Wellington Shields & Co. LLC Sells 125 Shares of Accenture plc (NYSE:ACN)

Wellington Shields & Co. LLC reduced its stake in Accenture plc (NYSE:ACN) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 402 shares of the information technology services provider’s stock after selling 125 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Accenture were worth $141,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACN. Morse Asset Management Inc bought a new position in Accenture in the 3rd quarter valued at about $25,000. FPC Investment Advisory Inc. raised its holdings in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Accenture in the 3rd quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Accenture in the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC increased its holdings in shares of Accenture by 64.2% during the fourth 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. 75.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Jefferies Financial Group lowered their target price on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus lowered their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.52.

Accenture Stock Performance

Shares of Accenture stock opened at $318.28 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The stock has a market cap of $199.17 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 3.23 and a beta of 1.24. The company’s fifty day moving average is $363.01 and its 200 day moving average is $357.97.

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, topping 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 company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the previous year, the firm posted $3.27 earnings per share. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction, the chief accounting officer now owns 8,915 shares in the company, valued at $3,516,610.90. The trade was a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock valued at $8,316,190 over the last 90 days. 0.02% of the stock is owned by insiders.

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.