Impax Asset Management Group plc Has $11.38 Million Stock Holdings in Accenture plc (NYSE:ACN)

Impax Asset Management Group plc lowered its position in shares of Accenture plc (NYSE:ACN) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,336 shares of the information technology services provider’s stock after selling 1,816 shares during the quarter. Impax Asset Management Group plc’s holdings in Accenture were worth $11,375,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ACN. Baldwin Wealth Partners LLC MA raised its stake in Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after buying an additional 3,883 shares during the period. Davidson Trust Co. increased its holdings in shares of Accenture by 7.4% in the fourth quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after acquiring an additional 158 shares in the last quarter. Schrum Private Wealth Management LLC raised its position in shares of Accenture by 78.6% during the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock worth $4,047,000 after purchasing an additional 5,038 shares during the period. MQS Management LLC acquired a new position in shares of Accenture in the 3rd quarter valued at approximately $1,040,000. Finally, Concurrent Investment Advisors LLC increased its stake in Accenture by 70.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock worth $12,581,000 after purchasing an additional 14,724 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Accenture news, insider Angela Beatty sold 375 shares of the stock in a transaction that occurred on 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 owns 5,149 shares in the company, valued at $1,845,916.50. This represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by insiders.

Accenture Stock Down 0.2 %

ACN opened at $363.66 on Tuesday. The stock’s fifty day simple moving average is $367.61 and its 200 day simple moving average is $356.99. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The stock has a market cap of $227.58 billion, a PE ratio of 30.51, 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 (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter last year, the company posted $3.27 EPS. Accenture’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Wall Street Analyst Weigh In

ACN has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and upped their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. BMO Capital Markets upped their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. UBS Group lifted their target price on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Piper Sandler upped their price target on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target 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.