2,323 Shares in Accenture plc (NYSE:ACN) Bought by HMV Wealth Advisors LLC

HMV Wealth Advisors LLC bought a new position in shares of Accenture plc (NYSE:ACN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,323 shares of the information technology services provider’s stock, valued at approximately $817,000.

Several other hedge funds have also recently made changes to their positions in the business. Brown Miller Wealth Management LLC raised its position in shares of Accenture by 7.2% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,581 shares of the information technology services provider’s stock worth $3,019,000 after acquiring an additional 578 shares in the last quarter. Sienna Gestion raised its position in shares of Accenture by 4.6% in the 4th quarter. Sienna Gestion now owns 69,224 shares of the information technology services provider’s stock worth $24,349,000 after acquiring an additional 3,018 shares in the last quarter. Carret Asset Management LLC raised its position in shares of Accenture by 28.8% in the 4th quarter. Carret Asset Management LLC now owns 3,645 shares of the information technology services provider’s stock worth $1,282,000 after acquiring an additional 814 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of Accenture by 691.1% in the 4th quarter. Intact Investment Management Inc. now owns 31,250 shares of the information technology services provider’s stock worth $10,993,000 after acquiring an additional 27,300 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Accenture by 82.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 541,798 shares of the information technology services provider’s stock worth $190,599,000 after acquiring an additional 244,967 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Trading Up 0.4 %

NYSE:ACN opened at $318.28 on Friday. 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 stock has a market capitalization 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. The firm’s 50 day moving average is $363.01 and its 200 day moving average is $357.97. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations 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 firm posted $3.27 EPS. Sell-side analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares of the company’s stock, valued at $4,677,625.26. The trade was a 42.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now directly owns 5,149 shares in the company, valued at $1,845,916.50. The trade was a 6.79 % 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 90 days. 0.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ACN shares. Jefferies Financial Group lowered their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research 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 research note on Tuesday, December 3rd. JPMorgan Chase & Co. raised their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group lifted their price target on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $387.52.

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.