Good Life Advisors LLC Sells 926 Shares of Accenture plc (NYSE:ACN)

Good Life Advisors LLC lowered its stake in Accenture plc (NYSE:ACN - Free Report) by 21.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,441 shares of the information technology services provider's stock after selling 926 shares during the quarter. Good Life Advisors LLC's holdings in Accenture were worth $1,210,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ACN. Morse Asset Management Inc acquired a new stake in Accenture in the third quarter worth about $25,000. MidAtlantic Capital Management Inc. bought a new stake in Accenture in the third quarter worth about $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% in 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 in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Accenture in the fourth quarter worth about $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in Accenture by 607.1% in 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 in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Stock Down 5.1 %

Shares of Accenture stock traded down $19.71 during trading on Friday, hitting $365.13. 2,465,388 shares of the stock traded hands, compared to its average volume of 2,688,328. The stock has a market cap of $228.49 billion, a P/E ratio of 30.66, a PEG ratio of 3.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company has a fifty day moving average price of $367.37 and a two-hundred day moving average price of $355.77.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion during 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%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.27 EPS. Equities research analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated 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 in the company, valued at $1,845,916.50. The trade was a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Angie Y. Park sold 685 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the transaction, the chief financial officer now directly owns 8,674 shares in the company, valued at $3,073,892.12. The trade was a 7.32 % 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 worth $8,316,190 in the last three months. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. Robert W. Baird reiterated a "neutral" rating and issued a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of Accenture from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. BNP Paribas cut shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 price target on the stock. in a research report on Wednesday, October 30th. UBS Group boosted their price objective on Accenture from $450.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Finally, BMO Capital Markets raised their target price on shares of Accenture from $390.00 to $425.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $387.22.

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.