Mount Yale Investment Advisors LLC Increases Stock Holdings in Accenture plc (NYSE:ACN)

Mount Yale Investment Advisors LLC increased its holdings in Accenture plc (NYSE:ACN) by 32.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,277 shares of the information technology services provider’s stock after buying an additional 5,013 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Accenture were worth $6,152,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Unique Wealth Strategies LLC acquired a new stake in shares of Accenture in the second quarter valued at approximately $26,000. Annapolis Financial Services LLC lifted its stake in Accenture by 507.7% in the 1st 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 acquired a new stake in Accenture during the 2nd quarter valued at $28,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Accenture in the fourth quarter worth $29,000. Finally, Atwood & Palmer Inc. lifted its position in shares of 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 acquiring an additional 58 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACN. Stifel Nicolaus cut their target price on shares of Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. TD Cowen upped their price objective on shares of Accenture from $293.00 to $321.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. BMO Capital Markets cut their price target on Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, June 21st. JPMorgan Chase & Co. raised their price objective on Accenture from $330.00 to $376.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Jefferies Financial Group dropped their target price on Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $356.41.

Accenture Trading Up 0.3 %

Shares of Accenture stock opened at $336.22 on Friday. The company has a fifty day moving average price of $332.01 and a 200 day moving average price of $322.06. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The stock has a market cap of $210.71 billion, a price-to-earnings ratio of 30.79, 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. Accenture’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 EPS. Analysts forecast that Accenture plc will post 11.95 earnings per share for the current year.

Insider Buying and Selling at Accenture

In other news, CFO Kathleen R. Mcclure sold 1,500 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Julie Spellman Sweet sold 3,776 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $309.05, for a total value of $1,166,972.80. Following the transaction, the chief executive officer now owns 11,819 shares in the company, valued at $3,652,661.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the chief financial officer now owns 38,570 shares of the company’s stock, valued at approximately $12,149,550. The disclosure for this sale can be found here. Insiders sold 21,421 shares of company stock valued at $6,912,635 over the last 90 days. 0.07% of the stock is owned by corporate insiders.

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.