Bedrijfstakpensioenfonds Voor DE Media PNO Sells 8,500 Shares of Accenture PLC $ACN

Bedrijfstakpensioenfonds Voor DE Media PNO lessened its holdings in Accenture PLC (NYSE:ACN) by 15.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,550 shares of the information technology services provider’s stock after selling 8,500 shares during the quarter. Accenture makes up approximately 1.6% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 25th largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Accenture were worth $13,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Accenture by 14.9% in the fourth quarter. Two Sigma Advisers LP now owns 8,500 shares of the information technology services provider’s stock worth $2,990,000 after acquiring an additional 1,100 shares during the period. Ameriflex Group Inc. bought a new stake in Accenture in the fourth quarter valued at approximately $75,000. Capital A Wealth Management LLC acquired a new stake in Accenture during the 4th quarter valued at approximately $34,000. Finally, Jefferies Financial Group Inc. raised its holdings in Accenture by 348.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 9,894 shares of the information technology services provider’s stock worth $3,481,000 after purchasing an additional 7,688 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ACN shares. Argus set a $370.00 price objective on shares of Accenture in a research report on Tuesday, June 24th. Stifel Nicolaus decreased their price target on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. JPMorgan Chase & Co. lowered their price objective on Accenture from $334.00 to $302.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Morgan Stanley cut their target price on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Finally, Mizuho set a $348.00 target price on Accenture and gave the stock an “outperform” rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $329.52.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This represents a 21.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 203 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock valued at $834,280 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

NYSE ACN opened at $235.20 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $256.10 and a 200 day simple moving average of $287.94. Accenture PLC has a 12-month low of $234.10 and a 12-month high of $398.35. The company has a market cap of $147.32 billion, a P/E ratio of 18.73, a PEG ratio of 2.07 and a beta of 1.29.

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.