Accenture plc (NYSE:ACN) Position Increased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its position in shares of Accenture plc (NYSE:ACN) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,771 shares of the information technology services provider’s stock after acquiring an additional 9,458 shares during the period. Epoch Investment Partners Inc.’s holdings in Accenture were worth $90,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Unique Wealth Strategies LLC purchased a new stake in shares of Accenture during the second quarter worth $26,000. Annapolis Financial Services LLC raised its holdings in Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 66 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Accenture during the second quarter valued at about $28,000. Ables Iannone Moore & Associates Inc. bought a new position in Accenture during the fourth quarter valued at about $29,000. Finally, Atwood & Palmer Inc. raised its holdings in Accenture by 214.8% during the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 58 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACN shares. Mizuho raised their target price on Accenture from $352.00 to $365.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley lowered Accenture from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $382.00 to $300.00 in a report on Wednesday, June 26th. Wedbush cut their target price on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. JPMorgan Chase & Co. raised their price target on Accenture from $330.00 to $376.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets lowered their price target on Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, June 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $356.41.

Accenture Trading Up 0.3 %

ACN stock opened at $336.22 on Friday. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The firm has a market cap of $210.71 billion, a P/E ratio of 30.79, a P/E/G ratio of 3.82 and a beta of 1.24. The business’s 50 day moving average is $332.01 and its 200-day moving average is $322.06.

Accenture (NYSE:ACN) last released 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 net margin of 10.79% and a return on equity of 27.48%. The company had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $16.55 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts forecast that Accenture plc will post 11.95 EPS for the current 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 sale, the general counsel now directly owns 22,849 shares in the company, valued at approximately $7,564,161.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Kathleen R. Mcclure sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $315.00, for a total value of $472,500.00. Following the transaction, the chief financial officer now directly owns 38,570 shares of the company’s stock, valued at approximately $12,149,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the general counsel now directly owns 22,849 shares in the company, valued at $7,564,161.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,421 shares of company stock worth $6,912,635. Company insiders own 0.07% of the company’s stock.

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.