Zurcher Kantonalbank Zurich Cantonalbank Has $180.12 Million Holdings in Accenture plc (NYSE:ACN)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Accenture plc (NYSE:ACN) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 512,007 shares of the information technology services provider’s stock after selling 23,653 shares during the quarter. Accenture comprises 0.5% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 24th biggest holding. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Accenture worth $180,119,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Sound View Wealth Advisors Group LLC increased its position in Accenture by 16.6% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,610 shares of the information technology services provider’s stock worth $566,000 after buying an additional 229 shares during the period. Enterprise Financial Services Corp increased its position in Accenture by 4.1% during the fourth quarter. Enterprise Financial Services Corp now owns 2,402 shares of the information technology services provider’s stock worth $845,000 after acquiring an additional 95 shares during the period. Argentarii LLC acquired a new position in Accenture during the 4th quarter valued at $422,000. United Community Bank boosted its holdings in Accenture by 1.5% in the 4th quarter. United Community Bank now owns 2,069 shares of the information technology services provider’s stock valued at $728,000 after purchasing an additional 30 shares during the period. Finally, Amundi grew its position in Accenture by 27.9% in the 4th quarter. Amundi now owns 3,790,069 shares of the information technology services provider’s stock worth $1,353,909,000 after purchasing an additional 826,038 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 375 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % 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 over the last 90 days. Insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets lifted their target price on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. Piper Sandler raised their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Jefferies Financial Group lowered their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $388.96.

Accenture Trading Down 0.0 %

ACN opened at $341.68 on Monday. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The firm has a 50-day moving average price of $365.74 and a two-hundred day moving average price of $358.64. The stock has a market capitalization of $213.82 billion, a PE ratio of 28.66, a PEG ratio of 3.23 and a beta of 1.24. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

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

Accenture Company 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.