Accenture plc (NYSE:ACN) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC reduced its stake in shares of Accenture plc (NYSE:ACN) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,995 shares of the information technology services provider’s stock after selling 244 shares during the period. Accenture makes up approximately 1.5% of Isthmus Partners LLC’s portfolio, making the stock its 27th biggest holding. Isthmus Partners LLC’s holdings in Accenture were worth $11,959,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Baldwin Wealth Partners LLC MA increased its holdings 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 buying an additional 3,883 shares in the last quarter. Davidson Trust Co. increased its stake in shares of Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after purchasing an additional 158 shares in the last quarter. Schrum Private Wealth Management LLC boosted its position in 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 purchasing an additional 5,038 shares in the last quarter. MQS Management LLC acquired a new stake in Accenture in the third quarter valued at approximately $1,040,000. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after buying an additional 22,391 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the subject of several recent analyst reports. UBS Group boosted their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Jefferies Financial Group reduced their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and increased their target price for the company from $370.00 to $420.00 in a report on Friday, December 6th. Finally, Stifel Nicolaus lowered their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $388.96.

Accenture Trading Down 0.0 %

NYSE ACN opened at $341.68 on Monday. 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 $213.82 billion, a P/E ratio of 28.66, a PEG ratio of 3.23 and a beta of 1.24. The firm’s 50-day moving average is $365.74 and its two-hundred day moving average is $358.64. 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 earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter last year, the firm earned $3.27 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

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.