Accenture plc (NYSE:ACN) Shares Sold by Blue Barn Wealth LLC

Blue Barn Wealth LLC reduced its holdings in shares of Accenture plc (NYSE:ACN) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,684 shares of the information technology services provider’s stock after selling 146 shares during the quarter. Blue Barn Wealth LLC’s holdings in Accenture were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ACN. Chilton Capital Management LLC raised its stake in Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of Accenture during the fourth quarter valued at approximately $27,000. BluePath Capital Management LLC purchased a new stake in Accenture in the 3rd quarter worth approximately $31,000. Halpern Financial Inc. purchased a new position in shares of Accenture during the 4th quarter worth $31,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Accenture during the fourth quarter worth $50,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Trading Up 0.4 %

Accenture stock traded up $1.33 during midday trading on Wednesday, reaching $311.99. 2,291,362 shares of the stock traded hands, compared to its average volume of 2,498,874. The firm has a fifty day moving average price of $340.17 and a two-hundred day moving average price of $342.35. The firm has a market cap of $209.26 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.88 and a beta of 1.21. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Insider Activity at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Accenture news, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the sale, the chief operating officer now directly owns 17,877 shares in the company, valued at $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the sale, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock worth $8,959,325 in the last quarter. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Bank of America lifted their target price on Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Redburn Atlantic boosted their target price on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. TD Cowen cut their target price on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Finally, Robert W. Baird boosted their price objective on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $387.00.

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.