Mill Creek Capital Advisors LLC Has $1.50 Million Holdings in Accenture plc (NYSE:ACN)

Mill Creek Capital Advisors LLC grew its stake in Accenture plc (NYSE:ACN) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,944 shares of the information technology services provider’s stock after purchasing an additional 159 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Accenture were worth $1,500,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Accretive Wealth Partners LLC lifted its holdings in Accenture by 2.3% during the fourth quarter. Accretive Wealth Partners LLC now owns 2,171 shares of the information technology services provider’s stock worth $762,000 after acquiring an additional 48 shares during the period. Aveo Capital Partners LLC raised its stake in shares of Accenture by 7.6% in the fourth quarter. Aveo Capital Partners LLC now owns 2,264 shares of the information technology services provider’s stock valued at $794,000 after buying an additional 160 shares during the period. 9258 Wealth Management LLC raised its stake in shares of Accenture by 3.6% in the fourth quarter. 9258 Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $459,000 after buying an additional 46 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of Accenture by 79.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,535 shares of the information technology services provider’s stock valued at $881,000 after buying an additional 1,123 shares during the period. Finally, TrinityPoint Wealth LLC raised its stake in shares of Accenture by 3.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after buying an additional 125 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

ACN opened at $339.18 on Tuesday. The business has a 50 day simple moving average of $332.44 and a two-hundred day simple moving average of $321.31. The firm has a market capitalization of $212.56 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 3.82 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Insider Buying and Selling at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s 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 transaction, the insider now owns 8,989 shares in the company, valued at approximately $2,964,751.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s 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 transaction, the insider now owns 8,989 shares in the company, valued at approximately $2,964,751.98. The transaction 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 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 completion of the sale, the general counsel now owns 22,849 shares in the company, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. Insiders sold 21,421 shares of company stock valued at $6,912,635 in the last 90 days. Insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. Wedbush lowered their target price on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Citigroup lifted their price target on Accenture from $350.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Barclays reduced their price target on Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Morgan Stanley cut Accenture from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $382.00 to $300.00 in a research report on Wednesday, June 26th. Finally, TD Cowen lifted their price target on Accenture from $293.00 to $321.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $356.41.

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.