations 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 liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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