Wealthfront Advisers LLC boosted its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,248 shares of the information technology services provider's stock after acquiring an additional 5,569 shares during the quarter. Wealthfront Advisers LLC's holdings in Accenture were worth $19,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of ACN. State Street Corp lifted its holdings in Accenture by 1.8% in the 3rd quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider's stock worth $9,685,648,000 after buying an additional 471,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Accenture by 378.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider's stock worth $1,941,219,000 after acquiring an additional 4,345,039 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Accenture by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,964,480 shares of the information technology services provider's stock valued at $1,746,455,000 after acquiring an additional 140,726 shares in the last quarter. Amundi raised its holdings in Accenture by 27.9% in the 4th quarter. Amundi now owns 3,790,069 shares of the information technology services provider's stock worth $1,353,909,000 after purchasing an additional 826,038 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Accenture by 47.5% in the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider's stock worth $1,324,029,000 after purchasing an additional 1,212,011 shares during the period. 75.14% of the stock is currently owned by institutional investors.
Accenture stock traded down $3.54 during trading on Wednesday, reaching $324.25. The company had a trading volume of 3,086,242 shares, compared to its average volume of 2,717,985. The firm's 50-day simple moving average is $364.92 and its 200 day simple moving average is $358.63. The firm has a market capitalization of $202.91 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35.
Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating 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 analysts' expectations of $17.15 billion. During the same period last year, the firm earned $3.27 earnings per share. The business's quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on ACN shares. Stifel Nicolaus decreased their price target on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday. Piper Sandler increased their target price on Accenture from $422.00 to $429.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. UBS Group lifted their price target on Accenture from $450.00 to $455.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and a consensus target price of $388.96.
Check Out Our Latest Stock Report on Accenture
In related news, CFO Angie Y. Park sold 685 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the transaction, the chief financial officer now owns 8,674 shares of the company's stock, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now directly owns 5,149 shares of the company's stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. 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 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.
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.
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