Kohmann Bosshard Financial Services LLC Acquires Shares of 85 Accenture plc (NYSE:ACN)

Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture plc (NYSE:ACN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85 shares of the information technology services provider’s stock, valued at approximately $30,000.

Several other institutional investors also recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new position in shares of Accenture during the third quarter valued at about $25,000. FPC Investment Advisory Inc. grew its holdings in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Accenture during the 3rd quarter valued at approximately $30,000. POM Investment Strategies LLC grew its holdings in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Accenture during the 4th quarter valued at approximately $34,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 1.1 %

Shares of NYSE ACN opened at $344.57 on Tuesday. 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 business has a fifty day simple moving average of $366.99 and a two-hundred day simple moving average of $358.24. The firm has a market cap of $215.63 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35.

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

Wall Street Analysts Forecast Growth

ACN has been the subject of several research analyst reports. Piper Sandler raised their price target on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Jefferies Financial Group cut their price target on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and raised their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. BMO Capital Markets lifted their target price on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus dropped their target price on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $388.96.

Insider Buying and Selling at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the sale, the general counsel now directly owns 20,526 shares in the company, valued at $7,446,422.28. This represents a 18.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.

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.