ASB Consultores LLC Acquires 95 Shares of Accenture plc (NYSE:ACN)

ASB Consultores LLC grew its position in Accenture plc (NYSE:ACN) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,419 shares of the information technology services provider’s stock after acquiring an additional 95 shares during the period. ASB Consultores LLC’s holdings in Accenture were worth $431,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TrinityPoint Wealth LLC raised its stake in shares of Accenture by 3.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after acquiring an additional 125 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Accenture in the fourth quarter valued at approximately $4,594,000. New Mexico Educational Retirement Board raised its stake in shares of Accenture by 11.9% in the first quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock valued at $12,393,000 after acquiring an additional 3,900 shares during the last quarter. Platform Technology Partners raised its position in Accenture by 7.0% in the 4th quarter. Platform Technology Partners now owns 1,996 shares of the information technology services provider’s stock worth $733,000 after purchasing an additional 131 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Accenture by 13.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 183,446 shares of the information technology services provider’s stock worth $63,584,000 after purchasing an additional 21,516 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 0.3 %

Shares of NYSE ACN opened at $335.24 on Friday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The business’s 50 day moving average price is $331.50 and its two-hundred day moving average price is $322.77. The company has a market cap of $210.09 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 3.82 and a beta of 1.24.

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

Insider Activity

In other news, General Counsel Joel Unruch sold 8,145 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the transaction, the general counsel now owns 22,849 shares of the company’s stock, valued at $7,564,161.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the completion of the sale, the general counsel now directly owns 22,849 shares in the company, valued at $7,564,161.45. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kathleen R. Mcclure sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the completion of the sale, the chief financial officer now owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,421 shares of company stock valued at $6,912,635. 0.07% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on ACN shares. Piper Sandler dropped their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research report on Monday, June 17th. Wedbush dropped their price objective on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Piper Sandler Companies restated a “neutral” rating and issued a $329.00 price objective on shares of Accenture in a research report on Friday. Barclays reduced their price target on Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. Finally, Bank of America reduced their price target on Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $356.00.

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.