EverSource Wealth Advisors LLC Has $944,000 Stock Holdings in Accenture PLC $ACN

Key Points

• EverSource Wealth Advisors LLC reduced its holdings in Accenture PLC by 34.5% during the 1st quarter, now owning 3,025 shares valued at approximately $944,000.
• Insider trades reported significant stock sales by CEO Mauro Macchi and CEO Julie Spellman Sweet, indicating a decrease in their ownership by 17.97% and 21.73%, respectively, with total shares sold amounting to $834,280.
• Accenture recently announced a quarterly dividend of $1.48 per share, with an annualized yield of 2.4%, and reported earnings of $3.49 per share for the last quarter, surpassing analysts’ expectations.

EverSource Wealth Advisors LLC decreased its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 34.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,025 shares of the information technology services provider's stock after selling 1,594 shares during the period. EverSource Wealth Advisors LLC's holdings in Accenture were worth $944,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Aberdeen Group plc boosted its position in Accenture by 4.1% during the first quarter. Aberdeen Group plc now owns 900,356 shares of the information technology services provider's stock valued at $277,323,000 after purchasing an additional 35,350 shares during the last quarter. Horizon Investments LLC boosted its position in Accenture by 5.1% during the first quarter. Horizon Investments LLC now owns 15,636 shares of the information technology services provider's stock valued at $4,855,000 after purchasing an additional 763 shares during the last quarter. Azimuth Capital Investment Management LLC boosted its position in Accenture by 1.7% during the first quarter. Azimuth Capital Investment Management LLC now owns 30,529 shares of the information technology services provider's stock valued at $9,526,000 after purchasing an additional 520 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Accenture by 16.3% during the first quarter. Kovitz Investment Group Partners LLC now owns 80,411 shares of the information technology services provider's stock valued at $25,092,000 after purchasing an additional 11,278 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. raised its holdings in Accenture by 17.3% during the first quarter. Cookson Peirce & Co. Inc. now owns 3,006 shares of the information technology services provider's stock valued at $938,000 after buying an additional 444 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares of the company's stock, valued at $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last three months. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Performance

ACN stock traded down $0.7190 during midday trading on Wednesday, hitting $255.1610. The stock had a trading volume of 5,068,191 shares, compared to its average volume of 3,566,387. The firm has a market capitalization of $159.81 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.27 and a beta of 1.29. The stock has a 50-day simple moving average of $281.27 and a 200 day simple moving average of $309.36. Accenture PLC has a 52 week low of $236.67 and a 52 week high of $398.35. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The company had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The business's revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 10th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, July 10th. Accenture's dividend payout ratio (DPR) is presently 47.13%.

Analysts Set New Price Targets

ACN has been the subject of a number of analyst reports. Argus set a $370.00 price target on Accenture in a research report on Tuesday, June 24th. Guggenheim reduced their price target on Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a research report on Monday, June 23rd. Mizuho set a $348.00 price target on Accenture and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Evercore ISI initiated coverage on Accenture in a research report on Thursday, July 17th. They issued an "outperform" rating and a $330.00 price target for the company. Finally, Benchmark reiterated a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $358.08.

About Accenture

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.