WP Advisors LLC Sells 142 Shares of Accenture plc (NYSE:ACN)

WP Advisors LLC reduced its position in shares of Accenture plc (NYSE:ACN) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,790 shares of the information technology services provider’s stock after selling 142 shares during the quarter. WP Advisors LLC’s holdings in Accenture were worth $1,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new stake in Accenture during the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. bought a new stake in Accenture during the 3rd quarter valued at about $30,000. POM Investment Strategies LLC grew 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 acquiring an additional 34 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the fourth quarter worth approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake 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 worth $35,000 after acquiring an additional 85 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

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

Accenture Stock Performance

NYSE:ACN opened at $385.06 on Friday. The stock has a 50-day moving average price of $367.37 and a 200 day moving average price of $355.77. 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 plc has a 12-month low of $278.69 and a 12-month high of $398.35. The stock has a market capitalization of $240.97 billion, a P/E ratio of 32.30, a P/E/G ratio of 3.44 and a beta of 1.24.

Accenture (NYSE:ACN) last announced 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 net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same period last year, the firm posted $3.27 EPS. The company’s revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. Piper Sandler lifted their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. BNP Paribas lowered shares of 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. Finally, UBS Group boosted their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.