MONECO Advisors LLC Acquires 363 Shares of Accenture plc (NYSE:ACN)

MONECO Advisors LLC lifted its holdings in Accenture plc (NYSE:ACN) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,713 shares of the information technology services provider’s stock after acquiring an additional 363 shares during the period. MONECO Advisors LLC’s holdings in Accenture were worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACN. Swedbank AB lifted its position in shares of Accenture by 16.6% in the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after buying an additional 363,401 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Accenture by 4.7% in the third quarter. Assenagon Asset Management S.A. now owns 25,853 shares of the information technology services provider’s stock worth $9,139,000 after buying an additional 1,160 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Accenture by 5.7% in the third quarter. Modera Wealth Management LLC now owns 6,406 shares of the information technology services provider’s stock worth $2,264,000 after buying an additional 343 shares in the last quarter. Inscription Capital LLC lifted its position in shares of Accenture by 3.9% in the third quarter. Inscription Capital LLC now owns 7,794 shares of the information technology services provider’s stock worth $2,755,000 after buying an additional 291 shares in the last quarter. Finally, Welch Group LLC lifted its position in shares of Accenture by 7.5% in the third quarter. Welch Group LLC now owns 18,590 shares of the information technology services provider’s stock worth $6,571,000 after buying an additional 1,305 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 375 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Angie Y. Park sold 685 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the sale, the chief financial officer now directly owns 8,674 shares in the company, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Down 0.2 %

Shares of NYSE:ACN opened at $363.66 on Tuesday. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The stock has a market cap of $227.57 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 3.41 and a beta of 1.24. The business’s 50 day moving average is $367.61 and its 200 day moving average is $356.99. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.27 earnings per share. Sell-side analysts predict that Accenture plc will post 12.73 EPS for the current year.

Analyst Ratings Changes

ACN has been the topic of a number of recent research reports. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research report on Wednesday, January 8th. Piper Sandler upped their price objective on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. UBS Group upped their price objective on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $387.22.

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.