Decatur Capital Management Inc. Has $1.97 Million Stake in Accenture plc (NYSE:ACN)

Decatur Capital Management Inc. boosted its holdings in shares of Accenture plc (NYSE:ACN) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,506 shares of the information technology services provider’s stock after buying an additional 176 shares during the period. Decatur Capital Management Inc.’s holdings in Accenture were worth $1,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Vanguard Group Inc. increased its stake in Accenture by 1.1% in the first quarter. Vanguard Group Inc. now owns 59,718,732 shares of the information technology services provider’s stock valued at $20,699,110,000 after acquiring an additional 635,349 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Accenture by 1.2% in the 2nd 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 period. Capital Research Global Investors raised its holdings in shares of Accenture by 2.0% in the 1st quarter. Capital Research Global Investors now owns 8,652,537 shares of the information technology services provider’s stock worth $2,999,056,000 after buying an additional 173,107 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Accenture by 4.1% during the 1st 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 buying an additional 148,738 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Accenture by 6.2% in the first 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 acquiring an additional 178,003 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 0.8 %

ACN stock opened at $336.96 on Thursday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The business’s fifty day moving average is $332.73 and its 200-day moving average is $321.04. The company has a market cap of $211.17 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 3.69 and a beta of 1.24.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 3,776 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $309.05, for a total value of $1,166,972.80. Following the completion of the sale, the chief executive officer now directly owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the sale, the insider now owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 3,776 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.05, for a total value of $1,166,972.80. Following the completion of the transaction, the chief executive officer now owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,421 shares of company stock worth $6,912,635. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, June 17th. Susquehanna decreased their price objective on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. TD Cowen lifted their target price on shares of Accenture from $293.00 to $321.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. decreased their price target on Accenture from $376.00 to $370.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Piper Sandler Companies reissued a “neutral” rating and issued a $329.00 price objective on shares of Accenture in a research note on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average target price of $356.14.

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.