Blue Barn Wealth LLC Sells 146 Shares of Accenture plc (NYSE:ACN)

Blue Barn Wealth LLC decreased its stake in shares of Accenture plc (NYSE:ACN) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,684 shares of the information technology services provider’s stock after selling 146 shares during the period. Blue Barn Wealth LLC’s holdings in Accenture were worth $591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Concord Wealth Partners raised its holdings in Accenture by 113.6% in the 3rd quarter. Concord Wealth Partners now owns 1,835 shares of the information technology services provider’s stock worth $564,000 after purchasing an additional 976 shares during the period. Lindbrook Capital LLC raised its stake in Accenture by 2.7% during the 3rd quarter. Lindbrook Capital LLC now owns 2,836 shares of the information technology services provider’s stock worth $871,000 after acquiring an additional 74 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Accenture in the third quarter worth $31,000. Castleview Partners LLC increased its stake in Accenture by 2.6% in the 3rd quarter. Castleview Partners LLC now owns 2,028 shares of the information technology services provider’s stock worth $623,000 after buying an additional 52 shares in the last quarter. Finally, Cambridge Trust Co. raised its stake in Accenture by 0.8% during the 3rd quarter. Cambridge Trust Co. now owns 47,617 shares of the information technology services provider’s stock valued at $14,624,000 after purchasing an additional 395 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the firm’s 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 transaction, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,083 shares of company stock valued at $8,959,325. Corporate insiders own 0.07% of the company’s stock.

Accenture Trading Up 0.4 %

Shares of NYSE:ACN traded up $1.33 on Wednesday, reaching $311.99. The company had a trading volume of 2,291,362 shares, compared to its average volume of 2,498,874. The firm’s 50 day simple moving average is $340.17 and its 200-day simple moving average is $342.35. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The firm has a market capitalization of $209.26 billion, a PE ratio of 28.40, a PEG ratio of 2.88 and a beta of 1.21.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 earnings per share. As a group, equities research analysts predict that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.65%. Accenture’s payout ratio is currently 46.78%.

Analyst Upgrades and Downgrades

ACN has been the subject of several research analyst reports. Mizuho reaffirmed a “buy” rating and set a $398.00 target price (down from $426.00) on shares of Accenture in a research note on Friday, March 22nd. TD Cowen reduced their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Guggenheim initiated coverage on Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 target price for the company. StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a research report on Wednesday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

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.