Rep. William R. Keating Buys Accenture plc (NYSE:ACN) Stock

Posted by Ethan Ryder on Feb 27th, 2025

Representative William R. Keating (D-Massachusetts) recently bought shares of Accenture plc (NYSE:ACN). In a filing disclosed on February 25th, the Representative disclosed that they had bought between $1,001 and $15,000 in Accenture stock on February 5th. The trade occurred in the Representative’s “BILL’S IRA” account.

Representative William R. Keating also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Aramark (NYSE:ARMK) on 2/5/2025.
Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 2/5/2025.
Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/5/2025.
Purchased $1,001 – $15,000 in shares of KLA (NASDAQ:KLAC) on 1/24/2025.
Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 1/24/2025.
Purchased $1,001 – $15,000 in shares of CoStar Group (NASDAQ:CSGP) on 1/21/2025.
Sold $1,001 – $15,000 in shares of Airbnb (NASDAQ:ABNB) on 1/7/2025.
Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/7/2025.
Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 1/7/2025.

Accenture Price Performance

Accenture stock opened at $358.32 on Thursday. The stock has a market cap of $224.23 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The firm has a 50-day moving average of $367.94 and a two-hundred day moving average of $357.33.

Accenture (NYSE:ACN – Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.16. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.27 EPS. On average, research analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ACN shares. Morgan Stanley raised their price target on shares of Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Piper Sandler raised 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. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price for the company. in a report on Wednesday, October 30th. Robert W. Baird reissued a “neutral” rating and set a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. Finally, Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price for the company in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $388.96.

Read Our Latest Stock Report on ACN

Institutional Trading of Accenture

Institutional investors have recently modified their holdings of the stock. Morse Asset Management Inc purchased a new position in shares of Accenture in the third quarter worth about $25,000. FPC Investment Advisory Inc. lifted its stake in shares of Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after buying an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture in the third quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Accenture in the fourth quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Accenture in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the business’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 sale, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 in the company, valued at $3,516,610.90. This trade represents a 2.54 % 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.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts’ 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2027.

Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts’ 9th Congressional District. He declared candidacy for the 2026 election.

After earning his bachelor’s degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master’s degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

About Accenture

(Get Free Report)

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.