Roffman Miller Associates Inc. PA Buys 751 Shares of Accenture plc (NYSE:ACN)

Roffman Miller Associates Inc. PA grew its stake in shares of Accenture plc (NYSE:ACN) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 72,386 shares of the information technology services provider’s stock after acquiring an additional 751 shares during the quarter. Accenture comprises about 1.6% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 27th biggest position. Roffman Miller Associates Inc. PA’s holdings in Accenture were worth $25,465,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Baldwin Wealth Partners LLC MA lifted its position in shares of 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 last quarter. Davidson Trust Co. lifted its position in shares of Accenture by 7.4% during the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after buying an additional 158 shares during the last quarter. Schrum Private Wealth Management LLC lifted its position in shares of Accenture by 78.6% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock worth $4,047,000 after buying an additional 5,038 shares during the last quarter. MQS Management LLC bought a new stake in shares of Accenture during the 3rd quarter worth $1,040,000. Finally, Concurrent Investment Advisors LLC lifted its position in shares of 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 buying an additional 14,724 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Trading Down 5.3 %

Shares of Accenture stock opened at $364.35 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The stock has a 50 day moving average price of $367.48 and a two-hundred day moving average price of $356.65. The stock has a market capitalization of $228.00 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 26.91% and a net margin of 11.41%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.27 earnings per share. As a group, equities analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Insider Activity at Accenture

In related news, CFO Angie Y. Park sold 685 shares of Accenture stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now owns 8,674 shares of the company’s stock, valued at $3,073,892.12. The trade was a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. The trade was 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 over the last 90 days. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. BNP Paribas cut 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. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. UBS Group upped their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and upped their target price for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $387.22.

Accenture Company Profile

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.