Accenture plc (NYSE:ACN) Shares Acquired by Associated Banc Corp

Associated Banc Corp grew its position in Accenture plc (NYSE:ACN) by 13.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,341 shares of the information technology services provider’s stock after acquiring an additional 161 shares during the quarter. Associated Banc Corp’s holdings in Accenture were worth $472,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in shares of Accenture in the third quarter worth about $25,000. FPC Investment Advisory Inc. increased its stake in shares of Accenture by 62.2% during the fourth 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 in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Accenture during the third quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Accenture during the fourth quarter worth about $30,000. Finally, POM Investment Strategies LLC increased its stake in shares of Accenture by 64.2% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at $4,677,625.26. This trade represents a 42.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock valued at $8,316,190 in the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 0.4 %

Shares of NYSE:ACN opened at $318.28 on Friday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The company’s 50 day moving average is $363.01 and its two-hundred day moving average is $358.10. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $199.17 billion, a PE ratio of 26.70, a P/E/G ratio of 3.23 and a beta of 1.24.

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Morgan Stanley boosted their target price on shares of Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. BMO Capital Markets boosted their target price on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Jefferies Financial Group decreased their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $387.52.

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.