Arcadia Investment Management Corp MI Has $17.96 Million Stock Position in Accenture plc (NYSE:ACN)

Arcadia Investment Management Corp MI increased its holdings in Accenture plc (NYSE:ACN) by 0.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,040 shares of the information technology services provider’s stock after purchasing an additional 53 shares during the period. Accenture comprises about 2.9% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 10th largest holding. Arcadia Investment Management Corp MI’s holdings in Accenture were worth $17,955,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ACN. Swedbank AB grew its stake in shares of Accenture by 16.6% during the 3rd quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock valued at $901,967,000 after purchasing an additional 363,401 shares during the period. McAdam LLC grew its stake in shares of Accenture by 8.5% during the 3rd quarter. McAdam LLC now owns 1,248 shares of the information technology services provider’s stock valued at $441,000 after purchasing an additional 98 shares during the period. International Assets Investment Management LLC grew its stake in shares of Accenture by 37,788.5% during the 3rd quarter. International Assets Investment Management LLC now owns 510,358 shares of the information technology services provider’s stock valued at $180,401,000 after purchasing an additional 509,011 shares during the period. Spectrum Asset Management Inc. NB CA grew its stake in shares of Accenture by 1.6% during the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 11,871 shares of the information technology services provider’s stock valued at $4,196,000 after purchasing an additional 192 shares during the period. Finally, YHB Investment Advisors Inc. grew its stake in shares of Accenture by 9.9% during the 3rd quarter. YHB Investment Advisors Inc. now owns 8,500 shares of the information technology services provider’s stock valued at $3,005,000 after purchasing an additional 765 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent research reports. Robert W. Baird restated a “neutral” rating and set a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research note on Wednesday, January 8th. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised 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, StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.22.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 8,793 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares in the company, valued at $3,516,610.90. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock worth $8,316,190 in the last three months. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Accenture stock opened at $385.06 on Friday. The company’s 50-day moving average price is $367.37 and its 200-day moving average price is $355.77. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $240.97 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24.

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