Heirloom Wealth Management Sells 380 Shares of Accenture plc (NYSE:ACN)

Heirloom Wealth Management decreased its position in shares of Accenture plc (NYSE:ACN) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,877 shares of the information technology services provider’s stock after selling 380 shares during the quarter. Accenture comprises approximately 0.4% of Heirloom Wealth Management’s investment portfolio, making the stock its 25th largest position. Heirloom Wealth Management’s holdings in Accenture were worth $1,010,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ACN. Chilton Capital Management LLC increased its stake in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Accenture in the 1st quarter valued at $28,000. BluePath Capital Management LLC bought a new stake in shares of Accenture in the 3rd quarter valued at $31,000. Halpern Financial Inc. bought a new stake in shares of Accenture in the 4th quarter valued at $31,000. Finally, RVW Wealth LLC bought a new stake in Accenture during the 3rd quarter valued at $33,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 0.3 %

Shares of NYSE:ACN traded up $0.88 during midday trading on Friday, reaching $316.88. The company had a trading volume of 3,381,158 shares, compared to its average volume of 2,390,528. The stock has a market cap of $212.54 billion, a P/E ratio of 28.73, a P/E/G ratio of 2.98 and a beta of 1.19. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The company’s 50 day moving average price is $355.21 and its 200 day moving average price is $341.83.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the prior year, the company posted $2.69 EPS. Accenture’s revenue was down .1% compared to the same quarter last year. Research analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a $1.29 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.63%. Accenture’s dividend payout ratio is 46.78%.

Analysts Set New Price Targets

ACN has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a research note on Wednesday, January 17th. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Friday. Bank of America boosted their price target on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Mizuho reaffirmed a “buy” rating and set a $398.00 price objective (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Insider Activity at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.81, for a total value of $1,859,050.00. Following the completion of the transaction, the insider now directly owns 20,316 shares of the company’s stock, valued at approximately $7,553,691.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the completion of the sale, the insider now directly owns 20,316 shares of the company’s stock, valued at approximately $7,553,691.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 4,333 shares of Accenture stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.83, for a total transaction of $1,611,139.39. Following the sale, the general counsel now directly owns 34,795 shares of the company’s stock, valued at $12,937,824.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,500 shares of company stock worth $12,276,123. Corporate insiders own 0.07% of the company’s stock.

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.