Cozad Asset Management Inc. Has $236,000 Holdings in Accenture plc (NYSE:ACN)

Cozad Asset Management Inc. boosted its stake in shares of Accenture plc (NYSE:ACN) by 5.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 670 shares of the information technology services provider’s stock after purchasing an additional 33 shares during the quarter. Cozad Asset Management Inc.’s holdings in Accenture were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA increased its holdings in shares of Accenture by 6.5% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock valued at $22,314,000 after purchasing an additional 3,883 shares during the period. Davidson Trust Co. increased its holdings in shares of Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after purchasing an additional 158 shares during the period. Franklin Street Advisors Inc. NC increased its holdings in shares of Accenture by 126.8% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock valued at $14,090,000 after purchasing an additional 22,391 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Accenture by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider’s stock valued at $1,705,100,000 after purchasing an additional 56,937 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Accenture by 37.5% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 843 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 0.5 %

ACN opened at $324.21 on Wednesday. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $202.89 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 3.23 and a beta of 1.24. The business has a 50 day moving average of $361.86 and a 200-day moving average of $358.02.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. The company 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%. Accenture’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.27 earnings per share. As a group, sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Insider Activity at Accenture

In related news, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the transaction, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the transaction, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at $3,516,610.90. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ACN has been the topic of a number of research reports. Morgan Stanley dropped their target price on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a report on Monday. JPMorgan Chase & Co. boosted 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. UBS Group boosted their price target on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Robert W. Baird raised Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target for the company in a research note on Monday. Finally, Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a research note on Monday. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $385.65.

Accenture 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.