DecisionMap Wealth Management LLC Acquires New Stake in Accenture plc (NYSE:ACN)

DecisionMap Wealth Management LLC acquired a new stake in Accenture plc (NYSE:ACN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,240 shares of the information technology services provider’s stock, valued at approximately $788,000.

Other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in Accenture in the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. lifted its position 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 buying an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Accenture during the 3rd quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Accenture during the 4th quarter worth about $30,000. Finally, POM Investment Strategies LLC lifted its position 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 buying an additional 34 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now owns 9,247 shares in the company, valued at $3,278,431.38. This represents a 13.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the sale, the chief financial officer now directly owns 8,674 shares of the company’s stock, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock worth $8,316,190 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Down 1.1 %

Shares of ACN opened at $324.25 on Thursday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The firm has a market cap of $202.91 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The firm’s 50-day simple moving average is $364.36 and its 200 day simple moving average is $358.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (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 firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. During the same quarter in the prior year, the business posted $3.27 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACN has been the topic of several analyst reports. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Jefferies Financial Group cut their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley boosted their price target on shares of Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. BMO Capital Markets boosted their price target on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $388.96.

About Accenture

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.