Accenture plc (NYSE:ACN) Shares Sold by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC trimmed its position in Accenture plc (NYSE:ACN) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,152 shares of the information technology services provider’s stock after selling 56 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Accenture were worth $405,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Morse Asset Management Inc purchased a new position in shares of Accenture in the 3rd quarter worth about $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture in the 3rd quarter worth about $30,000. POM Investment Strategies LLC raised its holdings in shares of Accenture by 64.2% in 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 during the period. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture in the 4th quarter worth about $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of Accenture by 607.1% in the 3rd 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 during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Accenture

In other Accenture news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction 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. The trade was a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of Accenture 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 sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock worth $8,316,190 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

Accenture Trading Down 0.4 %

NYSE:ACN opened at $387.99 on Friday. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. The firm has a market capitalization of $242.80 billion, a P/E ratio of 32.55, a P/E/G ratio of 3.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The business has a 50 day simple moving average of $364.78 and a 200 day simple moving average of $353.68.

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

Accenture Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on ACN. Jefferies Financial Group dropped their target price on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. UBS Group raised their target price on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Morgan Stanley raised their target price on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, BMO Capital Markets raised their target price on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.