Patten Group Inc. Has $540,000 Position in Accenture PLC $ACN

Key Points

• Patten Group Inc. reduced its stake in Accenture PLC by 41.1%, holding $540,000 worth of shares after selling 1,262 shares in the 2nd quarter.
• Accenture recently declared a quarterly dividend of $1.63 per share, increasing from the previous $1.48, representing an annualized yield of 2.6%.
• Equities analysts have shown mixed sentiments with ratings ranging from Strong Buy to Sell, and the stock has an average price target of $297.48.

Patten Group Inc. reduced its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 41.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,807 shares of the information technology services provider's stock after selling 1,262 shares during the quarter. Patten Group Inc.'s holdings in Accenture were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock worth $19,912,594,000 after buying an additional 3,419,577 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock worth $2,793,889,000 after buying an additional 3,490,569 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Accenture by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock worth $2,111,378,000 after buying an additional 228,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Accenture by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider's stock worth $1,923,225,000 after buying an additional 126,548 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Accenture by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock valued at $1,600,470,000 after purchasing an additional 164,573 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cowen reiterated a "buy" rating on shares of Accenture in a research report on Friday, September 26th. Evercore ISI set a $280.00 price objective on Accenture in a research report on Thursday, September 25th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Accenture in a research report on Wednesday, October 8th. BMO Capital Markets decreased their price objective on Accenture from $325.00 to $270.00 and set a "market perform" rating for the company in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $297.48.

Accenture Trading Down 0.5%

NYSE:ACN opened at $249.14 on Thursday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $247.18 and a two-hundred day moving average price of $278.05. The company has a market cap of $164.05 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the prior year, the firm posted $2.66 EPS. The business's revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.63 per share. This is an increase from Accenture's previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. Accenture's payout ratio is currently 53.66%.

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.

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