Tradewinds LLC. Sells 55 Shares of Accenture plc (NYSE:ACN)

Tradewinds LLC. trimmed its stake in Accenture plc (NYSE:ACN) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 926 shares of the information technology services provider’s stock after selling 55 shares during the period. Tradewinds LLC.’s holdings in Accenture were worth $357,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACN. Newbridge Financial Services Group Inc. raised its position in shares of Accenture by 5.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock worth $182,000 after acquiring an additional 28 shares during the last quarter. FPC Investment Advisory Inc. raised its holdings in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the last quarter. New England Professional Planning Group Inc. lifted its position in shares of Accenture by 4.6% in the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider’s stock worth $230,000 after purchasing an additional 29 shares during the period. TCW Group Inc. boosted its stake in shares of Accenture by 0.3% in the 3rd quarter. TCW Group Inc. now owns 11,501 shares of the information technology services provider’s stock valued at $4,065,000 after purchasing an additional 30 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. raised its stake in Accenture by 4.3% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 725 shares of the information technology services provider’s stock worth $255,000 after buying an additional 30 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ACN shares. Morgan Stanley decreased their price target on Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a report on Monday, March 17th. Piper Sandler dropped their price target on Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective for the company in a research report on Monday, March 17th. Guggenheim dropped their target price on shares of Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, UBS Group reduced their price target on shares of Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $378.23.

Insider Transactions at Accenture

In related news, CFO Angie Y. Park sold 685 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the sale, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. The trade was a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 961 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.47, for a total transaction of $340,645.67. Following the transaction, the insider now owns 5,484 shares of the company’s stock, valued at $1,943,913.48. This represents a 14.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,905 shares of company stock worth $8,181,753 in the last quarter. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $313.50 on Wednesday. The stock has a market cap of $196.35 billion, a P/E ratio of 26.30, a P/E/G ratio of 3.23 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average price is $353.32 and its two-hundred day moving average price is $355.55. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 EPS. On average, equities analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio is currently 48.89%.

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.