Royal London Asset Management Ltd. Purchases 3,744 Shares of Accenture plc (NYSE:ACN)

Royal London Asset Management Ltd. increased its position in shares of Accenture plc (NYSE:ACN) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 318,517 shares of the information technology services provider’s stock after acquiring an additional 3,744 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of Accenture worth $112,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Swedbank AB raised its holdings in shares of Accenture by 16.6% in the 3rd quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock valued at $901,967,000 after acquiring an additional 363,401 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Accenture by 24.8% in the third quarter. Meeder Asset Management Inc. now owns 378 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 75 shares during the last quarter. Prospera Private Wealth LLC lifted its position in Accenture by 3.0% during the third quarter. Prospera Private Wealth LLC now owns 1,673 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 48 shares during the last quarter. Kirtland Hills Capital Management LLC grew its stake in Accenture by 2.4% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 4,324 shares of the information technology services provider’s stock worth $1,528,000 after buying an additional 100 shares in the last quarter. Finally, Hilton Capital Management LLC increased its holdings in shares of Accenture by 2.6% in the 3rd quarter. Hilton Capital Management LLC now owns 35,900 shares of the information technology services provider’s stock worth $12,690,000 after buying an additional 923 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at $3,516,610.90. The trade was a 2.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This trade represents a 42.58 % 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 in the last quarter. 0.02% of the stock is owned by company insiders.

Accenture Stock Up 0.1 %

Shares of NYSE ACN opened at $324.52 on Thursday. The firm has a fifty day simple moving average of $361.19 and a two-hundred day simple moving average of $357.78. The firm has a market capitalization of $203.08 billion, a PE ratio of 27.22, 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 12 month low of $278.69 and a 12 month high of $398.35.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Baird R W upgraded Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday. BMO Capital Markets reduced their price target on shares of Accenture from $425.00 to $370.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group lowered their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $384.45.

Accenture Company 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.