Insight Wealth Strategies LLC Has $4.22 Million Holdings in Accenture PLC $ACN

Insight Wealth Strategies LLC raised its position in shares of Accenture PLC (NYSE:ACN) by 27.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,931 shares of the information technology services provider’s stock after purchasing an additional 3,016 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Accenture were worth $4,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in Accenture during the 4th quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new stake in shares of Accenture during the 4th quarter worth approximately $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture during the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture during the 1st quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Accenture during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Accenture from $342.00 to $313.00 and set a “buy” rating for the company in a research report on Tuesday, September 9th. Benchmark reaffirmed a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. JPMorgan Chase & Co. reduced their price objective on shares of Accenture from $334.00 to $302.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Mizuho set a $348.00 price objective on shares of Accenture and gave the stock an “outperform” rating in a research report on Tuesday, June 24th. Finally, Guggenheim cut their target price on Accenture from $360.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $346.92.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of ACN opened at $238.55 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $263.21 and its 200 day moving average is $293.19. Accenture PLC has a 12-month low of $236.67 and a 12-month high of $398.35. The stock has a market cap of $149.41 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.10 and a beta of 1.29.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business had revenue of $17.73 billion for the quarter, compared to analysts’ expectations of $17.26 billion. During the same period last year, the business earned $3.13 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

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.