Ashburton Jersey Ltd acquired a new stake in shares of Accenture plc (NYSE:ACN – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 500 shares of the information technology services provider’s stock, valued at approximately $143,000.
Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Accenture during the first quarter valued at approximately $28,000. Barrett & Company Inc. bought a new position in shares of Accenture during the first quarter valued at approximately $29,000. Sageworth Trust Co raised its holdings in shares of Accenture by 872.7% during the first quarter. Sageworth Trust Co now owns 107 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 96 shares in the last quarter. Guardian Wealth Advisors LLC bought a new position in shares of Accenture during the first quarter valued at approximately $32,000. Finally, Elequin Securities LLC bought a new position in shares of Accenture during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.
Analyst Upgrades and Downgrades
ACN has been the subject of a number of research reports. Piper Jaffray Companies decreased their price objective on Accenture from $316.00 to $314.00 and set a “neutral” rating for the company in a report on Friday, June 23rd. JPMorgan Chase & Co. increased their price objective on Accenture from $314.00 to $341.00 and gave the stock an “overweight” rating in a report on Tuesday, August 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Accenture from $292.00 to $377.00 in a report on Friday, June 9th. Robert W. Baird increased their target price on Accenture from $316.00 to $332.00 and gave the stock a “neutral” rating in a research note on Friday, September 8th. Finally, Stifel Nicolaus increased their target price on Accenture from $310.00 to $343.00 in a research note on Thursday, June 15th. Seven equities research 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, Accenture has an average rating of “Moderate Buy” and an average target price of $335.25.
Insider Buying and Selling
In related news, CEO Leonardo Framil sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $311.52, for a total value of $934,560.00. Following the transaction, the chief executive officer now directly owns 16,898 shares of the company’s stock, valued at approximately $5,264,064.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Joel Unruch sold 7,000 shares of the company’s stock in a transaction that occurred 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 sale, the general counsel now directly owns 36,034 shares of the company’s stock, valued at approximately $11,552,500.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Leonardo Framil sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $311.52, for a total value of $934,560.00. Following the sale, the chief executive officer now directly owns 16,898 shares in the company, valued at $5,264,064.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,774 shares of company stock valued at $8,138,451. Corporate insiders own 0.08% of the company’s stock.
Accenture Trading Down 3.3 %
Shares of NYSE:ACN opened at $315.17 on Wednesday. The stock has a 50 day moving average of $315.93 and a 200 day moving average of $295.33. The company has a market cap of $209.48 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.79 and a beta of 1.22. Accenture plc has a 12-month low of $242.80 and a 12-month high of $330.43.
Accenture (NYSE:ACN – Get Free Report) last announced 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. Accenture had a return on equity of 30.47% and a net margin of 11.28%. The company had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the previous year, the company posted $2.79 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that Accenture plc will post 11.59 earnings per share for the current fiscal year.
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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