Roffman Miller Associates Inc. PA Buys 751 Shares of Accenture plc (NYSE:ACN)

Roffman Miller Associates Inc. PA grew its stake in shares of Accenture plc (NYSE:ACN) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,386 shares of the information technology services provider’s stock after buying an additional 751 shares during the period. Accenture makes up 1.6% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 27th biggest position. Roffman Miller Associates Inc. PA’s holdings in Accenture were worth $25,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Swedbank AB boosted its holdings in Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after buying an additional 363,401 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Accenture by 4.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 25,853 shares of the information technology services provider’s stock valued at $9,139,000 after purchasing an additional 1,160 shares in the last quarter. Country Club Bank lifted its holdings in shares of Accenture by 8.0% during the 3rd quarter. Country Club Bank now owns 3,720 shares of the information technology services provider’s stock valued at $1,301,000 after purchasing an additional 274 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Accenture by 15.5% during the 3rd quarter. Allworth Financial LP now owns 11,823 shares of the information technology services provider’s stock valued at $4,179,000 after purchasing an additional 1,587 shares in the last quarter. Finally, Lyell Wealth Management LP bought a new position in shares of Accenture during the 3rd quarter valued at about $209,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ACN. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. UBS Group lifted their price objective on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Piper Sandler lifted their price objective on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and lifted their target price for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $387.22.

Accenture Stock Down 5.3 %

NYSE:ACN opened at $364.35 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $228.00 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 1.24. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The stock’s 50 day moving average price is $367.48 and its two-hundred day moving average price is $356.65.

Accenture (NYSE:ACN) last posted its 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. The business had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.27 EPS. Equities research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. The trade was a 42.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the completion of the sale, the general counsel now owns 20,526 shares of the company’s stock, valued at $7,446,422.28. This trade represents a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by insiders.

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.