Mirova US LLC Acquires 149,119 Shares of Accenture plc (NYSE:ACN)

Mirova US LLC boosted its position in Accenture plc (NYSE:ACN) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 713,474 shares of the information technology services provider’s stock after purchasing an additional 149,119 shares during the period. Accenture comprises 3.0% of Mirova US LLC’s portfolio, making the stock its 14th biggest holding. Mirova US LLC owned about 0.11% of Accenture worth $250,993,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new position in Accenture in the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. raised 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 during the period. MidAtlantic Capital Management Inc. purchased a new stake in Accenture during the 3rd quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Accenture in the fourth quarter worth $30,000. Finally, POM Investment Strategies LLC increased its stake in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, the insider now directly owns 5,149 shares in the company, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock valued at $8,316,190 in the last quarter. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE ACN opened at $326.25 on Tuesday. 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 1-year low of $278.69 and a 1-year high of $398.35. The firm has a market capitalization of $204.16 billion, a P/E ratio of 27.37, a P/E/G ratio of 3.23 and a beta of 1.24. The firm’s 50-day moving average price is $362.51 and its 200-day moving average price is $358.14.

Accenture (NYSE:ACN) last released 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. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the firm earned $3.27 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACN has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on Accenture from $429.00 to $396.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective on the stock in a research report on Monday. UBS Group upped their price objective on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Jefferies Financial Group decreased their target price on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $388.04.

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.