AlTi Global Inc. Sells 3,237 Shares of Accenture PLC $ACN

Key Points

• AlTi Global Inc. has reduced its position in Accenture PLC by 48.8%, selling 3,237 shares to hold a total of 3,396 shares, valued at approximately $1,014,000.
• Accenture recently declared a quarterly dividend of $1.63 per share, an increase from its previous dividend of $1.48, representing an annualized yield of 2.6%.
• The company's stock is currently down 0.8%, with a market capitalization of $163.25 billion and analysts forecasting an average price target of $297.48.

AlTi Global Inc. lessened its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 48.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Viawealth LLC raised its stake 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 acquiring an additional 33 shares in the last quarter. Aprio Wealth Management LLC increased its stake in 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 valued at $512,000 after purchasing an additional 33 shares in the last quarter. First National Advisers LLC increased its stake in 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 valued at $2,939,000 after purchasing an additional 34 shares in the last quarter. TCTC Holdings LLC increased its stake in Accenture by 14.5% during the 1st quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider's stock valued at $84,000 after purchasing an additional 34 shares in the last quarter. Finally, Texas Bank & Trust Co increased its stake in 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 valued at $2,553,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 75.14% of the company's stock.

Accenture Stock Down 0.8%

ACN stock opened at $247.93 on Friday. The firm's fifty day simple moving average is $247.27 and its 200-day simple moving average is $277.58. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a market capitalization of $163.25 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $17.34 billion. During the same period in the prior year, the firm posted $2.66 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis 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 currently 53.66%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Accenture to a "moderate sell" rating in a research note on Monday, July 28th. TD Cowen cut their price target on shares of Accenture from $313.00 to $295.00 and set a "buy" rating on the stock in a research note on Friday, September 26th. Guggenheim cut their price target on shares of Accenture from $305.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, September 26th. BNP Paribas Exane cut their price target on shares of Accenture from $300.00 to $255.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 24th. Finally, HSBC dropped their price objective on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $297.48.

Insider Buying and Selling

In related news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares of the company's stock, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,402 shares of company stock valued at $4,595,374. Corporate insiders own 0.02% of the company's stock.

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.

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