Mattern Capital Management LLC Increases Stock Position in Accenture PLC $ACN

Mattern Capital Management LLC boosted its position in shares of Accenture PLC (NYSE:ACN) by 21.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,084 shares of the information technology services provider’s stock after purchasing an additional 6,254 shares during the period. Mattern Capital Management LLC’s holdings in Accenture were worth $8,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ACN. Investors Research Corp increased its position in shares of Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new position in shares of Accenture during the 3rd quarter valued at approximately $32,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Accenture during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Stifel Nicolaus dropped their target price on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. BNP Paribas Exane reduced their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Morgan Stanley decreased their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Finally, Cowen restated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $296.83.

Accenture Price Performance

Shares of NYSE:ACN opened at $268.44 on Friday. The company has a market cap of $165.25 billion, a PE ratio of 22.19, a P/E/G ratio of 2.59 and a beta of 1.25. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a 50-day simple moving average of $257.59 and a 200 day simple moving average of $261.15. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of the firm’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 directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. This trade represents a 40.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,319 shares of company stock valued at $8,335,225 over the last three months. Company insiders own 0.02% of the company’s stock.

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.