Signal Advisors Wealth LLC Raises Stake in Accenture plc (NYSE:ACN)

Signal Advisors Wealth LLC lifted its position in shares of Accenture plc (NYSE:ACNFree Report) by 9.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,031 shares of the information technology services provider’s stock after purchasing an additional 267 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Accenture were worth $1,050,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ACN. Chilton Capital Management LLC boosted its holdings in Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares during the period. DiNuzzo Private Wealth Inc. purchased a new position in Accenture in the 4th quarter worth approximately $27,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Accenture in the 4th quarter valued at approximately $29,000. Halpern Financial Inc. acquired a new position in shares of Accenture in the 4th quarter valued at approximately $31,000. Finally, Grayhawk Investment Strategies Inc. acquired a new position in shares of Accenture in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ACN shares. Susquehanna reissued a “neutral” rating and set a $360.00 price target (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Stifel Nicolaus dropped their price target on Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Wedbush dropped their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Piper Sandler dropped their price target on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Barclays dropped their price target on Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $360.50.

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Insider Activity

In other Accenture news, COO John F. Walsh sold 8,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the sale, the chief operating officer now directly owns 17,877 shares in the company, valued at approximately $5,937,488.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now directly owns 17,877 shares in the company, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,083 shares of company stock worth $8,959,325. Insiders own 0.07% of the company’s stock.

Accenture Stock Performance

NYSE:ACN traded up $20.81 on Thursday, reaching $306.16. The company’s stock had a trading volume of 11,372,372 shares, compared to its average volume of 2,740,002. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The firm has a market cap of $205.35 billion, a PE ratio of 27.76, a PEG ratio of 3.11 and a beta of 1.21. The business’s 50-day moving average price is $301.27 and its two-hundred day moving average price is $337.45.

Accenture (NYSE:ACNGet Free Report) last released its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.01). Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. During the same quarter in the previous year, the company posted $3.19 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Accenture plc will post 12.06 EPS for the current year.

Accenture Profile

(Free Report)

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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