Accenture plc (NYSE:ACN) Stock Holdings Increased by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC grew its position in shares of Accenture plc (NYSE:ACN) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,497 shares of the information technology services provider’s stock after buying an additional 146 shares during the period. Gryphon Financial Partners LLC’s holdings in Accenture were worth $1,230,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new position in Accenture in the third quarter worth $25,000. FPC Investment Advisory Inc. lifted its position in shares of Accenture by 62.2% in the 4th 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 last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Accenture in the 3rd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Accenture during the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC raised its stake in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Down 2.4 %

Shares of Accenture stock opened at $348.28 on Monday. The business has a fifty day simple moving average of $367.28 and a 200-day simple moving average of $358.10. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm has a market cap of $217.95 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $3.27 EPS. On average, equities analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on ACN shares. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Stifel Nicolaus lowered their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. 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. Jefferies Financial Group lowered their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, BMO Capital Markets lifted their price objective on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $388.96.

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.