Rise Advisors LLC Increases Stock Holdings in Accenture plc (NYSE:ACN)

Rise Advisors LLC grew its position in Accenture plc (NYSE:ACNFree Report) by 5,316.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 325 shares of the information technology services provider’s stock after purchasing an additional 319 shares during the period. Rise Advisors LLC’s holdings in Accenture were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC boosted its position in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in Accenture during the fourth quarter worth $27,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Accenture in the fourth quarter valued at $29,000. Halpern Financial Inc. purchased a new stake in shares of Accenture in the 4th quarter valued at $31,000. Finally, Grayhawk Investment Strategies Inc. purchased a new position in Accenture during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Guggenheim reiterated a “buy” rating and issued a $395.00 price objective on shares of Accenture in a research note on Friday, May 24th. Morgan Stanley upped their target price on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Finally, Citigroup decreased their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $360.50.

Read Our Latest Analysis on ACN

Accenture Stock Up 7.1 %

Shares of NYSE ACN opened at $305.67 on Thursday. The business has a 50-day moving average price of $301.66 and a 200 day moving average price of $337.67. The stock has a market cap of $205.03 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21. Accenture plc has a 52-week low of $278.69 and a 52-week high of $387.51.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.01). Accenture had a return on equity of 28.30% and a net margin of 10.89%. The business had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $16.55 billion. During the same quarter last year, the business posted $3.19 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Accenture plc will post 12.06 earnings per share for the current year.

Insider Activity

In related news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,083 shares of company stock valued at $8,959,325. Insiders own 0.07% of the company’s stock.

About Accenture

(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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