Accurate Wealth Management LLC Purchases 1,084 Shares of Accenture PLC $ACN

Key Points

• Accurate Wealth Management LLC increased its stake in Accenture PLC by 46.8%, purchasing an additional 1,084 shares, bringing its total holdings to 3,402 shares valued at approximately $983,000.
• Multiple institutional investors, including Park Square Financial and Kelly Lawrence W & Associates, have recently made new investments in Accenture, reflecting strong interest in the company's stock.
• Wall Street analysts have mixed ratings on Accenture, with price targets ranging from $255 to $370, indicating a general sentiment of cautious optimism and an average rating of "Moderate Buy".

Accurate Wealth Management LLC increased its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 46.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,402 shares of the information technology services provider's stock after purchasing an additional 1,084 shares during the period. Accurate Wealth Management LLC's holdings in Accenture were worth $983,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ACN. Park Square Financial Group LLC acquired a new stake in Accenture in the 4th quarter worth $31,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture during the first quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new position in Accenture in the 1st quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in shares of Accenture during the 1st quarter worth approximately $42,000. Finally, Atwood & Palmer Inc. raised its stake in shares of Accenture by 407.4% in the first quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider's stock valued at $43,000 after purchasing an additional 110 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ACN shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Accenture from $290.00 to $260.00 and set a "hold" rating on the stock in a report on Thursday, September 11th. Wolfe Research decreased their price objective on Accenture from $290.00 to $285.00 and set an "outperform" rating on the stock in a report on Tuesday. BNP Paribas Exane cut their target price on Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a research report on Wednesday. Guggenheim lowered their target price on shares of Accenture from $335.00 to $305.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Finally, Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.83.

Insider Buying and Selling

In other Accenture news, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 203 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock worth $834,280 in the last quarter. Insiders own 0.02% of the company's stock.

Accenture Stock Up 1.6%

Shares of NYSE:ACN opened at $239.29 on Thursday. Accenture PLC has a 12 month low of $234.10 and a 12 month high of $398.35. The firm has a market cap of $149.87 billion, a P/E ratio of 19.05, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $255.29 and its two-hundred day moving average price is $287.60.

Accenture 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.

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