Mattern Wealth Management LLC Lowers Holdings in Accenture PLC $ACN

Mattern Wealth Management LLC reduced its stake in Accenture PLC (NYSE:ACN) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,080 shares of the information technology services provider’s stock after selling 250 shares during the period. Mattern Wealth Management LLC’s holdings in Accenture were worth $920,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of Accenture by 3.6% in the 1st quarter. Rothschild Investment LLC now owns 1,710 shares of the information technology services provider’s stock worth $534,000 after purchasing an additional 59 shares in the last quarter. Enterprise Bank & Trust Co raised its stake in shares of Accenture by 0.9% in the first quarter. Enterprise Bank & Trust Co now owns 7,580 shares of the information technology services provider’s stock worth $2,365,000 after purchasing an additional 68 shares during the last quarter. NBC Securities Inc. boosted its position in shares of Accenture by 125,880.0% during the first quarter. NBC Securities Inc. now owns 6,299 shares of the information technology services provider’s stock valued at $1,965,000 after buying an additional 6,294 shares during the last quarter. Finally, Eldred Rock Partners LLC raised its position in Accenture by 10.2% in the 1st quarter. Eldred Rock Partners LLC now owns 33,037 shares of the information technology services provider’s stock worth $10,214,000 after buying an additional 3,057 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 3.4%

Shares of NYSE:ACN opened at $247.07 on Tuesday. The company has a 50-day moving average price of $252.72 and a 200 day moving average price of $285.31. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a market cap of $154.75 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.04 and a beta of 1.30.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities research analysts predict 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 $1.63 dividend. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. Accenture’s dividend payout ratio (DPR) is currently 48.72%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACN. Guggenheim reduced their price target on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets dropped their price target on Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday. Morgan Stanley lowered their target price on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Barclays cut their price target on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.22.

Insider Activity at Accenture

In other Accenture news, insider Angela Beatty sold 203 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’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 owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% 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 in the last quarter. 0.02% of the stock is owned by company insiders.

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.