Accenture plc (NYSE:ACN) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its holdings in Accenture plc (NYSE:ACN - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,492 shares of the information technology services provider's stock after selling 2,425 shares during the quarter. Blue Trust Inc.'s holdings in Accenture were worth $8,264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Masso Torrence Wealth Management Inc. lifted its position in Accenture by 2.0% in the third quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider's stock valued at $511,000 after acquiring an additional 28 shares during the last quarter. BSW Wealth Partners lifted its holdings in shares of Accenture by 0.7% in the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider's stock valued at $1,441,000 after purchasing an additional 28 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in Accenture by 5.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock worth $182,000 after buying an additional 28 shares during the last quarter. Slow Capital Inc. increased its position in Accenture by 0.3% during the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider's stock worth $3,205,000 after buying an additional 29 shares during the period. Finally, Tradition Wealth Management LLC lifted its stake in Accenture by 0.3% in the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider's stock valued at $3,871,000 after buying an additional 29 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of NYSE:ACN traded up $3.16 during trading on Wednesday, hitting $390.72. 1,438,004 shares of the stock were exchanged, compared to its average volume of 2,711,225. The company has a market cap of $244.51 billion, a PE ratio of 32.78, a P/E/G ratio of 3.44 and a beta of 1.24. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $366.33 and a two-hundred day moving average price of $355.32. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) 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. The company had revenue of $17.69 billion for 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%. Accenture's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.27 earnings per share. On average, analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ACN shares. JPMorgan Chase & Co. lifted their target price on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, December 16th. The Goldman Sachs Group upgraded shares of Accenture from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $370.00 to $420.00 in a research note on Friday, December 6th. Piper Sandler increased their target price on shares of Accenture from $422.00 to $429.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Wolfe Research raised Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $370.00 target price on shares of Accenture in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $387.22.

Insider Buying and Selling at Accenture

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 transaction of $527,200.98. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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.