Accenture plc (NYSE:ACN) is Donaldson Capital Management LLC’s 5th Largest Position

Donaldson Capital Management LLC increased its position in shares of Accenture plc (NYSE:ACN) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 249,865 shares of the information technology services provider’s stock after purchasing an additional 2,300 shares during the period. Accenture makes up 3.4% of Donaldson Capital Management LLC’s portfolio, making the stock its 5th largest holding. Donaldson Capital Management LLC’s holdings in Accenture were worth $87,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACN. Morse Asset Management Inc purchased a new position in shares of Accenture during the 3rd quarter worth about $25,000. FPC Investment Advisory Inc. boosted its stake in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture during the 3rd quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Accenture in the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC boosted its position in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 34 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ACN. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Piper Sandler boosted their price objective on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Stifel Nicolaus lowered their price objective on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group boosted their price objective on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $388.96.

Insiders Place Their Bets

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the sale, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,497 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.48, for a total transaction of $885,136.56. Following the sale, the chief executive officer now directly owns 28,866 shares in the company, valued at approximately $10,232,419.68. This represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,280 shares of company stock valued at $8,316,190. Insiders own 0.02% of the company’s stock.

Accenture Trading Down 2.0 %

NYSE ACN opened at $335.34 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $209.85 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company has a 50 day moving average price of $365.40 and a 200 day moving average price of $358.67. Accenture plc has a 52 week low of $278.69 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.27 EPS. As a group, sell-side analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

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.