Amundi Has $1.35 Billion Position in Accenture plc (NYSE:ACN)

Amundi grew its position in Accenture plc (NYSE:ACN) by 27.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,790,069 shares of the information technology services provider’s stock after buying an additional 826,038 shares during the quarter. Amundi owned 0.61% of Accenture worth $1,353,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baldwin Wealth Partners LLC MA raised its position in shares of Accenture by 6.5% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock valued at $22,314,000 after buying an additional 3,883 shares in the last quarter. Davidson Trust Co. increased its position in Accenture by 7.4% during the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after purchasing an additional 158 shares in the last quarter. Schrum Private Wealth Management LLC increased its position in Accenture by 78.6% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock worth $4,047,000 after purchasing an additional 5,038 shares in the last quarter. MQS Management LLC acquired a new position in Accenture during the 3rd quarter worth approximately $1,040,000. Finally, Franklin Street Advisors Inc. NC increased its position in Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after purchasing an additional 22,391 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Down 0.0 %

Shares of NYSE ACN opened at $341.68 on Friday. The firm has a market cap of $213.82 billion, a PE ratio of 28.66, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. The company’s fifty day simple moving average is $365.74 and its 200 day simple moving average is $358.27. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

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

Insider Activity

In other news, CEO Julie Spellman Sweet sold 2,497 shares of Accenture stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.48, for a total transaction of $885,136.56. Following the completion of the transaction, the chief executive officer now directly owns 28,866 shares in the company, valued at $10,232,419.68. This trade represents a 7.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock worth $8,316,190 over the last three months. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Jefferies Financial Group lowered their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird reiterated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. Morgan Stanley upped their price target on shares of Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Piper Sandler upped their price target on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $388.96.

Accenture Profile

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.