Ensign Peak Advisors Inc Has $56.84 Million Stake in Accenture plc (NYSE:ACN)

Ensign Peak Advisors Inc decreased its position in Accenture plc (NYSE:ACN) by 21.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,321 shares of the information technology services provider’s stock after selling 52,243 shares during the period. Ensign Peak Advisors Inc’s holdings in Accenture were worth $56,835,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. increased 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 purchasing an additional 27 shares in the last quarter. IronBridge Private Wealth LLC lifted its position in shares of Accenture by 2.3% during the 4th quarter. IronBridge Private Wealth LLC now owns 1,235 shares of the information technology services provider’s stock valued at $433,000 after acquiring an additional 28 shares during the period. Kolinsky Wealth Management LLC grew its holdings 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 worth $1,013,000 after purchasing an additional 30 shares during the period. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of Accenture by 0.3% during 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 purchasing an additional 32 shares during the period. Finally, West Paces Advisors Inc. boosted its position in shares of Accenture by 10.2% during the 1st quarter. West Paces Advisors Inc. now owns 346 shares of the information technology services provider’s stock worth $120,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of NYSE ACN opened at $336.22 on Friday. The business’s fifty day moving average price is $332.01 and its 200-day moving average price is $322.06. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The stock has a market capitalization of $210.71 billion, a PE ratio of 30.79, a P/E/G 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 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. Accenture’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 EPS. As a group, equities analysts expect that Accenture plc will post 11.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler Companies reissued a “neutral” rating and issued a $329.00 price objective on shares of Accenture in a research note on Friday. The Goldman Sachs Group began coverage on shares of Accenture in a report on Monday, June 24th. They set a “neutral” rating and a $335.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Accenture from $330.00 to $376.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Bank of America decreased their price objective on Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Finally, Wedbush cut their target price on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $356.41.

Insider Activity

In related 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 value of $1,649,100.00. Following the transaction, the insider now owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction 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 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. Insiders sold 21,421 shares of company stock worth $6,912,635 in the last three months. Corporate insiders own 0.07% of the company’s stock.

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.