Walled Lake Planning & Wealth Management LLC Sells 2,074 Shares of Accenture plc (NYSE:ACN)

Walled Lake Planning & Wealth Management LLC cut its holdings in Accenture plc (NYSE:ACN) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,414 shares of the information technology services provider’s stock after selling 2,074 shares during the period. Accenture comprises approximately 1.2% of Walled Lake Planning & Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Walled Lake Planning & Wealth Management LLC’s holdings in Accenture were worth $3,312,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Morse Asset Management Inc purchased a new stake in Accenture in the third quarter worth $25,000. FPC Investment Advisory Inc. increased 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 worth $28,000 after acquiring an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Accenture during the fourth quarter valued at about $30,000. POM Investment Strategies LLC increased its stake in shares of Accenture by 64.2% in 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 in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the fourth quarter valued at approximately $34,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Down 1.4 %

ACN opened at $304.32 on Friday. The company has a market cap of $190.61 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The business’s 50-day moving average price is $354.96 and its 200-day moving average price is $356.03. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The business’s quarterly revenue was up 5.7% 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is 48.89%.

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, insider Angela Beatty sold 961 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.47, for a total value of $340,645.67. Following the transaction, the insider now owns 5,484 shares of the company’s stock, valued at approximately $1,943,913.48. This represents a 14.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,905 shares of company stock valued at $8,181,753 over the last ninety days. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ACN shares. Piper Sandler reduced their price objective on shares of Accenture from $396.00 to $364.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Baird R W upgraded Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a report on Wednesday, January 8th. BMO Capital Markets upped their price target on Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Barclays reduced their price objective on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $378.23.

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.