Accenture plc (NYSE:ACN) Stock Position Lifted by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. grew its position in shares of Accenture plc (NYSE:ACN) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,239 shares of the information technology services provider’s stock after buying an additional 82 shares during the period. Duncker Streett & Co. Inc.’s holdings in Accenture were worth $4,306,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in shares of Accenture in the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. lifted its holdings in shares of Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Accenture in the 3rd quarter worth approximately $30,000. POM Investment Strategies LLC lifted its holdings in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the 4th quarter worth approximately $34,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACN. Jefferies Financial Group cut their price target on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus cut their target price on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler lifted their target price on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley lifted their price target on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $388.96.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 2,497 shares of Accenture stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.48, for a total transaction of $885,136.56. Following the completion of the sale, the chief executive officer now owns 28,866 shares of the company’s stock, valued at approximately $10,232,419.68. This trade represents a 7.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Beatty sold 375 shares of Accenture 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 over the last quarter. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of NYSE ACN opened at $348.28 on Friday. The stock has a market capitalization of $217.95 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.23 and a beta of 1.24. The stock’s fifty day simple moving average is $367.28 and its 200 day simple moving average is $357.83. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.27 earnings per share. As a group, sell-side analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.

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.