jvl associates llc Has $1.14 Million Stock Position in Accenture plc (NYSE:ACN)

jvl associates llc lifted its holdings in shares of Accenture plc (NYSE:ACN) by 1.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,682 shares of the information technology services provider’s stock after acquiring an additional 36 shares during the period. Accenture comprises about 0.6% of jvl associates llc’s holdings, making the stock its 22nd biggest position. jvl associates llc’s holdings in Accenture were worth $1,136,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Accenture in the 4th quarter worth about $1,850,765,000. Moneta Group Investment Advisors LLC increased its holdings in Accenture by 101,214.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,040,402 shares of the information technology services provider’s stock worth $1,078,141,000 after purchasing an additional 4,036,414 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Accenture in the 1st quarter worth about $638,488,000. Morgan Stanley increased its holdings in Accenture by 14.9% in the 4th quarter. Morgan Stanley now owns 16,642,841 shares of the information technology services provider’s stock worth $4,440,976,000 after purchasing an additional 2,163,582 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Accenture by 21.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,535,663 shares of the information technology services provider’s stock valued at $3,297,009,000 after buying an additional 2,060,646 shares during the period. Institutional investors and hedge funds own 70.42% of the company’s stock.

Accenture Stock Up 0.3 %

NYSE:ACN traded up $0.80 on Tuesday, hitting $316.68. The stock had a trading volume of 957,463 shares, compared to its average volume of 2,299,752. The business’s fifty day moving average is $316.31 and its 200 day moving average is $296.37. The company has a market cap of $210.48 billion, a PE ratio of 28.16, a P/E/G 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 announced its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.23. The business had revenue of $16.56 billion for the quarter, compared to analyst estimates of $16.49 billion. Accenture had a return on equity of 30.47% and a net margin of 11.28%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.79 earnings per share. Equities analysts predict that Accenture plc will post 11.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACN has been the subject of several recent research reports. Piper Sandler raised Accenture from an “underweight” rating to a “neutral” rating and increased their price target for the company from $250.00 to $316.00 in a research note on Wednesday, June 14th. JPMorgan Chase & Co. increased their price target on Accenture from $314.00 to $341.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. BMO Capital Markets cut Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. Barclays increased their price target on Accenture from $340.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, September 11th. Finally, Societe Generale upped their target price on Accenture from $314.00 to $373.00 and gave the company a “buy” rating in a research report on Friday, July 7th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average target price of $335.25.

Insider Activity

In other news, General Counsel Joel Unruch sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $320.60, for a total value of $2,244,200.00. Following the transaction, the general counsel now owns 36,034 shares in the company, valued at $11,552,500.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $316.19, for a total transaction of $1,976,187.50. Following the completion of the sale, the insider now directly owns 167,854 shares of the company’s stock, valued at $53,073,756.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 7,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $320.60, for a total value of $2,244,200.00. Following the sale, the general counsel now directly owns 36,034 shares of the company’s stock, valued at $11,552,500.40. The disclosure for this sale can be found here. Insiders have sold 25,774 shares of company stock worth $8,138,451 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Accenture Company 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.