SNS Financial Group LLC Has $505,000 Stock Position in Accenture plc (NYSE:ACN)

SNS Financial Group LLC lowered its stake in Accenture plc (NYSE:ACN) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,436 shares of the information technology services provider’s stock after selling 95 shares during the period. SNS Financial Group LLC’s holdings in Accenture were worth $505,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in Accenture by 14.2% in the 4th quarter. Private Advisor Group LLC now owns 38,049 shares of the information technology services provider’s stock valued at $13,385,000 after purchasing an additional 4,739 shares during the period. Financial Perspectives Inc boosted its holdings in Accenture by 1,750.0% in the 4th quarter. Financial Perspectives Inc now owns 222 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 210 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Accenture by 2.9% during the 4th quarter. Global Retirement Partners LLC now owns 8,742 shares of the information technology services provider’s stock worth $3,075,000 after acquiring an additional 247 shares during the period. Northcape Wealth Management LLC lifted its holdings in shares of Accenture by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 6,032 shares of the information technology services provider’s stock worth $2,122,000 after acquiring an additional 37 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new stake in shares of Accenture during the 4th quarter worth approximately $728,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 0.8 %

ACN opened at $390.72 on Thursday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. 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 fifty day moving average of $366.87 and a 200-day moving average of $355.57. The stock has a market cap of $244.51 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.27 earnings per share. On average, sell-side analysts predict that Accenture plc will post 12.73 EPS for the current year.

Insider Buying and Selling at Accenture

In related news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction 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 trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ACN shares. JPMorgan Chase & Co. upped their price target on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and upped their price target for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Piper Sandler upped their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group dropped their price objective on shares of 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

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.