Fidelis Capital Partners LLC Sells 467 Shares of Accenture plc (NYSE:ACN)

Fidelis Capital Partners LLC reduced its holdings in Accenture plc (NYSE:ACN) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,947 shares of the information technology services provider’s stock after selling 467 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Accenture were worth $1,891,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. boosted its holdings in 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 in the last quarter. IronBridge Private Wealth LLC raised its position in shares of Accenture by 2.3% during the fourth quarter. IronBridge Private Wealth LLC now owns 1,235 shares of the information technology services provider’s stock worth $433,000 after purchasing an additional 28 shares during the period. Kolinsky Wealth Management LLC lifted its holdings in shares of Accenture by 1.0% in the 4th quarter. Kolinsky Wealth Management LLC now owns 2,888 shares of the information technology services provider’s stock worth $1,013,000 after purchasing an additional 30 shares in the last quarter. Walled Lake Planning & Wealth Management LLC increased its stake in Accenture by 0.3% during the 4th 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 purchasing an additional 32 shares in the last quarter. Finally, West Paces Advisors Inc. raised its holdings in Accenture by 10.2% during the first quarter. West Paces Advisors Inc. now owns 346 shares of the information technology services provider’s stock worth $120,000 after buying an additional 32 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Friday, July 19th. Susquehanna decreased their price objective on Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a report on Friday, June 21st. 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. Stifel Nicolaus dropped their price objective on Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Finally, The Goldman Sachs Group assumed coverage on Accenture in a research report on Monday, June 24th. They set a “neutral” rating and a $335.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $356.41.

Accenture Stock Up 0.3 %

ACN stock opened at $336.22 on Friday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The firm has a market capitalization of $210.71 billion, a PE ratio of 30.79, a PEG ratio of 3.82 and a beta of 1.24. The stock has a 50-day simple moving average of $332.01 and a two-hundred day simple moving average of $322.06.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share 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 the consensus estimate of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $3.19 EPS. On average, equities research analysts anticipate that Accenture plc will post 11.95 EPS for the current fiscal year.

Insider Transactions at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total value of $1,649,100.00. Following the transaction, the insider now directly owns 8,989 shares in the company, valued at approximately $2,964,751.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the business’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 value of $1,649,100.00. Following the completion of the transaction, the insider now owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathleen R. Mcclure sold 1,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $315.00, for a total transaction of $472,500.00. Following the sale, the chief financial officer now owns 38,570 shares in the company, valued at approximately $12,149,550. 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 currently 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.