Accenture plc (NYSE:ACN) Shares Acquired by Evoke Wealth LLC

Evoke Wealth LLC grew its stake in Accenture plc (NYSE:ACN) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,088 shares of the information technology services provider’s stock after purchasing an additional 66 shares during the quarter. Evoke Wealth LLC’s holdings in Accenture were worth $1,790,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ACN. Morse Asset Management Inc acquired a new stake in shares of Accenture in the 3rd quarter valued at about $25,000. FPC Investment Advisory Inc. raised 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 purchasing an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Accenture in the 3rd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Accenture in the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC raised its stake in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Down 0.5 %

Accenture stock opened at $324.21 on Wednesday. The firm has a 50 day simple moving average of $361.86 and a 200-day simple moving average of $358.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $202.89 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. 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 EPS for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same period in the prior year, the business earned $3.27 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ACN shares. Baird R W raised shares of Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. BMO Capital Markets lowered their price objective on shares of Accenture from $425.00 to $370.00 and set a “market perform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group lowered their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $385.65.

Insider Activity at Accenture

In related news, CFO Angie Y. Park sold 685 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were 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 directly owns 8,674 shares of the company’s stock, valued at $3,073,892.12. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the sale, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. 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 over the last ninety days. Insiders own 0.02% of the company’s stock.

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.