Signaturefd LLC Has $5.10 Million Position in Accenture plc (NYSE:ACN)

Signaturefd LLC lifted its holdings in shares of Accenture plc (NYSE:ACN) by 3.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,485 shares of the information technology services provider’s stock after purchasing an additional 489 shares during the quarter. Signaturefd LLC’s holdings in Accenture were worth $5,096,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Morse Asset Management Inc acquired a new stake in Accenture during the third quarter valued at approximately $25,000. FPC Investment Advisory Inc. boosted its stake in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Accenture during the third quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the fourth quarter valued at $30,000. Finally, POM Investment Strategies LLC boosted its stake in shares of 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 purchasing an additional 34 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Up 0.4 %

ACN opened at $318.28 on Monday. The firm’s fifty day moving average is $363.01 and its two-hundred day moving average is $358.24. The firm has a market cap of $199.17 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ACN shares. Stifel Nicolaus cut their price target on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Robert W. Baird reissued a “neutral” rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. UBS Group raised their price target on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of 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 research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.52.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 232 shares of the firm’s stock in a transaction 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 directly owns 8,915 shares in the company, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. This represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by corporate insiders.

Accenture 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.