Accenture plc (NYSE:ACN) Shares Purchased by Copperwynd Financial LLC

Copperwynd Financial LLC grew its holdings in Accenture plc (NYSE:ACN) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,031 shares of the information technology services provider’s stock after acquiring an additional 170 shares during the period. Copperwynd Financial LLC’s holdings in Accenture were worth $1,066,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Catalyst Funds Management Pty Ltd raised its stake in shares of Accenture by 237.5% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 5,400 shares of the information technology services provider’s stock valued at $1,900,000 after acquiring an additional 3,800 shares during the period. Zevin Asset Management LLC raised its stake in shares of Accenture by 4.6% in the 4th quarter. Zevin Asset Management LLC now owns 35,061 shares of the information technology services provider’s stock valued at $12,334,000 after acquiring an additional 1,529 shares during the period. Hills Bank & Trust Co raised its stake in shares of Accenture by 43.8% in the 4th quarter. Hills Bank & Trust Co now owns 3,255 shares of the information technology services provider’s stock valued at $1,145,000 after acquiring an additional 991 shares during the period. Picton Mahoney Asset Management raised its stake in shares of Accenture by 12,533.3% in the 4th quarter. Picton Mahoney Asset Management now owns 379 shares of the information technology services provider’s stock valued at $133,000 after acquiring an additional 376 shares during the period. Finally, Buckley Wealth Management LLC raised its stake in shares of Accenture by 2.3% in the 4th quarter. Buckley Wealth Management LLC now owns 2,388 shares of the information technology services provider’s stock valued at $840,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ACN shares. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group raised their price target on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price target on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Piper Sandler lowered their price target on shares of Accenture from $429.00 to $396.00 and set an “overweight” rating for the company in a report on Friday. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $387.52.

Accenture Trading Up 0.4 %

Shares of NYSE:ACN opened at $318.28 on Friday. 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. The company’s 50-day moving average price is $363.01 and its 200 day moving average price is $357.97. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate 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%. Accenture’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $3.27 EPS. Sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 2,497 shares of Accenture stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.48, for a total value of $885,136.56. Following the transaction, the chief executive officer now owns 28,866 shares of the company’s stock, valued at $10,232,419.68. The trade was a 7.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Melissa A. Burgum sold 232 shares of Accenture stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. This represents a 2.54 % 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 ninety days. 0.02% of the stock is owned by insiders.

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.