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

Hazlett Burt & Watson Inc. trimmed its holdings in Accenture PLC (NYSE:ACN) by 10.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 468 shares of the information technology services provider’s stock after selling 56 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Accenture were worth $140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Viawealth LLC grew its position in shares of Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after buying an additional 33 shares during the period. Aprio Wealth Management LLC grew its position in shares of Accenture by 2.1% during the 1st quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after buying an additional 33 shares during the period. First National Advisers LLC grew its position in shares of Accenture by 0.4% during the 1st quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock worth $2,939,000 after buying an additional 34 shares during the period. TCTC Holdings LLC grew its position in shares of Accenture by 14.5% during the 1st quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock worth $84,000 after buying an additional 34 shares during the period. Finally, Texas Bank & Trust Co grew its position in shares of Accenture by 0.4% during the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock worth $2,553,000 after buying an additional 35 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of ACN opened at $243.50 on Tuesday. 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 PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm’s 50 day moving average price is $247.15 and its two-hundred day moving average price is $280.75. The firm has a market cap of $152.51 billion, a P/E ratio of 20.04, a PEG ratio of 2.10 and a beta of 1.28.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the previous year, the firm posted $2.66 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wolfe Research lowered their price target on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. UBS Group lowered their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Benchmark restated a “mixed” rating on shares of Accenture in a report on Friday, June 20th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $300.22.

Accenture Company Profile

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.