Accenture plc (NYSE:ACN) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. decreased its stake in Accenture plc (NYSE:ACN) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 68,726 shares of the information technology services provider’s stock after selling 7,775 shares during the quarter. Achmea Investment Management B.V.’s holdings in Accenture were worth $24,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of Accenture in the third quarter valued at about $25,000. FPC Investment Advisory Inc. increased its holdings in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Accenture during the 3rd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Accenture during the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC increased its holdings in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Down 1.1 %

Shares of ACN stock opened at $324.25 on Thursday. The stock has a market cap of $202.91 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. 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 plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm’s 50 day moving average price is $364.36 and its two-hundred day moving average price is $358.39.

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

Analyst Upgrades and Downgrades

ACN has been the subject of several recent research reports. Robert W. Baird restated a “neutral” rating and set a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. BMO Capital Markets lifted their price target on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Stifel Nicolaus lowered their price target on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $388.96.

Insider Transactions at Accenture

In related news, CAO Melissa A. Burgum sold 232 shares of Accenture stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the sale, the chief accounting officer now owns 8,915 shares in the company, valued at approximately $3,516,610.90. The trade was a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company’s stock.

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.