Evermay Wealth Management LLC Sells 43 Shares of Accenture plc (NYSE:ACN)

Evermay Wealth Management LLC lowered its holdings in Accenture plc (NYSE:ACN) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,891 shares of the information technology services provider’s stock after selling 43 shares during the period. Evermay Wealth Management LLC’s holdings in Accenture were worth $1,014,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ACN. McKinley Carter Wealth Services Inc. raised its holdings in Accenture by 7.4% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock valued at $10,248,000 after acquiring an additional 2,008 shares in the last quarter. Buckingham Capital Management Inc. lifted its position in Accenture by 3.4% during the fourth quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock worth $9,671,000 after purchasing an additional 900 shares during the period. Ameriprise Financial Inc. grew its stake in Accenture by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after buying an additional 96,414 shares in the last quarter. Redwood Investments LLC raised its position in shares of Accenture by 8.3% in the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock valued at $7,098,000 after buying an additional 1,542 shares in the last quarter. Finally, Chicago Capital LLC lifted its holdings in shares of Accenture by 284.7% during the 4th quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock worth $4,449,000 after acquiring an additional 9,382 shares during the period. 75.14% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on Friday, April 12th. The shares were sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,083 shares of company stock worth $8,959,325. Company insiders own 0.07% of the company’s stock.

Accenture Trading Down 1.6 %

ACN stock traded down $4.94 during midday trading on Friday, hitting $300.99. The stock had a trading volume of 2,048,661 shares, compared to its average volume of 2,867,473. The business has a fifty day moving average price of $321.32 and a two-hundred day moving average price of $342.77. Accenture plc has a 1-year low of $285.18 and a 1-year high of $387.51. The firm has a market cap of $201.89 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21.

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

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s payout ratio is 46.78%.

Analysts Set New Price Targets

ACN has been the subject of several research analyst reports. BMO Capital Markets lowered their price objective on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research report on Friday, March 22nd. Susquehanna reaffirmed a “neutral” rating and issued a $360.00 price objective (down from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Morgan Stanley boosted their target price on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Accenture from a “buy” rating to a “hold” rating and dropped their price objective for the company from $409.00 to $295.00 in a research note on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $380.24.

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.