Accenture plc (NYSE:ACN) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division increased its holdings in Accenture plc (NYSE:ACN – Get Rating) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,553 shares of the information technology services provider’s stock after purchasing an additional 207 shares during the quarter. Moody National Bank Trust Division’s holdings in Accenture were worth $3,083,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. United Bank raised its holdings in shares of Accenture by 6.3% during the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock valued at $1,001,000 after acquiring an additional 176 shares during the last quarter. Weitz Investment Management Inc. raised its holdings in shares of Accenture by 1.3% during the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock valued at $30,148,000 after acquiring an additional 1,168 shares during the last quarter. Fund Management at Engine No. 1 LLC acquired a new position in shares of Accenture during the first quarter valued at approximately $1,805,000. Guardian Wealth Management Inc. raised its holdings in shares of Accenture by 0.6% during the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock valued at $2,459,000 after acquiring an additional 41 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Accenture by 104.8% in the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock valued at $148,871,000 after purchasing an additional 225,943 shares in the last quarter. Institutional investors and hedge funds own 73.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ACN shares. Piper Sandler lowered Accenture from a “neutral” rating to an “underweight” rating and set a $268.00 price target for the company. in a research report on Monday, December 12th. JPMorgan Chase & Co. upped their price target on Accenture from $306.00 to $327.00 in a research report on Thursday, December 15th. Wells Fargo & Company began coverage on Accenture in a research report on Monday, January 30th. They issued an “equal weight” rating and a $289.00 price objective for the company. Cowen increased their price objective on Accenture from $295.00 to $300.00 in a research report on Monday, December 19th. Finally, Robert W. Baird lowered their price objective on Accenture from $310.00 to $290.00 and set a “neutral” rating for the company in a research report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $316.50.

Insiders Place Their Bets

In other news, insider Ellyn Shook sold 5,250 shares of Accenture stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $276.08, for a total value of $1,449,420.00. Following the completion of the transaction, the insider now owns 34,444 shares in the company, valued at approximately $9,509,299.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Melissa A. Burgum sold 1,027 shares of the stock in a transaction on Friday, January 13th. The stock was sold at an average price of $280.99, for a total value of $288,576.73. Following the transaction, the chief accounting officer now owns 11,467 shares of the company’s stock, valued at $3,222,112.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 5,250 shares of Accenture stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $276.08, for a total value of $1,449,420.00. Following the sale, the insider now directly owns 34,444 shares of the company’s stock, valued at $9,509,299.52. The disclosure for this sale can be found here. Insiders have sold a total of 39,015 shares of company stock worth $10,884,179 in the last quarter. 0.08% of the stock is owned by company insiders.

Accenture Trading Down 1.2 %

ACN traded down $2.92 during trading hours on Friday, hitting $250.00. 6,470,869 shares of the company’s stock were exchanged, compared to its average volume of 2,251,999. The firm has a market cap of $157.56 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. Accenture plc has a 12-month low of $242.80 and a 12-month high of $345.30. The firm has a 50 day moving average of $273.70 and a 200 day moving average of $275.16.

Accenture (NYSE:ACN – Get Rating) last posted its quarterly earnings data on Friday, December 16th. The information technology services provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.17. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.58 billion. Accenture had a return on equity of 31.49% and a net margin of 11.31%. As a group, research analysts expect that Accenture plc will post 11.44 EPS for the current fiscal year.

Accenture Company Profile

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Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.