Evercore Wealth Management LLC Has $49.58 Million Holdings in Accenture PLC (ACN)

Evercore Wealth Management LLC trimmed its position in Accenture PLC (NYSE:ACN) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,091 shares of the information technology services provider’s stock after selling 7,676 shares during the period. Accenture accounts for 1.9% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Evercore Wealth Management LLC owned about 0.06% of Accenture worth $49,583,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACN. Flagship Harbor Advisors LLC raised its position in Accenture by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after purchasing an additional 12 shares during the period. AlphaMark Advisors LLC raised its position in Accenture by 0.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 20 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Accenture by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 24 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in Accenture by 0.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock worth $664,000 after purchasing an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Accenture by 5.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 52 shares during the period. 72.51% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on ACN. Cantor Fitzgerald reiterated a “buy” rating and issued a $135.00 target price on shares of Accenture in a research report on Thursday, September 28th. KeyCorp restated a “buy” rating and issued a $149.00 price objective on shares of Accenture in a research report on Thursday, September 28th. BMO Capital Markets boosted their price objective on shares of Accenture from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, September 29th. Wells Fargo & Company boosted their price objective on shares of Accenture from $147.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $144.16.

In related news, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Rowland sold 3,702 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.04, for a total transaction of $499,918.08. Following the sale, the chief financial officer now directly owns 9,864 shares in the company, valued at approximately $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock worth $11,479,125 in the last three months. 0.21% of the stock is currently owned by insiders.

Accenture PLC (NYSE ACN) opened at $146.57 on Monday. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $148.60. The stock has a market cap of $96,730.05, a PE ratio of 24.80, a P/E/G ratio of 2.17 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the previous year, the company earned $1.31 earnings per share. Accenture’s quarterly revenue was up 7.8% on a year-over-year basis. analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were paid a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s payout ratio is currently 48.90%.

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Accenture Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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