Accenture plc (NYSE:ACN) Shares acquired by Benjamin F. Edwards & Company Inc.

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Benjamin F. Edwards & Company Inc. raised its position in shares of Accenture plc (NYSE:ACN – Free Report) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,953 shares of the information technology services provider’s stock after acquiring an additional 8,147 shares during the quarter. Interests held by Benjamin F. Edwards & Company Inc. in Accenture were worth $36,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACN. Annapolis Financial Services LLC lifted its position in shares of Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Accenture in the fourth quarter valued at about $29,000. Atwood & Palmer Inc. lifted its position in shares of Accenture by 214.8% in the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 58 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in shares of Accenture in the second quarter valued at approximately $26,000. Finally, Grayhawk Investment Strategies Inc. purchased a new position in shares of Accenture during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 75.14% of the company’s shares.

Accenture Price Performance

Shares of Accenture opened at $335.24 on Friday. The firm has a 50-day simple moving average of $331.50 and a 200-day simple moving average of $322.77. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The stock has a market cap of $210.09 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 3.82 and a beta of 1.24.

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Accenture (NYSE:ACN – Get Your Free Report ) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The firm had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. During the same period last year, the company earned $3.19 EPS. The company’s quarterly revenue was down 0.6% year-over-year. equities analysts expect that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Insider buying and selling

In related news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the completion of the transaction, the insider now owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In related news, General Counsel Joel Unruch sold 8,145 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the transaction, the general counsel now owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the completion of the transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,421 shares of company stock worth $6,912,635. Company insiders own 0.07% of the company’s shares.

The Wall Street analyst weighs in

ACN has been the subject of several recent analyst reports. Mizuho boosted their price target on Accenture from $352.00 to $365.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup boosted their price target on Accenture from $350.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush reduced their price objective on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Bank of America reduced their price objective on Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Finally, Piper Sandler Companies decreased their price objective on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a report on Monday, June 17th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.59, according to MarketBeat.

Read the latest stock analysis on ACN

About Accenture

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Accenture plc, a professional services company, provides strategy and consulting, industry X, songs, and technology and operations services worldwide. The company provides application services including agile transformation, DevOps, application modernization, enterprise architecture, software engineering and quality, data management; intelligent automation including 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); metaverse; and sustainability services.