Accenture plc (NYSE:ACN) Shares Acquired by Legacy Bridge LLC

Legacy Bridge LLC boosted its position in shares of Accenture plc (NYSE:ACN – Get Rating) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,256 shares of the information technology services provider’s stock after purchasing an additional 91 shares during the period. Legacy Bridge LLC’s holdings in Accenture were worth $602,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ACN. Tsfg LLC grew its holdings in Accenture by 108.7% during the 3rd quarter. Tsfg LLC now owns 96 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Norwood Financial Corp acquired a new stake in Accenture during the 3rd quarter valued at $32,000. Ten Capital Wealth Advisors LLC grew its holdings in Accenture by 61.8% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 123 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. EWG Elevate Inc. acquired a new stake in Accenture during the 4th quarter valued at $32,000. Finally, Align Wealth Management LLC acquired a new stake in Accenture during the 4th quarter valued at $36,000. 73.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ACN. Jefferies Financial Group reduced their price objective on shares of Accenture from $290.00 to $279.00 in a research note on Monday, December 19th. Cowen increased their price objective on shares of Accenture from $295.00 to $300.00 in a research note on Monday, December 19th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research note on Monday, March 13th. Morgan Stanley reduced their price objective on shares of Accenture from $340.00 to $325.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Piper Sandler downgraded shares of Accenture from a “neutral” rating to an “underweight” rating and set a $268.00 price objective on the stock. in a research note on Monday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.50.

Accenture Stock Down 1.2 %

Shares of NYSE:ACN opened at $250.00 on Friday. The company has a market cap of $157.56 billion, a PE ratio of 22.71, a P/E/G ratio of 2.33 and a beta of 1.25. The company’s 50-day moving average price is $273.70 and its 200 day moving average price is $275.04. Accenture plc has a fifty-two week low of $242.80 and a fifty-two week high of $345.30.

Accenture (NYSE:ACN – Get Rating) last issued its quarterly earnings data on Friday, December 16th. The information technology services provider reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.17. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.58 billion. Accenture had a net margin of 11.31% and a return on equity of 31.49%. As a group, equities analysts anticipate that Accenture plc will post 11.44 EPS for the current year.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 556 shares of Accenture stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $280.53, for a total value of $155,974.68. Following the sale, the general counsel now directly owns 42,991 shares in the company, valued at approximately $12,060,265.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Accenture news, CAO Melissa A. Burgum sold 1,027 shares of the firm’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $280.99, for a total transaction of $288,576.73. Following the transaction, the chief accounting officer now owns 11,467 shares of the company’s stock, valued at approximately $3,222,112.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 556 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $280.53, for a total transaction of $155,974.68. Following the transaction, the general counsel now directly owns 42,991 shares in the company, valued at approximately $12,060,265.23. The disclosure for this sale can be found here. Insiders have sold a total of 39,015 shares of company stock worth $10,884,179 in the last ninety days. 0.08% of the stock is owned by insiders.

Accenture Company Profile

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Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.