Symphony Financial Ltd. Co. Has $761,000 Stake in Accenture plc (NYSE:ACN)

Symphony Financial Ltd. Co. boosted its holdings in Accenture plc (NYSE:ACN) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,469 shares of the information technology services provider’s stock after buying an additional 84 shares during the period. Symphony Financial Ltd. Co.’s holdings in Accenture were worth $761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. United Bank lifted its stake in Accenture by 6.3% in the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock valued at $1,001,000 after buying an additional 176 shares during the period. Weitz Investment Management Inc. boosted its holdings in Accenture by 1.3% during the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock worth $30,148,000 after buying an additional 1,168 shares during the last quarter. Fund Management at Engine No. 1 LLC bought a new position in Accenture during the first quarter worth about $1,805,000. Guardian Wealth Management Inc. boosted its holdings in Accenture by 0.6% during the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock worth $2,459,000 after buying an additional 41 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Accenture by 104.8% during the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock worth $148,871,000 after buying an additional 225,943 shares during the last quarter. Institutional investors own 70.42% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, CAO Melissa A. Burgum sold 1,344 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $300.00, for a total value of $403,200.00. Following the completion of the transaction, the chief accounting officer now owns 10,506 shares of the company’s stock, valued at approximately $3,151,800. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Accenture news, CEO Leonardo Framil sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $311.52, for a total value of $934,560.00. Following the sale, the chief executive officer now owns 16,898 shares in the company, valued at approximately $5,264,064.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Melissa A. Burgum sold 1,344 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $300.00, for a total value of $403,200.00. Following the sale, the chief accounting officer now owns 10,506 shares in the company, valued at approximately $3,151,800. The disclosure for this sale can be found here. Insiders sold a total of 25,774 shares of company stock valued at $8,138,451 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Accenture Stock Down 0.5 %

Shares of NYSE:ACN traded down $1.45 during trading on Tuesday, reaching $314.43. 616,329 shares of the company traded hands, compared to its average volume of 2,297,917. The company’s 50 day moving average is $316.31 and its two-hundred day moving average is $296.37. The firm has a market capitalization of $208.99 billion, a PE ratio of 28.16, a PEG ratio of 2.67 and a beta of 1.22. Accenture plc has a 52 week low of $242.80 and a 52 week high of $330.43.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.23. Accenture had a return on equity of 30.47% and a net margin of 11.28%. The company had revenue of $16.56 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter in the previous year, the firm earned $2.79 EPS. Accenture’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Accenture plc will post 11.6 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Piper Jaffray Companies dropped their price target on Accenture from $316.00 to $314.00 and set a “neutral” rating on the stock in a research report on Friday, June 23rd. TD Cowen raised their price target on Accenture from $300.00 to $312.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 12th. Stifel Nicolaus lifted their target price on Accenture from $310.00 to $343.00 in a research report on Thursday, June 15th. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, JPMorgan Chase & Co. boosted their price target on Accenture from $314.00 to $341.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.25.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, interactive, 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 comprises 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 comprises turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.