Accenture plc (NYSE:ACN) Shares Purchased by Sienna Gestion

Sienna Gestion grew its stake in Accenture plc (NYSE:ACN) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,528 shares of the information technology services provider’s stock after purchasing an additional 293 shares during the quarter. Accenture comprises approximately 1.5% of Sienna Gestion’s holdings, making the stock its 8th largest holding. Sienna Gestion’s holdings in Accenture were worth $16,537,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ACN. CCLA Investment Management boosted its stake in Accenture by 0.4% during the 2nd quarter. CCLA Investment Management now owns 281,779 shares of the information technology services provider’s stock worth $85,356,000 after acquiring an additional 996 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Accenture by 0.7% during the second quarter. Elo Mutual Pension Insurance Co now owns 57,691 shares of the information technology services provider’s stock worth $17,504,000 after purchasing an additional 402 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Accenture by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 637,853 shares of the information technology services provider’s stock valued at $193,531,000 after buying an additional 3,349 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Accenture by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,208 shares of the information technology services provider’s stock worth $18,437,000 after buying an additional 2,266 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Accenture by 4.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,924 shares of the information technology services provider’s stock worth $6,955,000 after acquiring an additional 1,065 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACN shares. Mizuho raised their price target on Accenture from $352.00 to $365.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Accenture from $330.00 to $376.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. TD Cowen upped their price objective on Accenture from $293.00 to $321.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Wedbush decreased their price target on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, The Goldman Sachs Group began coverage on shares of Accenture in a research report on Monday, June 24th. They issued a “neutral” rating and a $335.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.59.

Accenture Trading Down 0.3 %

Accenture stock opened at $336.17 on Thursday. The company has a market capitalization of $210.68 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 3.82 and a beta of 1.24. The stock’s 50 day moving average is $330.75 and its 200-day moving average is $322.68. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The firm had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. During the same quarter in the previous year, the business earned $3.19 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts predict that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the sale, the insider now directly owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $331.05, for a total value of $2,696,402.25. Following the completion of the transaction, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,421 shares of company stock valued at $6,912,635. 0.07% of the stock is owned by company insiders.

Accenture 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.