Atria Wealth Solutions Inc. Sells 2,861 Shares of Accenture plc (NYSE:ACN)

Atria Wealth Solutions Inc. lessened its stake in shares of Accenture plc (NYSE:ACN) by 13.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,774 shares of the information technology services provider’s stock after selling 2,861 shares during the period. Atria Wealth Solutions Inc.’s holdings in Accenture were worth $6,605,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Swedbank AB boosted its stake in shares of Accenture by 16.6% in the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after acquiring an additional 363,401 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Accenture by 29.9% in the third quarter. Sequoia Financial Advisors LLC now owns 20,589 shares of the information technology services provider’s stock worth $7,278,000 after acquiring an additional 4,734 shares during the period. Segment Wealth Management LLC boosted its stake in shares of Accenture by 0.4% in the third quarter. Segment Wealth Management LLC now owns 42,984 shares of the information technology services provider’s stock worth $15,194,000 after acquiring an additional 157 shares during the period. Blossom Wealth Management boosted its stake in shares of Accenture by 27.4% in the third quarter. Blossom Wealth Management now owns 894 shares of the information technology services provider’s stock worth $316,000 after acquiring an additional 192 shares during the period. Finally, Albert D Mason Inc. bought a new position in shares of Accenture in the third quarter worth about $232,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets increased their price target on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and raised their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. Jefferies Financial Group cut their price target on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Morgan Stanley lifted their target price on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $387.22.

Accenture Stock Up 0.8 %

Shares of ACN stock opened at $390.72 on Thursday. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The stock’s fifty day moving average price is $366.87 and its 200 day moving average price is $355.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $244.51 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.27 EPS. On average, research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 2,497 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the transaction, the chief executive officer now owns 28,866 shares of the company’s stock, valued at $10,232,419.68. The trade was a 7.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the transaction, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is currently owned by insiders.

Accenture 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.