Accenture plc (NYSE:ACN) Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC trimmed its stake in Accenture plc (NYSE:ACN) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,570 shares of the information technology services provider’s stock after selling 95 shares during the period. Private Wealth Partners LLC’s holdings in Accenture were worth $1,256,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ACN. Private Advisor Group LLC lifted its stake in Accenture by 14.2% during the fourth quarter. Private Advisor Group LLC now owns 38,049 shares of the information technology services provider’s stock worth $13,385,000 after purchasing an additional 4,739 shares in the last quarter. Financial Perspectives Inc raised its holdings in shares of Accenture by 1,750.0% in the 4th quarter. Financial Perspectives Inc now owns 222 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 210 shares during the period. Global Retirement Partners LLC boosted its holdings in Accenture by 2.9% during the 4th quarter. Global Retirement Partners LLC now owns 8,742 shares of the information technology services provider’s stock valued at $3,075,000 after acquiring an additional 247 shares during the period. Northcape Wealth Management LLC grew its position in Accenture by 0.6% in the 4th quarter. Northcape Wealth Management LLC now owns 6,032 shares of the information technology services provider’s stock valued at $2,122,000 after acquiring an additional 37 shares in the last quarter. Finally, Atlas Legacy Advisors LLC purchased a new stake in Accenture during the fourth quarter worth about $728,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Up 0.8 %

ACN opened at $390.72 on Thursday. The stock has a market capitalization of $244.51 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a one year low of $278.69 and a one year high of $398.35. The business’s 50-day simple moving average is $366.87 and its 200-day simple moving average is $355.57.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.27 earnings per share. Analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Analyst Ratings Changes

ACN has been the subject of a number of research reports. UBS Group lifted their price objective on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective on the stock. in a research report on Wednesday, October 30th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Robert W. Baird restated a “neutral” rating and set a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. Finally, Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $387.22.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the sale, the general counsel now directly owns 20,526 shares of the company’s stock, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock worth $8,316,190 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Accenture Company 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.