Human Investing LLC Sells 202 Shares of Accenture plc (NYSE:ACN)

Human Investing LLC decreased its stake in shares of Accenture plc (NYSE:ACN) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,664 shares of the information technology services provider’s stock after selling 202 shares during the period. Human Investing LLC’s holdings in Accenture were worth $585,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA lifted its holdings in Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after purchasing an additional 3,883 shares in the last quarter. Schrum Private Wealth Management LLC lifted its holdings in Accenture by 78.6% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock worth $4,047,000 after purchasing an additional 5,038 shares in the last quarter. MQS Management LLC purchased a new stake in Accenture during the 3rd quarter worth about $1,040,000. Concurrent Investment Advisors LLC lifted its holdings in Accenture by 70.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock worth $12,581,000 after purchasing an additional 14,724 shares in the last quarter. Finally, M&G PLC lifted its holdings in Accenture by 34.1% during the 3rd quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock worth $103,361,000 after purchasing an additional 74,438 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CAO Melissa A. Burgum sold 1,487 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the transaction, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,280 shares of company stock valued at $8,316,190. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN opened at $387.99 on Monday. The firm has a market cap of $242.80 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 3.44 and a beta of 1.24. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The stock’s 50 day simple moving average is $365.29 and its 200 day simple moving average is $354.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last posted its quarterly earnings results 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 return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the previous year, the business earned $3.27 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. As a group, analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

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

Analysts Set New Price Targets

ACN has been the topic of several recent analyst reports. Jefferies Financial Group lowered their price target on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. BMO Capital Markets raised their price target on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a report on Wednesday, January 8th. Finally, UBS Group raised their price target on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $387.22.

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.