144 Shares in Accenture plc (NYSE:ACN) Acquired by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC purchased a new position in shares of Accenture plc (NYSE:ACN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 144 shares of the information technology services provider’s stock, valued at approximately $51,000.

Several other large investors have also recently made changes to their positions in ACN. Swedbank AB increased its position in shares of Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after purchasing an additional 363,401 shares in the last quarter. Principal Securities Inc. increased its position in shares of Accenture by 11.9% during the third quarter. Principal Securities Inc. now owns 13,140 shares of the information technology services provider’s stock worth $4,645,000 after purchasing an additional 1,396 shares in the last quarter. Interchange Capital Partners LLC increased its position in shares of Accenture by 3.9% during the third quarter. Interchange Capital Partners LLC now owns 882 shares of the information technology services provider’s stock worth $313,000 after purchasing an additional 33 shares in the last quarter. Americana Partners LLC increased its position in shares of Accenture by 47.4% during the third quarter. Americana Partners LLC now owns 4,602 shares of the information technology services provider’s stock worth $1,627,000 after purchasing an additional 1,479 shares in the last quarter. Finally, Campbell Wealth Management grew its holdings in Accenture by 30.4% in the 3rd quarter. Campbell Wealth Management now owns 862 shares of the information technology services provider’s stock valued at $305,000 after buying an additional 201 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the sale, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This trade represents a 13.85 % 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 8,793 shares of the 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. Insiders have sold 22,280 shares of company stock valued at $8,316,190 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN opened at $348.28 on Friday. The stock’s 50-day moving average price is $367.28 and its 200 day moving average price is $357.83. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $217.95 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The company 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%. Accenture’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.27 EPS. As a group, sell-side analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus dropped their target price on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets upped their target price on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Jefferies Financial Group dropped their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Robert W. Baird restated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upped their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $388.96.

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.