Lantz Financial LLC Sells 69 Shares of Accenture PLC $ACN

Lantz Financial LLC lessened its stake in shares of Accenture PLC (NYSE:ACN) by 4.5% in the 2nd quarter, Holdings Channel reports. The firm owned 1,469 shares of the information technology services provider’s stock after selling 69 shares during the period. Lantz Financial LLC’s holdings in Accenture were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ACN. Park Square Financial Group LLC purchased a new stake in shares of Accenture in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Accenture in the 4th quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture in the 1st quarter valued at approximately $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture in the first quarter valued at $32,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Accenture during the fourth quarter worth $47,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other news, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on Accenture from $355.00 to $325.00 and set a “market perform” rating on the stock in a report on Monday, June 23rd. Argus set a $370.00 target price on Accenture in a research note on Tuesday, June 24th. TD Cowen lowered their target price on Accenture from $342.00 to $313.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Accenture from $290.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Finally, HSBC began coverage on Accenture in a research note on Monday, July 28th. They set a “reduce” rating and a $240.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.39.

Accenture Trading Up 0.5%

NYSE:ACN opened at $240.65 on Friday. Accenture PLC has a 52 week low of $234.18 and a 52 week high of $398.35. The firm has a market cap of $150.73 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.07 and a beta of 1.29. The firm’s fifty day moving average is $257.73 and its 200-day moving average is $289.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The firm had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. During the same period in the previous year, the business posted $3.13 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

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.