Boston Financial Mangement LLC Purchases 151 Shares of Accenture plc (NYSE:ACN)

Boston Financial Mangement LLC grew its position in Accenture plc (NYSE:ACN) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,720 shares of the information technology services provider’s stock after acquiring an additional 151 shares during the quarter. Boston Financial Mangement LLC’s holdings in Accenture were worth $2,364,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Masso Torrence Wealth Management Inc. increased its holdings in Accenture by 2.0% in the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock valued at $511,000 after buying an additional 28 shares during the period. BSW Wealth Partners increased its holdings in Accenture by 0.7% in the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock valued at $1,441,000 after buying an additional 28 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in Accenture by 5.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock valued at $182,000 after buying an additional 28 shares during the period. Tradition Wealth Management LLC increased its holdings in Accenture by 0.3% in the 3rd quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after buying an additional 29 shares during the period. Finally, TCW Group Inc. increased its holdings in Accenture by 0.3% in the 3rd quarter. TCW Group Inc. now owns 11,501 shares of the information technology services provider’s stock valued at $4,065,000 after buying an additional 30 shares during the period. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of research analyst reports. Robert W. Baird restated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price objective on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. BMO Capital Markets boosted their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Morgan Stanley boosted their price objective on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.22.

Accenture Stock Down 1.3 %

Shares of Accenture stock opened at $385.06 on Friday. Accenture plc has a one year low of $278.69 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s 50-day moving average is $367.37 and its 200 day moving average is $355.77. The firm has a market cap of $240.97 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 3.44 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 for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the business earned $3.27 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Insider Buying and Selling

In other news, insider Angela Beatty sold 375 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 of the company’s stock, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by company insiders.

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.