Evercore Wealth Management LLC Has $134.77 Million Stake in Accenture plc (NYSE:ACN)

Evercore Wealth Management LLC reduced its position in shares of Accenture plc (NYSE:ACN) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,099 shares of the information technology services provider’s stock after selling 7,499 shares during the period. Accenture comprises about 2.0% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Evercore Wealth Management LLC owned 0.06% of Accenture worth $134,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. grew its position in Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture in the 4th quarter valued at $30,000. POM Investment Strategies LLC lifted its position in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Accenture in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ACN shares. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Guggenheim decreased their target price on shares of Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, March 21st. BMO Capital Markets upped their price target on shares of Accenture to $355.00 and gave the stock a “hold” rating in a research report on Wednesday, March 26th. Jefferies Financial Group lowered their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Finally, Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price for the company in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $377.82.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 3,563 shares of the business’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.78, for a total value of $1,003,982.14. Following the transaction, the general counsel now directly owns 17,237 shares of the company’s stock, valued at $4,857,041.86. This trade represents a 17.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,291 shares of company stock valued at $7,880,886 in the last ninety days. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Performance

Shares of NYSE:ACN opened at $284.59 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35. The company’s 50 day moving average price is $321.93 and its two-hundred day moving average price is $348.57. The firm has a market cap of $178.25 billion, a PE ratio of 23.88, a PEG ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.77 EPS. Equities research analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 2.08%. Accenture’s payout ratio is 48.89%.

Accenture Company 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.