Accenture PLC $ACN Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP reduced its position in Accenture PLC (NYSE:ACNFree Report) by 32.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,331 shares of the information technology services provider’s stock after selling 4,014 shares during the period. Mirabella Financial Services LLP’s holdings in Accenture were worth $2,054,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Investors Research Corp raised its holdings in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the period. Harbor Capital Advisors Inc. grew its stake in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares during the period. Triumph Capital Management acquired a new stake in shares of Accenture in the third quarter worth $26,000. Davis Capital Management purchased a new position in shares of Accenture in the 3rd quarter valued at $28,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ACN shares. Guggenheim lowered their price target on Accenture from $305.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Jefferies Financial Group boosted their price objective on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Berenberg Bank initiated coverage on Accenture in a research note on Thursday, January 22nd. They issued a “buy” rating and a $313.00 target price for the company. Citigroup dropped their target price on Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, Rothschild & Co Redburn upped their price target on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Eighteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $286.19.

Check Out Our Latest Report on Accenture

Accenture Stock Performance

NYSE:ACN opened at $194.77 on Thursday. The firm has a 50-day moving average of $237.56 and a two-hundred day moving average of $247.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $119.90 billion, a P/E ratio of 16.10, a PEG ratio of 1.88 and a beta of 1.27. Accenture PLC has a 1-year low of $188.73 and a 1-year high of $326.73.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.59 earnings per share. On average, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the completion of the transaction, the chief executive officer directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Catherine Kiernan Hogan sold 660 shares of Accenture stock in a transaction on Monday, January 26th. The stock was sold at an average price of $280.93, for a total transaction of $185,413.80. Following the completion of the sale, the chief operating officer owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,088 shares of company stock worth $5,970,434 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Key Accenture News

Here are the key news stories impacting Accenture this week:

About Accenture

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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