First National Bank of South Miami Has $458,000 Stake in Accenture plc (NYSE:ACN)

First National Bank of South Miami decreased its holdings in shares of Accenture plc (NYSE:ACN) by 21.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,484 shares of the information technology services provider’s stock after selling 403 shares during the quarter. First National Bank of South Miami’s holdings in Accenture were worth $458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashburton Jersey Ltd acquired a new position in shares of Accenture in the first quarter valued at approximately $143,000. Curated Wealth Partners LLC boosted its holdings in Accenture by 3.6% in the second quarter. Curated Wealth Partners LLC now owns 2,029 shares of the information technology services provider’s stock valued at $626,000 after acquiring an additional 71 shares during the last quarter. GW Henssler & Associates Ltd. bought a new stake in Accenture in the first quarter valued at approximately $207,000. Gradient Investments LLC boosted its holdings in Accenture by 1.5% in the second quarter. Gradient Investments LLC now owns 52,557 shares of the information technology services provider’s stock valued at $16,218,000 after acquiring an additional 789 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Accenture by 12.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 97,668 shares of the information technology services provider’s stock valued at $27,914,000 after acquiring an additional 10,994 shares during the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.

Insider Activity

In related news, CAO Melissa A. Burgum sold 1,344 shares of Accenture stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $300.00, for a total value of $403,200.00. Following the completion of the sale, the chief accounting officer now owns 10,506 shares of the company’s stock, valued at approximately $3,151,800. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Melissa A. Burgum sold 1,344 shares of Accenture stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $300.00, for a total value of $403,200.00. Following the completion of the sale, the chief accounting officer now owns 10,506 shares of the company’s stock, valued at approximately $3,151,800. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ellyn Shook sold 5,250 shares of Accenture stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $315.00, for a total value of $1,653,750.00. Following the completion of the sale, the insider now directly owns 21,958 shares of the company’s stock, valued at approximately $6,916,770. The disclosure for this sale can be found here. Insiders sold a total of 25,774 shares of company stock valued at $8,138,451 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Accenture Price Performance

Shares of Accenture stock opened at $315.91 on Tuesday. Accenture plc has a 1 year low of $242.80 and a 1 year high of $330.43. The firm has a market cap of $209.97 billion, a PE ratio of 28.16, a P/E/G ratio of 2.67 and a beta of 1.22. The stock has a fifty day moving average price of $316.31 and a 200-day moving average price of $296.37.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 22nd. The information technology services provider reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.23. Accenture had a return on equity of 30.47% and a net margin of 11.28%. The firm had revenue of $16.56 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same period last year, the firm posted $2.79 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Accenture plc will post 11.6 EPS for the current fiscal year.

Analyst Ratings Changes

ACN has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Accenture from $340.00 to $356.00 and gave the stock an “overweight” rating in a report on Tuesday, September 12th. Societe Generale increased their price target on Accenture from $314.00 to $373.00 and gave the stock a “buy” rating in a report on Friday, July 7th. TD Cowen increased their target price on Accenture from $300.00 to $312.00 and gave the stock a “market perform” rating in a report on Tuesday, September 12th. Citigroup reiterated a “buy” rating and issued a $358.00 target price on shares of Accenture in a report on Monday. Finally, Barclays increased their target price on Accenture from $340.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, September 11th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $335.25.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, interactive, 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 comprises 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 comprises turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.