Pittenger & Anderson Inc. Has $26.52 Million Stake in Accenture PLC $ACN

Key Points

• Pittenger & Anderson Inc. has reduced its stake in Accenture PLC by 3.0%, now holding 88,736 shares valued at approximately $26.52 million.
• Accenture recently announced a quarterly dividend increase to $1.63 per share, representing a 2.7% yield and up from the previous dividend of $1.48.
• Wall Street analysts are currently rating Accenture as a "Moderate Buy", with a consensus target price of $300.22.

Pittenger & Anderson Inc. decreased its holdings in Accenture PLC (NYSE:ACN - Free Report) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,736 shares of the information technology services provider's stock after selling 2,751 shares during the period. Accenture comprises 1.0% of Pittenger & Anderson Inc.'s portfolio, making the stock its 26th largest holding. Pittenger & Anderson Inc.'s holdings in Accenture were worth $26,522,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ACN. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture during the 1st quarter worth about $31,000. RMG Wealth Management LLC bought a new stake in shares of Accenture in the 2nd quarter valued at approximately $33,000. WPG Advisers LLC bought a new stake in shares of Accenture in the 1st quarter valued at approximately $42,000. Cheviot Value Management LLC bought a new stake in shares of Accenture in the 1st quarter valued at approximately $43,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in shares of Accenture in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Wall Street Analyst Weigh In

ACN has been the subject of several recent research reports. BMO Capital Markets lowered their price target on Accenture from $325.00 to $270.00 and set a "market perform" rating for the company in a research note on Friday, September 26th. Argus set a $370.00 price target on Accenture in a research note on Tuesday, June 24th. UBS Group lowered their price target on Accenture from $363.00 to $315.00 and set a "buy" rating for the company in a research note on Wednesday, September 24th. Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Finally, Hsbc Global Res raised Accenture to a "moderate sell" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $300.22.

Accenture Stock Up 1.6%

Shares of Accenture stock opened at $242.31 on Tuesday. The stock has a market capitalization of $159.55 billion, a P/E ratio of 19.94, a PEG ratio of 2.08 and a beta of 1.28. 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 stock has a 50 day moving average price of $246.85 and a two-hundred day moving average price of $278.44. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) 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 analysts' expectations of $17.34 billion. During the same quarter in the prior year, the business earned $2.66 earnings per share. The company'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. Equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture's dividend payout ratio is presently 53.66%.

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.

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