Accenture plc (NYSE:ACN) Shares Sold by Values Added Financial LLC

Values Added Financial LLC trimmed its holdings in shares of Accenture plc (NYSE:ACN) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 714 shares of the information technology services provider’s stock after selling 95 shares during the period. Values Added Financial LLC’s holdings in Accenture were worth $251,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ACN. Morse Asset Management Inc acquired a new position in shares of Accenture in the 3rd quarter valued at $25,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Accenture in the 3rd quarter valued at approximately $30,000. POM Investment Strategies LLC grew its position in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Accenture during the 4th quarter valued at $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the transaction, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Performance

Shares of NYSE ACN opened at $389.71 on Friday. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. 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 has a market cap of $243.88 billion, a P/E ratio of 32.69, a P/E/G ratio of 3.44 and a beta of 1.24. The business’s 50 day moving average is $364.15 and its two-hundred day moving average is $353.43.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same period in the prior year, the company earned $3.27 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.52%. Accenture’s dividend payout ratio is 49.66%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ACN shares. JPMorgan Chase & Co. upped their price target on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Piper Sandler upped their target price on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. UBS Group lifted their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average price target of $387.22.

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.