Empower Advisory Group LLC Purchases 65 Shares of Accenture plc (NYSE:ACN)

Empower Advisory Group LLC boosted its position in Accenture plc (NYSE:ACN) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,199 shares of the information technology services provider’s stock after acquiring an additional 65 shares during the period. Empower Advisory Group LLC’s holdings in Accenture were worth $1,477,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ACN. Morse Asset Management Inc purchased a new position in Accenture during the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture during the third quarter worth about $30,000. POM Investment Strategies LLC grew 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 purchasing an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture during the fourth quarter worth about $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Accenture by 607.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the transaction, the chief accounting officer now owns 8,915 shares in the company, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Angie Y. Park sold 685 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the transaction, the chief financial officer now owns 8,674 shares of the company’s stock, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock worth $8,316,190 over the last quarter. 0.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a report on Wednesday, January 8th. 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 report on Friday, December 20th. Morgan Stanley boosted their price objective on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. 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 research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.22.

Accenture Price Performance

Shares of Accenture stock opened at $387.12 on Wednesday. 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 $242.26 billion, a PE ratio of 32.48, a P/E/G ratio of 3.44 and a beta of 1.24. The business has a 50 day moving average of $365.85 and a 200 day moving average of $354.87. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last announced its 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. The company had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.27 earnings per share. As a group, equities research analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Accenture 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.