Proficio Capital Partners LLC Has $302.75 Million Holdings in Accenture plc (NYSE:ACN)

Proficio Capital Partners LLC raised its holdings in shares of Accenture plc (NYSE:ACN) by 51,837.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 860,601 shares of the information technology services provider’s stock after purchasing an additional 858,944 shares during the period. Proficio Capital Partners LLC owned 0.14% of Accenture worth $302,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. BSW Wealth Partners lifted its position in Accenture by 0.7% during 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 period. Newbridge Financial Services Group Inc. increased its stake in shares of Accenture by 5.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock valued at $182,000 after acquiring an additional 28 shares during the last quarter. FPC Investment Advisory Inc. increased its stake in shares of Accenture by 62.2% in 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 during the last quarter. Tradition Wealth Management LLC increased its stake in shares of Accenture by 0.3% in the 3rd quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after acquiring an additional 29 shares during the last quarter. Finally, New England Professional Planning Group Inc. increased its stake in shares of Accenture by 4.6% in the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider’s stock valued at $230,000 after acquiring an additional 29 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Down 1.3 %

NYSE ACN opened at $358.32 on Thursday. The company has a market cap of $224.23 billion, a PE ratio of 30.06, 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 plc has a 12 month low of $278.69 and a 12 month high of $398.35. The stock has a 50 day moving average of $367.94 and a 200-day moving average of $357.33.

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

Analyst Ratings Changes

A number of analysts have recently commented on ACN shares. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. UBS Group upped their price target on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Morgan Stanley increased their target price on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and increased their target price for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Finally, BMO Capital Markets increased their target price on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $388.96.

Insider Buying and Selling at Accenture

In other Accenture news, CFO Angie Y. Park sold 685 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the completion of the sale, the chief financial officer now owns 8,674 shares of the company’s stock, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock valued at $8,316,190 in the last quarter. 0.02% of the stock is currently owned by insiders.

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.