NBT Bank N A NY Has $1.02 Million Stake in Accenture plc (NYSE:ACN)

NBT Bank N A NY trimmed its holdings in Accenture plc (NYSE:ACN) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,908 shares of the information technology services provider’s stock after selling 383 shares during the period. NBT Bank N A NY’s holdings in Accenture were worth $1,023,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of Accenture in the third quarter valued at approximately $25,000. FPC Investment Advisory Inc. lifted its holdings 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 worth $28,000 after purchasing an additional 28 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Accenture during the 3rd quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture during the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC lifted its holdings in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACN has been the subject of several research reports. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a report on Wednesday, January 8th. Piper Sandler lifted their price target on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. BMO Capital Markets raised their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $388.96.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 961 shares of Accenture stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.47, for a total transaction of $340,645.67. Following the transaction, the insider now directly owns 5,484 shares of the company’s stock, valued at approximately $1,943,913.48. The trade was a 14.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Angie Y. Park sold 685 shares of Accenture stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares in the company, valued at $3,073,892.12. The trade was a 7.32 % 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 currently owned by company insiders.

Accenture Trading Down 2.0 %

NYSE ACN opened at $335.34 on Tuesday. 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 plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company has a market cap of $209.85 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The business’s fifty day moving average is $365.40 and its 200 day moving average is $358.67.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter last year, the business posted $3.27 EPS. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

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.