Pacer Advisors Inc. Purchases 2,695 Shares of Accenture plc (NYSE:ACN)

Pacer Advisors Inc. grew its position in Accenture plc (NYSE:ACN) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,835 shares of the information technology services provider’s stock after buying an additional 2,695 shares during the quarter. Pacer Advisors Inc.’s holdings in Accenture were worth $15,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ASB Consultores LLC grew its holdings in Accenture by 7.2% during the 2nd quarter. ASB Consultores LLC now owns 1,419 shares of the information technology services provider’s stock worth $431,000 after acquiring an additional 95 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in shares of Accenture by 211.6% during the second quarter. Bridges Investment Management Inc. now owns 63,690 shares of the information technology services provider’s stock valued at $19,324,000 after purchasing an additional 43,249 shares in the last quarter. Callan Capital LLC increased its holdings in Accenture by 12.2% during the second quarter. Callan Capital LLC now owns 2,007 shares of the information technology services provider’s stock valued at $609,000 after buying an additional 218 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Accenture by 7.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 118,953 shares of the information technology services provider’s stock worth $36,092,000 after buying an additional 8,147 shares in the last quarter. Finally, Clifford Group LLC lifted its holdings in Accenture by 9.0% during the second quarter. Clifford Group LLC now owns 2,286 shares of the information technology services provider’s stock worth $694,000 after buying an additional 189 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 0.3 %

ACN opened at $336.22 on Monday. 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. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The firm’s 50-day moving average price is $332.01 and its 200 day moving average price is $321.64.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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 company had revenue of $16.47 billion for 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%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 EPS. As a group, analysts predict that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of analyst reports. 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 research note on Wednesday, June 5th. JPMorgan Chase & Co. lifted their price target on shares of Accenture from $330.00 to $376.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Citigroup increased their price objective on Accenture from $350.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Susquehanna dropped their target price on Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, Mizuho increased their price target on Accenture from $352.00 to $365.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Eleven 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $356.41.

Insider Activity at Accenture

In other Accenture news, CFO Kathleen R. Mcclure sold 1,500 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were 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 in the company, valued at approximately $12,149,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kathleen R. Mcclure sold 1,500 shares of Accenture stock in a transaction that occurred 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 of the company’s stock, valued at approximately $12,149,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 3,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.22, for a total value of $927,660.00. Following the completion of the transaction, the chief financial officer now owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,421 shares of company stock valued at $6,912,635. 0.07% of the stock is 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.