Woodmont Investment Counsel LLC Sells 72 Shares of Accenture plc (NYSE:ACN)

Woodmont Investment Counsel LLC lowered its position in shares of Accenture plc (NYSE:ACN) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,719 shares of the information technology services provider’s stock after selling 72 shares during the period. Woodmont Investment Counsel LLC’s holdings in Accenture were worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Accenture by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider’s stock valued at $21,246,236,000 after acquiring an additional 392,183 shares in the last quarter. State Street Corp increased its position in shares of Accenture by 1.8% during the third quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider’s stock valued at $9,685,648,000 after acquiring an additional 471,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Accenture by 378.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock valued at $1,941,219,000 after acquiring an additional 4,345,039 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Accenture by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,964,480 shares of the information technology services provider’s stock valued at $1,746,455,000 after acquiring an additional 140,726 shares in the last quarter. Finally, Amundi increased its position in shares of Accenture by 27.9% during the fourth quarter. Amundi now owns 3,790,069 shares of the information technology services provider’s stock valued at $1,353,909,000 after acquiring an additional 826,038 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction on 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 sale, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 961 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.47, for a total transaction of $340,645.67. Following the completion of the sale, the insider now owns 5,484 shares in the company, valued at approximately $1,943,913.48. This trade represents a 14.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,905 shares of company stock worth $8,181,753. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.4 %

ACN opened at $305.17 on Monday. 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 fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm’s fifty day moving average is $359.16 and its 200 day moving average is $357.33. The stock has a market cap of $190.97 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.77 EPS. On average, sell-side analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.94%. Accenture’s dividend payout ratio is currently 49.66%.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research reports. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. UBS Group dropped their target price on shares of Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets dropped their target price on shares of Accenture from $425.00 to $370.00 and set a “market perform” rating on the stock in a report on Tuesday, March 18th. Stifel Nicolaus dropped their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Guggenheim dropped their target price on shares of Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a report on Friday. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $380.05.

About Accenture

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.