Atlantic Union Bankshares Corp Sells 1,044 Shares of Accenture plc (NYSE:ACN)

Atlantic Union Bankshares Corp decreased its position in Accenture plc (NYSE:ACN - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,045 shares of the information technology services provider's stock after selling 1,044 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Accenture were worth $8,810,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Baldwin Wealth Partners LLC MA boosted its position in Accenture by 6.5% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock worth $22,314,000 after purchasing an additional 3,883 shares during the period. Davidson Trust Co. boosted its position in 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 purchasing an additional 158 shares during the period. 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 during the period. MQS Management LLC bought a new stake in Accenture during the third quarter worth approximately $1,040,000. Finally, Franklin Street Advisors Inc. NC boosted its position in Accenture by 126.8% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider's stock worth $14,090,000 after purchasing an additional 22,391 shares during the period. Institutional investors own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Accenture from a "neutral" rating to a "buy" rating and upped their target price for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Morgan Stanley upped their target price on Accenture from $335.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. 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 report on Wednesday, January 8th. BMO Capital Markets increased their price objective on Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Finally, UBS Group increased their price objective on Accenture from $450.00 to $455.00 and gave the company a "buy" rating in a research report on Friday, December 20th. 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $388.96.

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Insider Activity

In other news, insider Angela Beatty sold 375 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm's stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by corporate insiders.

Accenture Stock Performance

Accenture stock opened at $341.68 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a fifty day moving average price of $365.74 and a two-hundred day moving average price of $358.27. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The firm has a market capitalization of $213.82 billion, a P/E ratio of 28.66, a P/E/G ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same period in the prior year, the company posted $3.27 earnings per share. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

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.

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