Berkshire Bank Sells 163 Shares of Accenture plc (NYSE:ACN)

Berkshire Bank decreased its position in Accenture plc (NYSE:ACN) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,488 shares of the information technology services provider’s stock after selling 163 shares during the period. Berkshire Bank’s holdings in Accenture were worth $3,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACN. United Bank lifted its stake in Accenture by 6.3% in the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock worth $1,001,000 after acquiring an additional 176 shares during the period. Weitz Investment Management Inc. lifted its stake in Accenture by 1.3% in the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock worth $30,148,000 after acquiring an additional 1,168 shares during the period. Fund Management at Engine No. 1 LLC purchased a new stake in Accenture in the first quarter worth $1,805,000. Guardian Wealth Management Inc. lifted its stake in Accenture by 0.6% in the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock worth $2,459,000 after acquiring an additional 41 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in Accenture by 104.8% in the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock worth $148,871,000 after acquiring an additional 225,943 shares during the period. Institutional investors own 70.42% of the company’s stock.

Insider Activity at Accenture

In related news, CAO Melissa A. Burgum sold 1,344 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $300.00, for a total transaction of $403,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,506 shares in the company, valued at approximately $3,151,800. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Accenture news, CAO Melissa A. Burgum sold 1,344 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $300.00, for a total value of $403,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,506 shares in the company, valued at approximately $3,151,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Leonardo Framil sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $311.52, for a total value of $934,560.00. Following the completion of the transaction, the chief executive officer now owns 16,898 shares of the company’s stock, valued at $5,264,064.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,774 shares of company stock worth $8,138,451. 0.08% of the stock is owned by company insiders.

Accenture Stock Up 1.1 %

NYSE ACN opened at $315.91 on Tuesday. The company has a 50-day moving average price of $316.31 and a 200-day moving average price of $296.37. The firm has a market capitalization of $209.97 billion, a P/E ratio of 28.16, a PEG 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 data on Thursday, June 22nd. The information technology services provider reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.23. The company had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $16.49 billion. Accenture had a return on equity of 30.47% and a net margin of 11.28%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.79 EPS. As a group, equities research analysts anticipate that Accenture plc will post 11.6 EPS for the current year.

Wall Street Analysts Forecast Growth

ACN has been the subject of several recent research reports. TD Cowen raised their price objective on Accenture from $300.00 to $312.00 and gave the company a “market perform” rating in a research report on Tuesday, September 12th. Citigroup reaffirmed a “buy” rating and issued a $358.00 price target on shares of Accenture in a research report on Monday. Societe Generale lifted their price target on Accenture from $314.00 to $373.00 and gave the stock a “buy” rating in a research report on Friday, July 7th. Morgan Stanley lifted their price target on Accenture from $340.00 to $356.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 12th. Finally, Piper Jaffray Companies lowered their price target on Accenture from $316.00 to $314.00 and set a “neutral” rating for the company in a research report on Friday, June 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $335.25.

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.