Strategic Blueprint LLC Sells 135 Shares of Accenture plc (NYSE:ACN)

Strategic Blueprint LLC trimmed its holdings in shares of Accenture plc (NYSE:ACN) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,664 shares of the information technology services provider’s stock after selling 135 shares during the quarter. Strategic Blueprint LLC’s holdings in Accenture were worth $937,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Morse Asset Management Inc bought a new position in Accenture during the third quarter valued at $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture during the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC bought a new stake in Accenture in the 4th quarter valued at about $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in 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 valued at $35,000 after purchasing an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new position in shares of Accenture in the fourth quarter worth about $35,000. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the subject of several analyst reports. 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 report on Wednesday, October 30th. Piper Sandler upped their price target on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Robert W. Baird restated a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Wolfe Research upgraded 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. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $383.74.

Insider Transactions at Accenture

In other Accenture news, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $343.70, for a total value of $1,096,746.70. Following the sale, the chief executive officer now directly owns 6 shares of the company’s stock, valued at approximately $2,062.20. The trade was a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 4,750 shares of the firm’s stock in a transaction 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 transaction, the general counsel now owns 20,526 shares of the company’s stock, valued at $7,446,422.28. The trade was a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,446 shares of company stock valued at $5,852,848. Company insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.7 %

Shares of NYSE ACN opened at $380.78 on Friday. The company has a market cap of $238.29 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 3.20 and a beta of 1.24. 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 firm’s fifty day moving average is $358.63 and its 200 day moving average is $349.20. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same period in the prior year, the business posted $3.27 earnings per share. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.55%. Accenture’s dividend payout ratio (DPR) 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.