Accenture plc (NYSE:ACN) Stock Holdings Raised by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI lifted its position in Accenture plc (NYSE:ACN) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,040 shares of the information technology services provider’s stock after buying an additional 53 shares during the quarter. Accenture makes up approximately 2.9% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 10th biggest holding. Arcadia Investment Management Corp MI’s holdings in Accenture were worth $17,955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB grew its position in Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock valued at $901,967,000 after acquiring an additional 363,401 shares during the last quarter. McAdam LLC grew its position in Accenture by 8.5% during the third quarter. McAdam LLC now owns 1,248 shares of the information technology services provider’s stock valued at $441,000 after acquiring an additional 98 shares during the last quarter. International Assets Investment Management LLC grew its position in Accenture by 37,788.5% during the third quarter. International Assets Investment Management LLC now owns 510,358 shares of the information technology services provider’s stock valued at $180,401,000 after acquiring an additional 509,011 shares during the last quarter. Spectrum Asset Management Inc. NB CA grew its position in Accenture by 1.6% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 11,871 shares of the information technology services provider’s stock valued at $4,196,000 after acquiring an additional 192 shares during the last quarter. Finally, YHB Investment Advisors Inc. grew its position in Accenture by 9.9% during the third quarter. YHB Investment Advisors Inc. now owns 8,500 shares of the information technology services provider’s stock valued at $3,005,000 after acquiring an additional 765 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the transaction, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This represents a 42.58 % 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. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

ACN has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Robert W. Baird restated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. BMO Capital Markets raised their target price 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. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a report on Wednesday, October 30th. Finally, Piper Sandler raised their target price on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

Accenture Stock Performance

Shares of Accenture stock opened at $385.06 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $240.97 billion, a P/E ratio of 32.30, a P/E/G ratio of 3.44 and a beta of 1.24. The business has a fifty day simple moving average of $367.37 and a two-hundred day simple moving average of $355.77. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35.

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

Accenture Company 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.