Accenture PLC (NYSE:ACN) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,026 shares of the information technology services provider's stock after selling 1,466 shares during the period. Blue Trust Inc.'s holdings in Accenture were worth $6,873,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. boosted its holdings in shares of Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after buying an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Accenture in the 4th quarter valued at about $30,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Accenture during the 4th quarter worth about $30,000. Park Square Financial Group LLC bought a new stake in shares of Accenture during the 4th quarter worth about $31,000. Finally, Promus Capital LLC bought a new stake in shares of Accenture during the 4th quarter worth about $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACN has been the topic of several recent research reports. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective on the stock in a research note on Monday, March 17th. 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 research report on Friday, March 21st. 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 research report on Wednesday, February 26th. Morgan Stanley lowered their price objective on shares of Accenture from $372.00 to $340.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 12th. Finally, BMO Capital Markets boosted their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a research report on Wednesday, March 26th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $380.00.

Accenture Price Performance

NYSE:ACN opened at $306.11 on Thursday. The stock has a market cap of $191.72 billion, a P/E ratio of 25.28, a PEG ratio of 3.15 and a beta of 1.33. Accenture PLC has a one year low of $275.01 and a one year high of $398.35. The company has a fifty day moving average price of $306.52 and a 200 day moving average price of $334.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.43% and a return on equity of 26.49%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.77 EPS. Analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the transaction, the chief executive officer now directly owns 9,965 shares in the company, valued at approximately $2,806,442.95. This represents a 18.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 169 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,516 shares of company stock valued at $2,507,366 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

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.

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