Accenture PLC $ACN Shares Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC increased its stake in Accenture PLC (NYSE:ACNFree Report) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,175 shares of the information technology services provider’s stock after purchasing an additional 3,649 shares during the period. Insight Wealth Strategies LLC’s holdings in Accenture were worth $4,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ACN. Norges Bank acquired a new stake in Accenture in the second quarter worth $2,216,850,000. Capital International Investors grew its position in shares of Accenture by 41.1% during the third quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock worth $4,223,839,000 after acquiring an additional 4,984,930 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Accenture during the third quarter worth about $311,694,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Accenture by 12.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after acquiring an additional 1,148,970 shares during the period. Finally, Capital World Investors bought a new stake in Accenture in the 3rd quarter valued at about $268,578,000. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ACN shares. TD Cowen decreased their target price on shares of Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Accenture in a report on Thursday, December 18th. Jefferies Financial Group increased their price objective on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. HSBC lifted their target price on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, Morgan Stanley decreased their price target on Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a research note on Monday. Eighteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $286.19.

Get Our Latest Stock Analysis on ACN

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the sale, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Melissa A. Burgum sold 3,588 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, the chief accounting officer owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 22,088 shares of company stock valued at $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $194.77 on Thursday. The stock has a market cap of $119.90 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.88 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a 12 month low of $188.73 and a 12 month high of $326.73. The stock’s 50 day moving average price is $237.56 and its 200 day moving average price is $247.47.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.80 billion. Equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

Accenture Profile

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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