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

Good Life Advisors LLC lessened its position in shares of Accenture plc (NYSE:ACN) by 21.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,441 shares of the information technology services provider’s stock after selling 926 shares during the period. Good Life Advisors LLC’s holdings in Accenture were worth $1,210,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACN. Financial Perspectives Inc grew its stake in shares of Accenture by 1,750.0% during the fourth quarter. Financial Perspectives Inc now owns 222 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 210 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Accenture by 2.9% during the fourth quarter. Global Retirement Partners LLC now owns 8,742 shares of the information technology services provider’s stock worth $3,075,000 after buying an additional 247 shares during the period. Northcape Wealth Management LLC grew its holdings in shares of Accenture by 0.6% during the fourth quarter. Northcape Wealth Management LLC now owns 6,032 shares of the information technology services provider’s stock valued at $2,122,000 after buying an additional 37 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in shares of Accenture in the 4th quarter valued at $728,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Accenture during the 4th quarter worth about $1,011,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 2,497 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the sale, the chief executive officer now owns 28,866 shares in the company, valued at approximately $10,232,419.68. This represents a 7.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. This represents a 6.79 % 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.

Analyst Ratings Changes

ACN has been the topic of a number of research reports. Piper Sandler increased their price objective on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. UBS Group raised their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective on the stock. in a report on Wednesday, October 30th. Robert W. Baird reissued a “neutral” rating and set a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. Finally, Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $387.22.

Accenture Stock Performance

NYSE:ACN opened at $390.72 on Thursday. The company has a fifty day moving average of $366.87 and a two-hundred day moving average of $355.57. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The stock has a market capitalization of $244.51 billion, a PE ratio of 32.78, a P/E/G ratio of 3.44 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 (NYSE:ACN) last posted 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 company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same period in the previous year, the firm posted $3.27 EPS. Accenture’s revenue was up 9.0% compared to the same quarter last year. As a group, research analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.

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.