Accenture plc (NYSE:ACN) Shares Purchased by United Community Bank

United Community Bank lifted its holdings in Accenture plc (NYSE:ACN) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 2,069 shares of the information technology services provider’s stock after buying an additional 30 shares during the period. United Community Bank’s holdings in Accenture were worth $728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 worth $901,967,000 after purchasing an additional 363,401 shares during the period. Cozad Asset Management Inc. acquired a new stake in Accenture during the third quarter valued at $225,000. TFB Advisors LLC increased its holdings in Accenture by 8.3% in the third quarter. TFB Advisors LLC now owns 727 shares of the information technology services provider’s stock valued at $257,000 after buying an additional 56 shares in the last quarter. Fiera Capital Corp raised its position in shares of Accenture by 7.4% in the third quarter. Fiera Capital Corp now owns 45,609 shares of the information technology services provider’s stock worth $16,122,000 after acquiring an additional 3,135 shares during the period. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Accenture during the 3rd quarter valued at about $6,108,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the sale, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock worth $8,316,190 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Down 0.0 %

Shares of Accenture stock opened at $341.68 on Friday. The firm has a market capitalization of $213.82 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 3.23 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50 day moving average of $365.74 and a 200 day moving average of $358.46.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company 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 posted $3.27 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, research analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Jefferies Financial Group decreased their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley lifted their price objective on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $388.96.

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.