Accenture plc (NYSE:ACN) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC cut its position in Accenture plc (NYSE:ACN - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,790 shares of the information technology services provider's stock after selling 2,352 shares during the quarter. Accenture makes up 4.9% of Wilkinson Global Asset Management LLC's investment portfolio, making the stock its 6th biggest holding. Wilkinson Global Asset Management LLC's holdings in Accenture were worth $79,079,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Accenture during the third quarter worth approximately $25,000. MidAtlantic Capital Management Inc. purchased a new stake in Accenture in the 3rd quarter valued at $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 34 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Accenture in the 4th quarter valued at $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position 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 valued at $35,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analyst Ratings Changes

ACN has been the subject of several research reports. The Goldman Sachs Group upgraded shares of Accenture from a "neutral" rating to a "buy" rating and upped their price target for the company from $370.00 to $420.00 in a research report on Friday, December 6th. 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. Wolfe Research raised shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective on the stock in a research note on Wednesday, January 8th. UBS Group boosted their price objective on shares of Accenture from $450.00 to $455.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Accenture has a consensus rating of "Moderate Buy" and an average target price of $387.22.

Insider Buying and Selling at Accenture

In other Accenture news, 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 value of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares in the company, 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. In the last ninety days, insiders have sold 22,280 shares of company stock worth $8,316,190. Corporate insiders own 0.02% of the company's stock.

Accenture Price Performance

NYSE ACN traded down $20.49 during trading hours on Friday, reaching $364.35. The company's stock had a trading volume of 3,747,836 shares, compared to its average volume of 2,728,130. The stock has a market cap of $228.00 billion, a PE ratio of 30.57, 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's 50-day moving average is $367.48 and its two-hundred day moving average is $356.12. 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 (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.16. The firm 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%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.27 EPS. Analysts forecast that Accenture plc will post 12.73 EPS for the current 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.