M. Kulyk & Associates LLC Has $6.96 Million Stock Holdings in Accenture plc (NYSE:ACN)

M. Kulyk & Associates LLC lessened its holdings in shares of Accenture plc (NYSE:ACN) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,792 shares of the information technology services provider’s stock after selling 1,307 shares during the period. Accenture makes up approximately 1.5% of M. Kulyk & Associates LLC’s holdings, making the stock its 21st largest position. M. Kulyk & Associates LLC’s holdings in Accenture were worth $6,962,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ACN. Swedbank AB lifted its position in shares of Accenture by 16.6% during the 3rd 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. Cozad Asset Management Inc. bought a new position in Accenture during the third quarter valued at about $225,000. TFB Advisors LLC increased its stake in Accenture by 8.3% during the third quarter. TFB Advisors LLC now owns 727 shares of the information technology services provider’s stock valued at $257,000 after acquiring an additional 56 shares during the period. Fiera Capital Corp increased its stake in Accenture by 7.4% during the third quarter. Fiera Capital Corp now owns 45,609 shares of the information technology services provider’s stock valued at $16,122,000 after acquiring an additional 3,135 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Accenture during the third quarter valued at about $6,108,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 0.0 %

NYSE:ACN opened at $341.68 on Friday. The stock’s fifty day moving average price is $365.74 and its two-hundred day moving average price is $358.46. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $213.82 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter in the prior year, the business earned $3.27 EPS. 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.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 2,497 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.48, for a total value of $885,136.56. Following the transaction, the chief executive officer now owns 28,866 shares of the company’s stock, valued at $10,232,419.68. This represents a 7.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 375 shares of the stock in a transaction on Monday, December 23rd. The shares were 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 directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ACN shares. Robert W. Baird restated a “neutral” rating and set a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Stifel Nicolaus lowered their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and upped their price objective for the company from $370.00 to $420.00 in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price objective on 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $388.96.

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.