Shayne & Jacobs LLC Has $1.18 Million Stock Position in Accenture plc (NYSE:ACN)

Shayne & Jacobs LLC decreased its stake in shares of Accenture plc (NYSE:ACN) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,353 shares of the information technology services provider’s stock after selling 280 shares during the period. Shayne & Jacobs LLC’s holdings in Accenture were worth $1,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ACN. National Pension Service lifted its stake in Accenture by 1.1% in the fourth quarter. National Pension Service now owns 1,288,605 shares of the information technology services provider’s stock valued at $453,318,000 after acquiring an additional 13,569 shares during the last quarter. Lake Street Advisors Group LLC raised its position in shares of Accenture by 1.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 10,454 shares of the information technology services provider’s stock valued at $3,678,000 after buying an additional 159 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its holdings in shares of Accenture by 3.4% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 4,472 shares of the information technology services provider’s stock valued at $1,573,000 after purchasing an additional 148 shares in the last quarter. Daner Wealth Management LLC acquired a new position in Accenture during the fourth quarter worth about $407,000. Finally, Pinnacle West Asset Management Inc. acquired a new stake in Accenture in the fourth quarter valued at approximately $211,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock valued at $8,316,190 over the last three months. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $363.22 on Wednesday. The company’s fifty day moving average is $367.73 and its 200 day moving average is $357.32. 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 $227.30 billion, a PE ratio of 30.47, a PEG ratio of 3.23 and a beta of 1.24. 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 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 return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter in the prior year, the business earned $3.27 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target 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. Morgan Stanley boosted their target price on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a research report on Wednesday, October 30th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Finally, Robert W. Baird restated a “neutral” rating and set a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

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.