Pittenger & Anderson Inc. Sells 50,080 Shares of Accenture PLC $ACN

by · The Cerbat Gem

Pittenger & Anderson Inc. trimmed its stake in Accenture PLC (NYSE:ACNFree Report) by 56.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,656 shares of the information technology services provider’s stock after selling 50,080 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Accenture were worth $9,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Accenture in the second quarter valued at approximately $2,658,000. C WorldWide Group Holding A S boosted its holdings in Accenture by 35.9% in the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after purchasing an additional 2,151 shares during the period. Norges Bank purchased a new stake in shares of Accenture in the second quarter worth $2,216,850,000. D.A. Davidson & CO. boosted its stake in Accenture by 17.4% during the third quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after buying an additional 38,325 shares during the period. Finally, Prudential PLC increased its stake in Accenture by 20.4% in the 2nd quarter. Prudential PLC now owns 56,130 shares of the information technology services provider’s stock worth $16,777,000 after acquiring an additional 9,510 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ACN shares. Wells Fargo & Company upped their price objective on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Rothschild & Co Redburn lifted their price objective on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. HSBC upped their price objective on Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a report on Monday. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $298.38.

Check Out Our Latest Research Report on ACN

Accenture Stock Performance

Shares of NYSE:ACN opened at $261.01 on Friday. The company has a 50-day moving average price of $270.28 and a 200-day moving average price of $258.11. The company has a market cap of $160.68 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 1.41 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.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Insider Activity at Accenture

In related news, CEO John F. Walsh sold 3,986 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the transaction, the chief executive officer directly owned 27,221 shares in the company, valued at $7,523,339.98. This trade represents a 12.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Melissa A. Burgum sold 3,588 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at $2,298,380.79. This represents a 30.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,934 shares of company stock valued at $5,965,166 over the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Company Profile

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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