Evergreen Capital Management LLC Increases Holdings in Accenture plc (NYSE:ACN)

Evergreen Capital Management LLC raised its position in shares of Accenture plc (NYSE:ACN) by 4.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,517 shares of the information technology services provider’s stock after purchasing an additional 263 shares during the quarter. Evergreen Capital Management LLC’s holdings in Accenture were worth $1,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ACN. Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Accenture by 49.8% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 7,250 shares of the information technology services provider’s stock valued at $2,200,000 after acquiring an additional 2,410 shares during the last quarter. DRW Securities LLC bought a new stake in shares of Accenture in the second quarter worth $2,334,000. Edge Capital Group LLC increased its position in Accenture by 6.8% during the second quarter. Edge Capital Group LLC now owns 14,856 shares of the information technology services provider’s stock valued at $4,507,000 after acquiring an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Accenture by 15.1% in the second quarter. EverSource Wealth Advisors LLC now owns 4,493 shares of the information technology services provider’s stock valued at $1,485,000 after acquiring an additional 589 shares during the period. Finally, Epoch Investment Partners Inc. grew its stake in shares of Accenture by 3.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 297,771 shares of the information technology services provider’s stock valued at $90,347,000 after purchasing an additional 9,458 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Activity

In other news, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the transaction, the general counsel now owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Joel Unruch sold 8,145 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the transaction, the general counsel now directly owns 22,849 shares in the company, valued at approximately $7,564,161.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the completion of the sale, the insider now directly owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The disclosure for this sale can be found here. Insiders sold 21,421 shares of company stock valued at $6,912,635 in the last ninety days. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. BMO Capital Markets reduced their price target on Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, June 21st. Susquehanna cut their price objective on Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Mizuho raised their target price on shares of Accenture from $352.00 to $365.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Finally, Stifel Nicolaus lowered their target price on shares of Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $356.14.

Accenture Trading Up 0.1 %

Shares of NYSE ACN opened at $339.64 on Wednesday. The stock has a market capitalization of $212.85 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 3.82 and a beta of 1.24. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51. The firm’s 50-day moving average price is $332.73 and its 200-day moving average price is $321.04.

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.