Accenture plc (NYSE:ACN) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC trimmed its stake in Accenture plc (NYSE:ACN) by 7.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,305 shares of the information technology services provider’s stock after selling 110 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Accenture were worth $459,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ACN. Morse Asset Management Inc acquired a new stake in shares of Accenture in the third quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. acquired a new stake in Accenture in the 3rd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in Accenture during the 4th quarter valued at $34,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new stake in shares of Accenture during the fourth quarter valued at about $35,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 2.9 %

Shares of NYSE ACN opened at $386.71 on Friday. The stock has a market cap of $242.00 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.43 and a beta of 1.24. The business has a 50 day simple moving average of $361.34 and a 200 day simple moving average of $351.40. 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 52 week low of $278.69 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.27 EPS. On average, research analysts predict that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is 49.66%.

Analysts Set New Price Targets

ACN has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and upped their price objective for the company from $370.00 to $420.00 in a report on Friday, December 6th. Piper Sandler boosted their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Jefferies Financial Group reduced their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $387.22.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the transaction, the chief accounting officer now owns 9,247 shares in the company, valued at $3,278,431.38. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company’s stock.

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.