Fielder Capital Group LLC Purchases 50 Shares of Accenture plc (NYSE:ACN)

Fielder Capital Group LLC lifted its position in shares of Accenture plc (NYSE:ACN) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 706 shares of the information technology services provider’s stock after purchasing an additional 50 shares during the period. Fielder Capital Group LLC’s holdings in Accenture were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Financial Security Advisor Inc. lifted its holdings in shares of Accenture by 27.8% during the fourth quarter. Financial Security Advisor Inc. now owns 1,956 shares of the information technology services provider’s stock worth $688,000 after buying an additional 425 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Accenture by 4.2% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,982 shares of the information technology services provider’s stock worth $1,753,000 after acquiring an additional 200 shares during the period. Prosperitas Financial LLC boosted its holdings in Accenture by 5.2% in the 4th quarter. Prosperitas Financial LLC now owns 7,835 shares of the information technology services provider’s stock valued at $2,756,000 after purchasing an additional 389 shares during the period. Linscomb Wealth Inc. grew its position in shares of Accenture by 1.1% during the 4th quarter. Linscomb Wealth Inc. now owns 35,924 shares of the information technology services provider’s stock worth $12,638,000 after purchasing an additional 404 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Accenture by 4.8% in the fourth quarter. QRG Capital Management Inc. now owns 183,777 shares of the information technology services provider’s stock valued at $64,651,000 after buying an additional 8,402 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACN has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday. The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and boosted their price target for the company from $370.00 to $420.00 in a research note on Friday, December 6th. BMO Capital Markets increased their price objective 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. Piper Sandler boosted their target price on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $388.96.

Accenture Trading Down 0.4 %

Shares of NYSE ACN opened at $356.96 on Friday. The firm has a 50 day moving average price of $367.64 and a two-hundred day moving average price of $357.33. The stock has a market cap of $223.38 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

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, beating analysts’ consensus estimates of $3.43 by $0.16. The business 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%. Accenture’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.27 earnings per share. As a group, equities analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Insider Transactions at Accenture

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

Accenture 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.