Walled Lake Planning & Wealth Management LLC Has $3.31 Million Position in Accenture plc (NYSE:ACN)

Walled Lake Planning & Wealth Management LLC cut its position in Accenture plc (NYSE:ACN) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,414 shares of the information technology services provider’s stock after selling 2,074 shares during the period. Accenture comprises about 1.2% of Walled Lake Planning & Wealth Management LLC’s portfolio, making the stock its 25th largest position. Walled Lake Planning & Wealth Management LLC’s holdings in Accenture were worth $3,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board boosted its holdings in shares of Accenture by 12.8% in the third quarter. Public Sector Pension Investment Board now owns 27,296 shares of the information technology services provider’s stock valued at $9,649,000 after buying an additional 3,100 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Accenture by 18.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 489,830 shares of the information technology services provider’s stock worth $173,145,000 after purchasing an additional 74,825 shares during the period. Kolinsky Wealth Management LLC increased its holdings in Accenture by 2.2% during the 3rd quarter. Kolinsky Wealth Management LLC now owns 2,756 shares of the information technology services provider’s stock worth $974,000 after purchasing an additional 59 shares in the last quarter. Encompass More Asset Management raised its stake in shares of Accenture by 8.6% in the 3rd quarter. Encompass More Asset Management now owns 760 shares of the information technology services provider’s stock valued at $269,000 after purchasing an additional 60 shares during the period. Finally, Tradition Wealth Management LLC lifted its holdings in shares of Accenture by 0.3% in the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ACN shares. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $370.00 to $420.00 in a report on Friday, December 6th. Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price for the company in a report on Monday, March 17th. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Morgan Stanley reduced their price target on Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a research report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $378.23.

Accenture Price Performance

ACN stock opened at $304.32 on Friday. The company’s 50-day moving average price is $354.96 and its two-hundred day moving average price is $356.03. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. 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 has a market cap of $190.61 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 EPS. On average, analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is currently 48.89%.

Insider Activity

In other news, insider Angela Beatty sold 961 shares of the stock in a transaction on Friday, January 17th. The shares were 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 directly owns 5,484 shares in the company, valued at $1,943,913.48. This represents a 14.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. This trade represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,905 shares of company stock valued at $8,181,753. Insiders own 0.02% of the company’s stock.

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.