Accenture plc (NYSE:ACN) Shares Sold by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC cut its holdings in Accenture plc (NYSE:ACN) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,650 shares of the information technology services provider’s stock after selling 68 shares during the period. Avidian Wealth Solutions LLC’s holdings in Accenture were worth $930,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Chilton Capital Management LLC raised its position in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Accenture during the fourth quarter worth approximately $27,000. BluePath Capital Management LLC acquired a new position in shares of Accenture in the 3rd quarter valued at $31,000. Halpern Financial Inc. purchased a new position in shares of Accenture in the 4th quarter valued at $31,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Accenture during the 4th quarter worth $50,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Accenture news, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the sale, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at approximately $1,667,866.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the completion of the sale, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at approximately $1,667,866.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The disclosure for this sale can be found here. Insiders sold a total of 31,639 shares of company stock valued at $10,276,287 over the last quarter. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ACN shares. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a research note on Wednesday, January 17th. Redburn Atlantic raised their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. TD Cowen reduced their price target on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, March 22nd. Finally, Stifel Nicolaus upped their price objective on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Stock Performance

NYSE ACN traded up $3.37 during trading hours on Friday, reaching $303.71. The company’s stock had a trading volume of 2,767,141 shares, compared to its average volume of 3,150,080. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51. The stock has a market cap of $203.71 billion, a PE ratio of 27.53, a PEG ratio of 2.88 and a beta of 1.21. The company’s 50-day moving average is $342.95 and its two-hundred day moving average is $342.23.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the prior year, the company earned $2.69 EPS. Accenture’s revenue was down .1% on a year-over-year basis. Equities analysts expect that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is 46.78%.

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.