GSB Wealth Management LLC Sells 121 Shares of Accenture plc (NYSE:ACN)

GSB Wealth Management LLC reduced its position in shares of Accenture plc (NYSE:ACN) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,517 shares of the information technology services provider’s stock after selling 121 shares during the quarter. GSB Wealth Management LLC’s holdings in Accenture were worth $1,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Schrum Private Wealth Management LLC boosted its holdings in shares of 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 valued at $4,047,000 after acquiring an additional 5,038 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Accenture during the 3rd quarter valued at about $1,040,000. Concurrent Investment Advisors LLC boosted its holdings in shares of 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 valued at $12,581,000 after acquiring an additional 14,724 shares during the last quarter. M&G PLC boosted its holdings in shares of Accenture by 34.1% during the 3rd quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock valued at $103,361,000 after acquiring an additional 74,438 shares during the last quarter. Finally, Radnor Capital Management LLC boosted its holdings in shares of Accenture by 21.6% during the 3rd quarter. Radnor Capital Management LLC now owns 22,131 shares of the information technology services provider’s stock valued at $7,823,000 after acquiring an additional 3,930 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 1,487 shares of Accenture 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 in the company, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the transaction, the chief executive officer now owns 6 shares of the company’s stock, valued at $2,062.20. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,332 shares of company stock worth $6,172,719. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Wolfe Research raised shares of 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. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Susquehanna raised their price objective on shares of Accenture from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, Bank of America raised their price objective on shares of Accenture from $365.00 to $388.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $383.74.

Accenture Trading Down 0.2 %

Shares of Accenture stock opened at $362.65 on Friday. The firm has a market cap of $226.94 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 3.20 and a beta of 1.24. The business has a 50-day moving average price of $357.37 and a 200-day moving average price of $347.30. 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 $387.51.

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, beating analysts’ consensus estimates of $3.43 by $0.16. The firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.27 earnings per share. Equities research analysts anticipate that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.63%. Accenture’s dividend payout ratio is currently 49.66%.

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.