Accenture plc (NYSE:ACN) Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC grew its stake in shares of Accenture plc (NYSE:ACN) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,407 shares of the information technology services provider’s stock after acquiring an additional 728 shares during the period. Great Lakes Advisors LLC’s holdings in Accenture were worth $16,677,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ACN. Morse Asset Management Inc acquired a new position in Accenture during the 3rd quarter worth $25,000. FPC Investment Advisory Inc. grew 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 acquiring an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Accenture during the 3rd quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Accenture in the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC boosted its holdings in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 34 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on ACN shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. BMO Capital Markets lifted their price target 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. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and lifted their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. Piper Sandler lifted their price objective on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus target price of $388.96.

Accenture Stock Down 1.1 %

NYSE ACN opened at $324.25 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50 day simple moving average is $364.36 and its 200 day simple moving average is $358.39. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The company has a market capitalization of $202.91 billion, a P/E ratio of 27.20, a PEG ratio of 3.23 and a beta of 1.24.

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

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the sale, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at $3,516,610.90. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock worth $8,316,190 in the last ninety days. 0.02% of the stock is currently owned by corporate 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.