Accenture plc (NYSE:ACN) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 59.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,847 shares of the information technology services provider's stock after selling 2,755 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Accenture were worth $650,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in shares of Accenture in the third quarter worth $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture in the third quarter worth approximately $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture in the fourth quarter valued at about $34,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 85 shares during the period. Finally, Berbice Capital Management LLC bought a new position in shares of Accenture during the 4th quarter valued at approximately $35,000. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wolfe Research raised Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price target on the stock in a research report on Wednesday, January 8th. BNP Paribas downgraded shares of Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 price objective for the company. in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Accenture from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Jefferies Financial Group decreased their price target on Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Finally, Robert W. Baird reissued a "neutral" rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $383.74.

Insider Activity

In other Accenture news, CEO Ryoji Sekido sold 3,191 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the completion of the transaction, the chief executive officer now directly owns 6 shares in the company, valued at approximately $2,062.20. This represents a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 4,750 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the completion of the sale, the general counsel now directly owns 20,526 shares of the company's stock, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,446 shares of company stock worth $5,852,848. Corporate insiders own 0.02% of the company's stock.

Accenture Trading Up 2.0 %

NYSE:ACN traded up $7.60 during midday trading on Thursday, reaching $382.02. 1,282,024 shares of the stock traded hands, compared to its average volume of 2,699,561. 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 12 month low of $278.69 and a 12 month high of $387.51. The stock has a market capitalization of $239.06 billion, a P/E ratio of 32.06, a PEG ratio of 3.20 and a beta of 1.24. The company has a fifty day moving average of $358.63 and a 200 day moving average of $349.20.

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, topping analysts' consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.27 EPS. On average, research analysts predict that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.55%. Accenture's payout ratio is presently 49.66%.

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.