C WorldWide Group Holding A S Has $582,000 Stock Holdings in Accenture plc (NYSE:ACN)

C WorldWide Group Holding A S cut its holdings in Accenture plc (NYSE:ACN) by 68.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,655 shares of the information technology services provider’s stock after selling 3,576 shares during the quarter. C WorldWide Group Holding A S’s holdings in Accenture were worth $582,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ACN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Accenture by 378.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock valued at $1,941,219,000 after acquiring an additional 4,345,039 shares in the last quarter. Swedbank AB lifted its stake in Accenture by 47.5% in the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock valued at $1,324,029,000 after acquiring an additional 1,212,011 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Accenture by 2,666.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 715,219 shares of the information technology services provider’s stock valued at $251,607,000 after acquiring an additional 689,366 shares in the last quarter. Holocene Advisors LP bought a new stake in Accenture in the 3rd quarter valued at approximately $204,895,000. Finally, State Street Corp lifted its stake in Accenture by 1.8% in the 3rd quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider’s stock valued at $9,685,648,000 after acquiring an additional 471,792 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several research reports. UBS Group boosted their target price on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective on the stock. in a research note on Wednesday, October 30th. Jefferies Financial Group dropped their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley upped their price objective on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Robert W. Baird reiterated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.22.

Accenture Stock Performance

ACN opened at $364.35 on Monday. The firm has a market cap of $228.00 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 1.24. 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 business’s fifty day moving average is $367.48 and its 200-day moving average is $356.65.

Accenture (NYSE:ACN) last released its earnings results 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. The company had revenue of $17.69 billion for 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%. Accenture’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.27 EPS. Sell-side analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Insider Transactions at Accenture

In related news, insider Angela Beatty sold 375 shares of the firm’s 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 sale, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Melissa A. Burgum sold 232 shares of the firm’s stock in a transaction dated 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 directly owns 8,915 shares in the company, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. 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.