Viawealth LLC Has $448,000 Stock Holdings in Accenture plc (NYSE:ACN)

Viawealth LLC lifted its stake in shares of Accenture plc (NYSE:ACN) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,274 shares of the information technology services provider’s stock after purchasing an additional 165 shares during the period. Viawealth LLC’s holdings in Accenture were worth $448,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Accenture in the third quarter valued at $25,000. FPC Investment Advisory Inc. lifted its stake in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture during the fourth quarter worth approximately $30,000. POM Investment Strategies LLC raised its stake in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Accenture during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Up 0.1 %

Shares of ACN opened at $324.52 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The firm has a market cap of $203.08 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 3.23 and a beta of 1.24. The business’s fifty day moving average is $361.19 and its 200-day moving average is $357.78.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The firm had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.27 earnings per share. Equities analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Insider Activity at Accenture

In other news, CFO Angie Y. Park sold 685 shares of Accenture stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the sale, the chief financial officer now directly owns 8,674 shares of the company’s stock, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the transaction, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 in the last quarter. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research analyst reports. Mizuho dropped their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research note on Wednesday. Piper Sandler cut their target price on shares of Accenture from $429.00 to $396.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus decreased their price target on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley cut their price objective on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price on the stock in a research note on Monday. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $384.45.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, 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 comprising 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 comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.