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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chilton Capital Management LLC raised its position 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 worth $25,000 after purchasing an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Accenture in the fourth quarter worth about $27,000. Halpern Financial Inc. purchased a new stake in shares of Accenture during the fourth quarter valued at approximately $31,000. Laffer Tengler Investments Inc. increased its position in shares of Accenture by 142.9% during the fourth quarter. Laffer Tengler Investments Inc. now owns 102 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 60 shares in the last quarter. Finally, Private Wealth Management Group LLC bought a new position in Accenture in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares in the company, valued at $5,937,488.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,083 shares of company stock valued at $8,959,325. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BMO Capital Markets reduced their target price on Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Accenture from a “buy” rating to a “hold” rating and dropped their price target for the company from $409.00 to $295.00 in a report on Wednesday, May 15th. TD Cowen reduced their price target on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Piper Sandler boosted their target price on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $380.24.

Accenture Trading Down 1.6 %

NYSE ACN traded down $4.94 on Friday, reaching $300.99. 2,048,661 shares of the stock were exchanged, compared to its average volume of 2,867,473. The firm has a market capitalization of $201.89 billion, a PE ratio of 27.29, a PEG ratio of 3.27 and a beta of 1.21. Accenture plc has a one year low of $285.18 and a one year high of $387.51. The company’s 50-day simple moving average is $321.32 and its two-hundred day simple moving average is $342.77.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share 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 quarter in the previous year, the company earned $2.69 EPS. Accenture’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

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.