Mather Group LLC. Sells 184 Shares of Accenture PLC $ACN

Mather Group LLC. reduced its position in shares of Accenture PLC (NYSE:ACN) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,057 shares of the information technology services provider’s stock after selling 184 shares during the period. Mather Group LLC.’s holdings in Accenture were worth $2,408,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ACN. Park Square Financial Group LLC bought a new stake in shares of Accenture during the 4th quarter worth $31,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture in the first quarter worth about $31,000. Inlight Wealth Management LLC purchased a new position in Accenture in the first quarter valued at about $32,000. WPG Advisers LLC bought a new position in shares of Accenture during the 1st quarter valued at approximately $42,000. Finally, Atwood & Palmer Inc. increased its stake in shares of Accenture by 407.4% during the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 110 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACN shares. Mizuho set a $348.00 price objective on Accenture and gave the company an “outperform” rating in a report on Tuesday, June 24th. HSBC started coverage on Accenture in a research note on Monday, July 28th. They issued a “reduce” rating and a $240.00 price objective on the stock. Susquehanna reduced their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, September 18th. TD Cowen lowered their price target on shares of Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Finally, Wolfe Research cut their price objective on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.83.

Accenture Price Performance

Accenture stock opened at $239.29 on Thursday. The business has a 50-day simple moving average of $255.29 and a 200 day simple moving average of $287.60. Accenture PLC has a 52 week low of $234.10 and a 52 week high of $398.35. The stock has a market cap of $149.87 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 2.03 and a beta of 1.29. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares of the company’s stock, valued at $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 over the last three months. 0.02% of the stock is owned by corporate insiders.

About Accenture

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.