Mattern Capital Management LLC raised its holdings in Accenture PLC (NYSE:ACN – Free Report) by 33.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,042 shares of the information technology services provider’s stock after purchasing an additional 12,084 shares during the quarter. Mattern Capital Management LLC’s holdings in Accenture were worth $9,526,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. Bleakley Financial Group LLC lifted its position in Accenture by 1.8% during the 1st quarter. Bleakley Financial Group LLC now owns 16,887 shares of the information technology services provider’s stock worth $3,348,000 after acquiring an additional 294 shares during the period. Principal Financial Group Inc. raised its stake in shares of Accenture by 1.2% during the first quarter. Principal Financial Group Inc. now owns 773,483 shares of the information technology services provider’s stock worth $153,374,000 after purchasing an additional 9,023 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in shares of Accenture by 26.6% during the first quarter. Schwartz Investment Counsel Inc. now owns 300,080 shares of the information technology services provider’s stock worth $59,503,000 after purchasing an additional 63,130 shares during the period. Chicago Partners Investment Group LLC grew its position in Accenture by 15.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 23,528 shares of the information technology services provider’s stock valued at $4,473,000 after buying an additional 3,173 shares during the last quarter. Finally, Absher Wealth Management LLC increased its stake in Accenture by 65.7% in the 1st quarter. Absher Wealth Management LLC now owns 9,359 shares of the information technology services provider’s stock valued at $1,856,000 after buying an additional 3,712 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.
Insider Activity at Accenture
In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Accenture
Accenture Stock Performance
Accenture stock opened at $138.50 on Tuesday. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The company has a market capitalization of $92.49 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.34 and a beta of 1.13. The stock has a fifty day moving average of $159.47 and a two-hundred day moving average of $202.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34.
Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.10. The business had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, analysts anticipate that Accenture PLC will post 13.85 EPS for the current fiscal year.
Accenture declared that its Board of Directors has authorized a stock buyback plan on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Accenture Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is currently 52.08%.
Accenture Company Profile
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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