FUKOKU MUTUAL LIFE INSURANCE Co Purchases 180 Shares of Accenture plc (NYSE:ACN)

FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of Accenture plc (NYSE:ACN) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,529 shares of the information technology services provider’s stock after purchasing an additional 180 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Accenture were worth $1,241,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. BSW Wealth Partners increased its position in Accenture by 0.7% during the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock worth $1,441,000 after buying an additional 28 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Accenture by 5.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock valued at $182,000 after buying an additional 28 shares during the period. FPC Investment Advisory Inc. increased its position in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after buying an additional 28 shares during the period. Tradition Wealth Management LLC lifted its holdings in Accenture by 0.3% in the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after buying an additional 29 shares during the period. Finally, New England Professional Planning Group Inc. boosted its position in Accenture by 4.6% during the fourth quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider’s stock valued at $230,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the topic of several research analyst reports. Piper Sandler upped their target price on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research note on Wednesday, October 30th. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and upped their price target for the stock from $370.00 to $420.00 in a report on Friday, December 6th. UBS Group raised their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $388.96.

Accenture Stock Performance

Shares of NYSE:ACN opened at $358.32 on Thursday. The business’s 50 day moving average price is $367.94 and its 200-day moving average price is $357.33. The firm has a market capitalization of $224.23 billion, a PE ratio of 30.06, a P/E/G ratio of 3.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.27 earnings per share. As a group, equities research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Insider Activity

In other Accenture news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,280 shares of company stock valued at $8,316,190. Insiders own 0.02% 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.