Whipplewood Advisors LLC Makes New $78,000 Investment in Accenture plc (NYSE:ACN)

Whipplewood Advisors LLC acquired a new position in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 223 shares of the information technology services provider’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. increased its holdings in 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 purchasing an additional 28 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Accenture during the 3rd quarter worth approximately $30,000. POM Investment Strategies LLC increased its holdings in 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 purchasing an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Accenture in the 4th quarter worth approximately $34,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the sale, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Melissa A. Burgum sold 232 shares of the business’s 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 sale, 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 90 days, insiders have sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Down 2.4 %

Shares of ACN stock opened at $348.28 on Friday. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a fifty day moving average of $367.28 and a two-hundred day moving average of $357.56. The firm has a market capitalization of $217.95 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS 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 the consensus estimate of $17.15 billion. During the same quarter in the previous year, the business earned $3.27 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts expect that Accenture plc will post 12.73 EPS for the current year.

Wall Street Analyst Weigh In

ACN has been the subject of several research reports. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. BMO Capital Markets lifted their target price on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Morgan Stanley lifted their target price on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. UBS Group lifted their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $388.96.

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.