Hazlett Burt & Watson Inc. Sells 56 Shares of Accenture PLC $ACN

Hazlett Burt & Watson Inc. reduced its position in shares of Accenture PLC (NYSE:ACN) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 468 shares of the information technology services provider’s stock after selling 56 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Accenture were worth $140,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture in the first quarter worth $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture in the first quarter worth $32,000. RMG Wealth Management LLC acquired a new stake in shares of Accenture in the second quarter worth $33,000. WPG Advisers LLC acquired a new stake in shares of Accenture in the first quarter worth $42,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Accenture in the first quarter worth $43,000. 75.14% of the stock is owned by institutional investors.

Accenture Stock Up 1.1%

Shares of NYSE ACN opened at $243.50 on Tuesday. The stock has a market cap of $152.51 billion, a PE ratio of 20.04, a PEG ratio of 2.10 and a beta of 1.28. The business has a fifty day moving average of $247.15 and a two-hundred day moving average of $280.75. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.63 dividend. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is presently 53.66%.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Argus set a $370.00 price target on shares of Accenture in a research note on Tuesday, June 24th. Stifel Nicolaus decreased their price target on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Rothschild Redb downgraded shares of Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets decreased their price target on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.22.

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.