Shayne & Jacobs LLC Decreases Stock Holdings in Accenture plc (NYSE:ACN)

Shayne & Jacobs LLC trimmed its stake in Accenture plc (NYSE:ACN) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,353 shares of the information technology services provider’s stock after selling 280 shares during the period. Shayne & Jacobs LLC’s holdings in Accenture were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. boosted its stake in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Accenture during the 3rd quarter valued at about $30,000. POM Investment Strategies LLC raised its holdings in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in Accenture in the fourth quarter valued at approximately $34,000. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 2,497 shares of Accenture stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.48, for a total value of $885,136.56. Following the sale, the chief executive officer now directly owns 28,866 shares in the company, valued at $10,232,419.68. The trade was a 7.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

Shares of NYSE:ACN opened at $363.22 on Wednesday. The company has a market cap of $227.30 billion, a PE ratio of 30.47, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm has a 50-day simple moving average of $367.73 and a 200 day simple moving average of $357.32. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a research report on Wednesday, October 30th. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. Jefferies Financial Group decreased their target price on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. Finally, StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $387.22.

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.