Profund Advisors LLC Purchases 840 Shares of Accenture plc (NYSE:ACN)

Profund Advisors LLC boosted its holdings in Accenture plc (NYSE:ACN) by 6.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,052 shares of the information technology services provider’s stock after buying an additional 840 shares during the period. Profund Advisors LLC’s holdings in Accenture were worth $3,960,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ACN. Vanguard Group Inc. raised its position in Accenture by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 59,718,732 shares of the information technology services provider’s stock worth $20,699,110,000 after buying an additional 635,349 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Accenture by 1.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,912,962 shares of the information technology services provider’s stock valued at $3,311,102,000 after purchasing an additional 131,544 shares during the last quarter. Capital Research Global Investors lifted its position in Accenture by 2.0% during the first quarter. Capital Research Global Investors now owns 8,652,537 shares of the information technology services provider’s stock valued at $2,999,056,000 after purchasing an additional 173,107 shares during the period. Lazard Asset Management LLC boosted its holdings in Accenture by 4.1% in the first quarter. Lazard Asset Management LLC now owns 3,797,028 shares of the information technology services provider’s stock worth $1,316,086,000 after purchasing an additional 148,738 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Accenture by 6.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,044,810 shares of the information technology services provider’s stock valued at $1,055,362,000 after buying an additional 178,003 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Trading Up 0.3 %

Shares of Accenture stock opened at $336.22 on Friday. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The stock has a 50 day moving average of $332.01 and a 200 day moving average of $322.06. The firm has a market cap of $210.71 billion, a PE ratio of 30.79, a PEG ratio of 3.82 and a beta of 1.24.

Accenture (NYSE:ACN) last announced 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 return on equity of 27.48% and a net margin of 10.79%. The business had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $16.55 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Mizuho lifted their price objective on Accenture from $352.00 to $365.00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Sandler Companies reaffirmed a “neutral” rating and set a $329.00 price target on shares of Accenture in a research report on Friday. Bank of America dropped their price objective on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Barclays decreased their price target on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. Finally, Jefferies Financial Group cut their price objective on shares of Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.41.

Insider Transactions at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total value of $1,649,100.00. Following the completion of the transaction, the insider now owns 8,989 shares in the company, valued at $2,964,751.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction 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 directly owns 22,849 shares of the company’s stock, valued at $7,564,161.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction 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 sale, the insider now directly owns 8,989 shares in the company, valued at approximately $2,964,751.98. The disclosure for this sale can be found here. Insiders have sold a total of 21,421 shares of company stock worth $6,912,635 in the last three months. Insiders own 0.07% of the company’s stock.

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.