995 Shares in Accenture plc (NYSE:ACN) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Accenture plc (NYSE:ACN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 995 shares of the information technology services provider’s stock, valued at approximately $350,000.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB raised its stake in Accenture by 16.6% during 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 during the last quarter. Pure Financial Advisors LLC boosted its stake in Accenture by 1.7% during the third quarter. Pure Financial Advisors LLC now owns 1,931 shares of the information technology services provider’s stock worth $683,000 after acquiring an additional 33 shares in the last quarter. Van ECK Associates Corp grew its holdings in Accenture by 8.7% in the third quarter. Van ECK Associates Corp now owns 144,230 shares of the information technology services provider’s stock worth $53,456,000 after purchasing an additional 11,529 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Accenture by 3.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 443,254 shares of the information technology services provider’s stock valued at $156,681,000 after purchasing an additional 16,261 shares in the last quarter. Finally, Donaldson Capital Management LLC boosted its holdings in Accenture by 1.3% in the third quarter. Donaldson Capital Management LLC now owns 247,565 shares of the information technology services provider’s stock worth $87,509,000 after acquiring an additional 3,154 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

Shares of ACN stock opened at $344.57 on Tuesday. The stock has a market capitalization of $215.63 billion, a P/E ratio of 28.91, a PEG ratio of 3.23 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $366.99 and its 200 day moving average is $358.24.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS 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 business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter last year, the company earned $3.27 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 11,858 shares of the company’s stock, valued at $4,677,625.26. The trade was a 42.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of Accenture stock in a transaction dated 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 of the company’s stock, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock worth $8,316,190 in the last three months. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACN. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Stifel Nicolaus decreased their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Morgan Stanley increased their price target on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Wolfe Research upgraded 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. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.