AlTi Global Inc. Decreases Holdings in Accenture PLC $ACN

AlTi Global Inc. trimmed its stake in shares of Accenture PLC (NYSE:ACN) by 48.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,396 shares of the information technology services provider’s stock after selling 3,237 shares during the quarter. AlTi Global Inc.’s holdings in Accenture were worth $1,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture in the first quarter valued at about $31,000. RMG Wealth Management LLC acquired a new stake in shares of Accenture in the second quarter valued at about $33,000. WPG Advisers LLC acquired a new stake in shares of Accenture in the first quarter valued at about $42,000. Cheviot Value Management LLC acquired a new stake in shares of Accenture in the first quarter valued at about $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new stake in shares of Accenture in the first quarter valued at about $45,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 0.8%

Shares of ACN stock opened at $247.93 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $163.25 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a 50-day moving average of $247.27 and a two-hundred day moving average of $277.58. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

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

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is 53.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Susquehanna reduced their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. Rothschild & Co Redburn raised their price objective on shares of Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Stifel Nicolaus cut their price objective 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. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a research report on Friday. Finally, Guggenheim cut their price objective on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $297.48.

Insiders Place Their Bets

In other Accenture news, insider Manish Sharma sold 6,902 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 1,860 shares of the company’s stock, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,402 shares of company stock valued at $4,595,374 over the last 90 days. 0.02% of the stock is owned by company insiders.

Accenture 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.