Heritage Investors Management Corp Buys 1,235 Shares of Accenture plc (NYSE:ACN)

Heritage Investors Management Corp grew its stake in shares of Accenture plc (NYSE:ACN) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,131 shares of the information technology services provider’s stock after buying an additional 1,235 shares during the quarter. Heritage Investors Management Corp’s holdings in Accenture were worth $18,691,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Swedbank AB grew its holdings in shares of Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after purchasing an additional 363,401 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in Accenture by 131.1% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 2,251 shares of the information technology services provider’s stock worth $796,000 after acquiring an additional 1,277 shares during the last quarter. Fortitude Family Office LLC increased its position in Accenture by 57.2% in the 3rd quarter. Fortitude Family Office LLC now owns 316 shares of the information technology services provider’s stock valued at $112,000 after acquiring an additional 115 shares during the period. Jacobsen Capital Management raised its stake in shares of Accenture by 41.5% during the third quarter. Jacobsen Capital Management now owns 935 shares of the information technology services provider’s stock valued at $331,000 after acquiring an additional 274 shares during the last quarter. Finally, Childress Capital Advisors LLC grew its stake in shares of Accenture by 9.2% in the third quarter. Childress Capital Advisors LLC now owns 1,679 shares of the information technology services provider’s stock worth $594,000 after purchasing an additional 142 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Trading Down 1.3 %

Shares of Accenture stock opened at $358.32 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 stock has a 50 day moving average price of $367.94 and a two-hundred day moving average price of $357.33. The stock has a market capitalization of $224.23 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $17.15 billion. During the same quarter in the previous year, the business posted $3.27 EPS. Accenture’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group raised their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. BMO Capital Markets upped their target price on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $388.96.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction 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. This represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock worth $8,316,190 in the last quarter. Insiders own 0.02% of the company’s stock.

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.