Accenture plc (NYSE:ACN) Shares Bought by IFP Advisors Inc

IFP Advisors Inc increased its holdings in Accenture plc (NYSE:ACNFree Report) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,753 shares of the information technology services provider’s stock after buying an additional 520 shares during the period. IFP Advisors Inc’s holdings in Accenture were worth $4,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Jag Capital Management LLC grew its position in Accenture by 0.3% in the 3rd quarter. Jag Capital Management LLC now owns 9,271 shares of the information technology services provider’s stock valued at $2,847,000 after buying an additional 31 shares during the last quarter. Jump Financial LLC boosted its position in shares of Accenture by 3.6% in the 3rd quarter. Jump Financial LLC now owns 917 shares of the information technology services provider’s stock worth $282,000 after buying an additional 32 shares in the last quarter. Rainsberger Wealth Advisors Inc. boosted its position in shares of Accenture by 0.4% in the 3rd quarter. Rainsberger Wealth Advisors Inc. now owns 9,188 shares of the information technology services provider’s stock worth $2,822,000 after buying an additional 33 shares in the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of Accenture by 1.9% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,833 shares of the information technology services provider’s stock worth $563,000 after buying an additional 34 shares in the last quarter. Finally, Lodestone Wealth Management LLC boosted its position in shares of Accenture by 3.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 1,099 shares of the information technology services provider’s stock worth $337,000 after buying an additional 34 shares in the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACN has been the subject of several analyst reports. BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 target price for the company in a research note on Wednesday, January 17th. Citigroup upped their price objective on shares of Accenture from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets upped their price objective on shares of Accenture from $350.00 to $385.00 and gave the company a “market perform” rating in a research note on Wednesday, December 20th. Mizuho initiated coverage on shares of Accenture in a research note on Tuesday, January 30th. They set a “buy” rating and a $426.00 price objective for the company. Finally, Morgan Stanley boosted their target price on Accenture from $369.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $372.45.

Check Out Our Latest Analysis on Accenture

Insider Buying and Selling at Accenture

In other Accenture news, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the sale, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Manish Sharma sold 1,486 shares of Accenture stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the sale, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kathleen R. Mcclure sold 2,070 shares of Accenture stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.32, for a total transaction of $766,562.40. Following the sale, the chief financial officer now owns 47,110 shares in the company, valued at $17,445,775.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,551 shares of company stock worth $9,739,791. 0.07% of the stock is owned by insiders.

Accenture Price Performance

Shares of ACN opened at $374.60 on Friday. The business’s fifty day moving average price is $368.57 and its 200 day moving average price is $338.86. Accenture plc has a 12-month low of $243.52 and a 12-month high of $387.51. The stock has a market capitalization of $234.99 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 3.51 and a beta of 1.20.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Tuesday, December 19th. The information technology services provider reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.13. The company had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Accenture had a return on equity of 29.08% and a net margin of 10.65%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $3.08 earnings per share. As a group, research analysts anticipate that Accenture plc will post 12.21 earnings per share for the current fiscal year.

Accenture Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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