Pittenger & Anderson Inc. Has $9.53 Million Holdings in Accenture PLC $ACN

Pittenger & Anderson Inc. reduced its position in Accenture PLC (NYSE:ACN) by 56.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ACN. Brighton Jones LLC increased its stake in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC grew its position in Accenture by 46.9% in the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after acquiring an additional 660 shares during the last quarter. PFG Investments LLC raised its stake in Accenture by 14.3% during the second quarter. PFG Investments LLC now owns 3,040 shares of the information technology services provider’s stock worth $909,000 after acquiring an additional 381 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of Accenture by 75.6% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 548 shares of the information technology services provider’s stock valued at $164,000 after purchasing an additional 236 shares in the last quarter. Finally, Precision Wealth Strategies LLC bought a new stake in shares of Accenture during the 2nd quarter valued at approximately $564,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the completion of the sale, the general counsel directly owned 28,207 shares of the company’s stock, valued at $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the sale, the chief executive officer owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This trade represents a 40.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 21,934 shares of company stock worth $5,965,166 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price target on shares of Accenture in a research note on Thursday, December 18th. Jefferies Financial Group upped their price target on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. HSBC boosted their price objective on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $298.38.

Accenture Stock Performance

Shares of ACN stock opened at $261.01 on Friday. 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. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The firm has a 50 day moving average of $270.28 and a 200-day moving average of $258.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued 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. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the company posted $3.59 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued 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 is currently 53.88%.

About Accenture

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.