Accenture plc (NYSE:ACN) Shares Acquired by Larson Financial Group LLC

by · The Markets Daily

Larson Financial Group LLC grew its holdings in Accenture plc (NYSE:ACN – Free Report) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the information technology services provider’s stock after purchasing an additional 186 shares during the quarter. Larson Financial Group LLC’s holdings in Accenture were worth $457,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ACN. Baldwin Wealth Partners LLC MA boosted its position in Accenture by 6.5% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after acquiring an additional 3,883 shares during the last quarter. Davidson Trust Co. boosted its position in Accenture by 7.4% during the fourth quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after acquiring an additional 158 shares during the last quarter. Schrum Private Wealth Management LLC boosted its position in Accenture by 78.6% during the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock worth $4,047,000 after acquiring an additional 5,038 shares during the last quarter. MQS Management LLC acquired a new stake in Accenture during the third quarter worth approximately $1,040,000. Finally, Franklin Street Advisors Inc. NC boosted its position in Accenture by 126.8% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after acquiring an additional 22,391 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,497 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.48, for a total transaction of $885,136.56. Following the transaction, the chief executive officer now directly owns 28,866 shares of the company’s stock, valued at approximately $10,232,419.68. This represents a 7.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN opened at $335.34 on Tuesday. The company has a fifty day simple moving average of $365.40 and a 200 day simple moving average of $358.67. The firm has a market cap of $209.85 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.23 and a beta of 1.24. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. 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 – Get Free Report) last announced 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 company had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $3.27 EPS. Equities research analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ACN has been the topic of a number of analyst reports. Jefferies Financial Group decreased their target price 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. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and increased their price target for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Piper Sandler increased their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. UBS Group increased their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets increased their price target on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $388.96.

View Our Latest Analysis on Accenture

About Accenture

(Free Report)

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.

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