Accenture plc (NYSE:ACN) Shares Sold by Evermay Wealth Management LLC

Evermay Wealth Management LLC lessened its stake in shares of Accenture plc (NYSE:ACN) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,161 shares of the information technology services provider’s stock after selling 148 shares during the quarter. Evermay Wealth Management LLC’s holdings in Accenture were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in shares of Accenture in the third quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. purchased a new stake in Accenture in the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture during the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of Accenture by 607.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new position in Accenture in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryoji Sekido sold 3,191 shares of Accenture stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the transaction, the chief executive officer now owns 6 shares in the company, valued at approximately $2,062.20. The trade was a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the transaction, the general counsel now directly owns 20,526 shares of the company’s stock, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,446 shares of company stock valued at $5,852,848 over the last three months. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

ACN has been the subject of several recent analyst reports. Robert W. Baird restated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. Piper Sandler upped their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and lifted their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. BMO Capital Markets upped their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $387.22.

Accenture Trading Up 1.1 %

Shares of ACN stock opened at $384.88 on Friday. The firm has a market capitalization of $240.86 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 3.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a fifty day moving average of $359.56 and a two-hundred day moving average of $349.88. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The firm had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.27 earnings per share. As a group, research analysts expect that Accenture plc will post 12.69 EPS for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.54%. Accenture’s dividend payout ratio is 49.66%.

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.