Callan Capital LLC Has $609,000 Stock Holdings in Accenture plc (NYSE:ACN)

Callan Capital LLC increased its holdings in shares of Accenture plc (NYSE:ACN) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,007 shares of the information technology services provider’s stock after buying an additional 218 shares during the quarter. Callan Capital LLC’s holdings in Accenture were worth $609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Unique Wealth Strategies LLC acquired a new position in Accenture during the 2nd quarter worth approximately $26,000. Annapolis Financial Services LLC increased its holdings in shares of Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after buying an additional 66 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Accenture during the 2nd quarter valued at $28,000. Ables Iannone Moore & Associates Inc. bought a new stake in Accenture during the 4th quarter worth $29,000. Finally, Atwood & Palmer Inc. raised its position in Accenture by 214.8% in the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 0.3 %

Shares of ACN stock opened at $336.22 on Friday. The firm has a market cap of $210.71 billion, a P/E ratio of 30.79, a PEG ratio of 3.82 and a beta of 1.24. The company has a 50 day moving average of $332.01 and a 200-day moving average of $322.44. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51.

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

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 8,145 shares of the firm’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Kathleen R. Mcclure sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $315.00, for a total value of $472,500.00. Following the completion of the transaction, the chief financial officer now directly owns 38,570 shares in the company, valued at $12,149,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $2,696,402.25. Following the sale, the general counsel now directly owns 22,849 shares in the company, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. Insiders sold 21,421 shares of company stock worth $6,912,635 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACN. Susquehanna lowered their price objective on Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. TD Cowen lifted their price objective on Accenture from $293.00 to $321.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Guggenheim reissued a “buy” rating and set a $395.00 target price on shares of Accenture in a research report on Friday, May 24th. Mizuho increased their price objective on shares of Accenture from $352.00 to $365.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Piper Sandler upped their price target on shares of Accenture from $320.00 to $329.00 and gave the company a “neutral” rating in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $356.41.

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.