Souders Financial Advisors Boosts Stock Position in Accenture plc (NYSE:ACN)

Souders Financial Advisors raised its stake in shares of Accenture plc (NYSE:ACN) by 48.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,105 shares of the information technology services provider’s stock after acquiring an additional 361 shares during the period. Souders Financial Advisors’ holdings in Accenture were worth $389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACN. Morse Asset Management Inc purchased a new position in shares of Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. raised its stake in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after buying an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture during the 3rd quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Accenture during the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC raised its stake in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Up 0.7 %

Shares of Accenture stock opened at $348.27 on Thursday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm has a market cap of $217.94 billion, a PE ratio of 29.22, a P/E/G ratio of 3.23 and a beta of 1.24. The business’s fifty day moving average is $366.41 and its two-hundred day moving average is $358.30. 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 (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. During the same quarter in the prior year, the company posted $3.27 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Angie Y. Park sold 685 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares of the company’s stock, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the transaction, 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 ninety days, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ACN has been the subject of a number of analyst reports. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Robert W. Baird restated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. Piper Sandler upped their price target on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Jefferies Financial Group lowered 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. Finally, The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and upped their price target for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.