Sigma Planning Corp Purchases 83 Shares of Accenture plc (NYSE:ACN)

Sigma Planning Corp increased its position in shares of Accenture plc (NYSE:ACN) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,526 shares of the information technology services provider’s stock after acquiring an additional 83 shares during the period. Sigma Planning Corp’s holdings in Accenture were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BSW Wealth Partners increased its stake in shares of Accenture by 0.7% in the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock valued at $1,441,000 after purchasing an additional 28 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Accenture by 5.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock valued at $182,000 after buying an additional 28 shares in the last quarter. Tradition Wealth Management LLC raised its stake in Accenture by 0.3% during the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock worth $3,871,000 after acquiring an additional 29 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of Accenture by 0.3% in the third quarter. TCW Group Inc. now owns 11,501 shares of the information technology services provider’s stock worth $4,065,000 after acquiring an additional 30 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. boosted its stake in shares of Accenture by 4.3% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 725 shares of the information technology services provider’s stock valued at $255,000 after purchasing an additional 30 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Stock Down 0.2 %

Shares of Accenture stock opened at $363.22 on Wednesday. The firm has a market cap of $227.30 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 3.23 and a beta of 1.24. The stock’s 50-day moving average is $367.73 and its 200 day moving average is $357.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a one year low of $278.69 and a one year high of $398.35.

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

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 2,497 shares of Accenture stock in a transaction 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 completion of the sale, the chief executive officer now owns 28,866 shares of the company’s stock, valued at approximately $10,232,419.68. This trade represents a 7.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was 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 approximately $3,278,431.38. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ACN shares. UBS Group increased their price objective on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and raised their price objective for the company from $370.00 to $420.00 in a report on Friday, December 6th. Piper Sandler upped their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

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.