C WorldWide Group Holding A S Sells 3,576 Shares of Accenture plc (NYSE:ACN)

C WorldWide Group Holding A S cut its position in Accenture plc (NYSE:ACN) by 68.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,655 shares of the information technology services provider’s stock after selling 3,576 shares during the period. C WorldWide Group Holding A S’s holdings in Accenture were worth $582,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA raised its position in Accenture by 6.5% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock valued at $22,314,000 after purchasing an additional 3,883 shares during the last quarter. Davidson Trust Co. raised its position in shares of Accenture by 7.4% during the fourth quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after acquiring an additional 158 shares during the last quarter. Schrum Private Wealth Management LLC raised its position in shares of Accenture by 78.6% during the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock worth $4,047,000 after acquiring an additional 5,038 shares during the last quarter. MQS Management LLC bought a new position in shares of Accenture during the third quarter worth about $1,040,000. Finally, Concurrent Investment Advisors LLC raised its position in shares of Accenture by 70.6% during the third quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock worth $12,581,000 after acquiring an additional 14,724 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACN. The Goldman Sachs Group upgraded 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 research report on Friday, December 6th. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. Piper Sandler boosted their price target on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. BMO Capital Markets boosted their price target on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.22.

Accenture Trading Down 5.3 %

NYSE ACN opened at $364.35 on Monday. The company has a market cap of $228.00 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 3.41 and a beta of 1.24. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The business has a 50 day moving average price of $367.48 and a 200-day moving average price of $356.65. 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 (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) 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 business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter in the prior year, the company posted $3.27 earnings per share. Accenture’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Accenture news, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the transaction, the chief financial officer now owns 8,674 shares in the company, valued at $3,073,892.12. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by corporate insiders.

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.