Schulhoff & Co. Inc. Has $4.55 Million Holdings in Accenture plc (NYSE:ACN)

Schulhoff & Co. Inc. lowered its holdings in Accenture plc (NYSE:ACN) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,943 shares of the information technology services provider’s stock after selling 37 shares during the period. Accenture makes up 2.0% of Schulhoff & Co. Inc.’s portfolio, making the stock its 13th biggest position. Schulhoff & Co. Inc.’s holdings in Accenture were worth $4,553,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Morse Asset Management Inc bought a new position in shares of Accenture during the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. boosted its stake in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 28 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Accenture in the 3rd quarter valued at approximately $30,000. POM Investment Strategies LLC lifted its holdings in shares of 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 buying an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the fourth quarter valued at approximately $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Accenture

In other news, insider Angela Beatty sold 375 shares of the stock in a transaction dated 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 represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction dated Wednesday, February 5th. The stock was 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 directly 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 disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock worth $8,316,190 over the last 90 days. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ACN shares. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and increased their target price for the company from $370.00 to $420.00 in a research note on Friday, December 6th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Morgan Stanley raised 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. Finally, Jefferies Financial Group cut their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $388.96.

Accenture Stock Down 0.4 %

Shares of NYSE ACN opened at $356.96 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $223.38 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. The firm’s 50-day simple moving average is $367.64 and its 200 day simple moving average is $357.33.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.43 by $0.16. The business 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.27 earnings per share. On average, research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Company Profile

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.