Freedom Day Solutions LLC Has $3.57 Million Stake in Accenture plc (NYSE:ACN)

Freedom Day Solutions LLC grew its holdings in Accenture plc (NYSE:ACN) by 5.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,140 shares of the information technology services provider’s stock after buying an additional 568 shares during the period. Accenture comprises about 1.1% of Freedom Day Solutions LLC’s portfolio, making the stock its 19th biggest holding. Freedom Day Solutions LLC’s holdings in Accenture were worth $3,567,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ACN. State Street Corp increased its holdings in Accenture by 1.8% in the third quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider’s stock worth $9,685,648,000 after buying an additional 471,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Accenture by 378.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock worth $1,941,219,000 after buying an additional 4,345,039 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Accenture by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider’s stock worth $1,705,100,000 after buying an additional 56,937 shares during the last quarter. Swedbank AB increased its holdings in Accenture by 47.5% in the fourth quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock worth $1,324,029,000 after buying an additional 1,212,011 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Accenture by 1.5% in the third quarter. Stifel Financial Corp now owns 1,892,409 shares of the information technology services provider’s stock worth $668,974,000 after buying an additional 28,491 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 0.8 %

ACN opened at $390.72 on Thursday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The firm’s fifty day moving average price is $366.87 and its two-hundred day moving average price is $355.57. The company has a market capitalization of $244.51 billion, a P/E ratio of 32.78, a P/E/G ratio of 3.44 and a beta of 1.24.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ACN shares. JPMorgan Chase & Co. increased their price objective on 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 upgraded Accenture from a “neutral” rating to a “buy” rating and increased their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. Robert W. Baird reiterated a “neutral” rating and set a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. Piper Sandler increased 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. Finally, Morgan Stanley increased their price objective on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.22.

Insiders Place Their Bets

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the sale, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,497 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the sale, the chief executive officer now directly owns 28,866 shares of the company’s stock, valued at approximately $10,232,419.68. This trade represents a 7.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently owned by insiders.

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.