Atticus Wealth Management LLC Sells 154 Shares of Accenture PLC $ACN

Atticus Wealth Management LLC lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 23.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 506 shares of the information technology services provider’s stock after selling 154 shares during the quarter. Atticus Wealth Management LLC’s holdings in Accenture were worth $151,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ACN. Vanguard Group Inc. increased its position in Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock worth $19,912,594,000 after buying an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Accenture by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after acquiring an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Accenture by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock worth $1,923,225,000 after purchasing an additional 126,548 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Accenture by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock worth $1,600,470,000 after purchasing an additional 164,573 shares during the period. 75.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Accenture from $290.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, September 11th. Susquehanna dropped their price objective on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Accenture from $334.00 to $302.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Barclays lowered their price target on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. Finally, Benchmark restated a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $335.13.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. The trade was a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 in the last three months. Insiders own 0.02% of the company’s stock.

Accenture Stock Down 0.7%

NYSE:ACN opened at $239.59 on Friday. The stock’s fifty day moving average price is $258.54 and its two-hundred day moving average price is $290.52. The company has a market cap of $150.06 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 2.08 and a beta of 1.29. Accenture PLC has a 52-week low of $235.83 and a 52-week high of $398.35. 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 released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same period in the prior year, the company posted $3.13 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Accenture PLC will post 12.73 EPS 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.