Haverford Financial Services Inc. Has $12.28 Million Stock Holdings in Accenture plc (NYSE:ACN)

Haverford Financial Services Inc. decreased its holdings in shares of Accenture plc (NYSE:ACN) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,480 shares of the information technology services provider’s stock after selling 62 shares during the quarter. Accenture makes up 3.7% of Haverford Financial Services Inc.’s holdings, making the stock its 11th biggest position. Haverford Financial Services Inc.’s holdings in Accenture were worth $12,282,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ACN. Pin Oak Investment Advisors Inc. lifted its stake in shares of Accenture by 8.2% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock worth $125,000 after acquiring an additional 27 shares during the period. IronBridge Private Wealth LLC lifted its stake in Accenture by 2.3% in the fourth quarter. IronBridge Private Wealth LLC now owns 1,235 shares of the information technology services provider’s stock valued at $433,000 after buying an additional 28 shares during the period. Kolinsky Wealth Management LLC lifted its stake in Accenture by 1.0% in the fourth quarter. Kolinsky Wealth Management LLC now owns 2,888 shares of the information technology services provider’s stock valued at $1,013,000 after buying an additional 30 shares during the period. Walled Lake Planning & Wealth Management LLC lifted its stake in Accenture by 0.3% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 11,740 shares of the information technology services provider’s stock valued at $4,120,000 after buying an additional 32 shares during the period. Finally, West Paces Advisors Inc. lifted its stake in Accenture by 10.2% in the first quarter. West Paces Advisors Inc. now owns 346 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the topic of several recent analyst reports. Susquehanna dropped their price target on Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Guggenheim reaffirmed a “buy” rating and set a $395.00 target price on shares of Accenture in a research report on Friday, May 24th. The Goldman Sachs Group began coverage on Accenture in a research report on Monday, June 24th. They set a “neutral” rating and a $335.00 target price on the stock. Mizuho upped their target price on Accenture from $352.00 to $365.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Accenture from $330.00 to $376.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $355.59.

Accenture Price Performance

Shares of NYSE:ACN opened at $336.17 on Thursday. The company has a market capitalization of $210.68 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 3.82 and a beta of 1.24. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The business has a fifty day moving average price of $330.75 and a two-hundred day moving average price of $322.68.

Accenture (NYSE:ACN) last posted its quarterly earnings results 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). The firm had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. Sell-side analysts anticipate that Accenture plc will post 11.95 earnings per share for the current year.

Insider Transactions at Accenture

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 completion of the transaction, the insider now owns 8,989 shares in the company, valued at approximately $2,964,751.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated 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 owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathleen R. Mcclure sold 1,500 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $315.00, for a total value of $472,500.00. Following the sale, the chief financial officer now directly owns 38,570 shares in the company, valued at approximately $12,149,550. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is owned by company insiders.

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.