Accenture plc (NYSE:ACN) Stock Position Raised by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lifted its stake in shares of Accenture plc (NYSE:ACN) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,196 shares of the information technology services provider’s stock after acquiring an additional 1,458 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Accenture were worth $47,209,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ACN. Morse Asset Management Inc acquired a new position in Accenture during the third quarter valued at $25,000. FPC Investment Advisory Inc. grew its stake in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Accenture in the 3rd quarter valued at about $30,000. POM Investment Strategies LLC lifted its position in shares of Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Accenture during the fourth quarter valued at approximately $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Performance

ACN opened at $363.66 on Tuesday. The firm has a market capitalization of $227.58 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The stock’s 50 day moving average price is $367.61 and its two-hundred day moving average price is $356.99. 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 plc has a 12-month low of $278.69 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.27 EPS. On average, equities analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ACN shares. Robert W. Baird reissued a “neutral” rating and set a $370.00 target price on shares of Accenture in a research note on Tuesday, December 3rd. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research report on Wednesday, January 8th. BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research note on Wednesday, October 30th. Finally, Piper Sandler raised their price target on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $387.22.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $91,514.72. Following the sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock valued at $8,316,190 in the last 90 days. 0.02% of the stock is currently owned by insiders.

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.