Accenture plc (NYSE:ACN) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its holdings in Accenture plc (NYSE:ACN) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,570 shares of the information technology services provider’s stock after selling 67 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Accenture were worth $18,845,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ACN. Magnolia Private Wealth LLC purchased a new position in Accenture during the 4th quarter valued at about $405,000. Bryn Mawr Capital Management LLC lifted its position in shares of Accenture by 0.9% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 35,622 shares of the information technology services provider’s stock worth $12,531,000 after purchasing an additional 304 shares in the last quarter. National Pension Service boosted its stake in shares of Accenture by 1.1% in the fourth quarter. National Pension Service now owns 1,288,605 shares of the information technology services provider’s stock valued at $453,318,000 after purchasing an additional 13,569 shares during the period. Lake Street Advisors Group LLC increased its stake in Accenture by 1.5% during the 4th quarter. Lake Street Advisors Group LLC now owns 10,454 shares of the information technology services provider’s stock worth $3,678,000 after buying an additional 159 shares during the period. Finally, Kirtland Hills Capital Management LLC lifted its holdings in Accenture by 3.4% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 4,472 shares of the information technology services provider’s stock worth $1,573,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group boosted their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research note on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, Jefferies Financial Group decreased their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $387.22.

Accenture Stock Down 0.2 %

ACN stock opened at $363.22 on Wednesday. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $227.30 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company has a fifty day moving average price of $367.73 and a 200 day moving average price of $357.32.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The firm 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%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $3.27 earnings per share. Sell-side analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Insider Activity

In related news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now owns 9,247 shares in the company, valued at $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock worth $8,316,190 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Accenture 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.