Atria Wealth Solutions Inc. Has $6.61 Million Holdings in Accenture plc (NYSE:ACN)

Atria Wealth Solutions Inc. lessened its holdings in Accenture plc (NYSE:ACN - Free Report) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,774 shares of the information technology services provider's stock after selling 2,861 shares during the period. Atria Wealth Solutions Inc.'s holdings in Accenture were worth $6,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in Accenture in the third quarter valued at $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture in the third quarter valued at $30,000. POM Investment Strategies LLC increased 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 acquiring an additional 34 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Accenture during the fourth quarter worth about $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Accenture by 607.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Activity

In related news, insider Angela Beatty sold 375 shares of the 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 completion of the sale, the insider now directly owns 5,149 shares of the company's stock, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the sale, the chief accounting officer now directly owns 8,915 shares of the company's stock, valued at approximately $3,516,610.90. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 in the last ninety days. 0.02% of the stock is owned by insiders.

Accenture Stock Performance

ACN traded down $19.13 during trading on Friday, reaching $365.71. 2,337,500 shares of the company's stock were exchanged, compared to its average volume of 2,684,819. The company has a market capitalization of $228.86 billion, a P/E ratio of 30.68, a PEG ratio of 3.46 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $367.37 and a 200 day moving average price of $355.77.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.16. The firm had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.27 EPS. As a group, analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research analyst reports. Wolfe Research raised shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price target for the company in a research report on Wednesday, January 8th. Robert W. Baird reissued a "neutral" rating and issued a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. BMO Capital Markets raised their price target on shares of Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their price target on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised shares of Accenture from a "neutral" rating to a "buy" rating and raised their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. Eight investment 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 stock has an average rating of "Moderate Buy" and an average target price of $387.22.

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.