Wrapmanager Inc. Sells 510 Shares of Accenture plc (NYSE:ACN)

Wrapmanager Inc. trimmed its position in shares of Accenture plc (NYSE:ACN) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,355 shares of the information technology services provider’s stock after selling 510 shares during the period. Wrapmanager Inc.’s holdings in Accenture were worth $2,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Morse Asset Management Inc acquired a new stake in Accenture in the third quarter valued at approximately $25,000. FPC Investment Advisory Inc. grew its position in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Accenture during the 3rd quarter valued at approximately $30,000. POM Investment Strategies LLC lifted its stake in shares of Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at $34,000. 75.14% of the stock is owned by institutional investors.

Accenture Trading Down 0.2 %

Shares of Accenture stock opened at $363.66 on Tuesday. The business has a 50 day moving average price of $367.61 and a 200 day moving average price of $356.99. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The company has a market capitalization of $227.58 billion, a P/E ratio of 30.51, a P/E/G ratio of 3.23 and a beta of 1.24. 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 announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. During the same quarter last year, the business earned $3.27 earnings per share. Accenture’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Analyst Ratings Changes

ACN has been the topic of several research analyst reports. Jefferies Financial Group dropped their price target on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. UBS Group raised their price target 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. JPMorgan Chase & Co. raised their price objective on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Robert W. Baird reissued a “neutral” rating and issued a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. Finally, Morgan Stanley boosted their target price on shares of Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $387.22.

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction 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 owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently 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.