Hamilton Point Investment Advisors LLC Sells 1,580 Shares of Accenture PLC $ACN

Key Points

• Hamilton Point Investment Advisors LLC has reduced its stake in Accenture PLC by 5.9%, selling 1,580 shares and bringing its total holdings to 24,994 shares, valued at approximately $7.47 million.
• Accenture recently reported earnings of $3.03 per share for the last quarter, exceeding analysts' expectations of $2.98, while also raising its quarterly dividend from $1.48 to $1.63 per share.
• Analysts have adjusted their price targets for Accenture, with Barclays setting a new target of $360, down from $390, while the stock currently holds a consensus target price of $300.22.

Hamilton Point Investment Advisors LLC trimmed its holdings in Accenture PLC (NYSE:ACN - Free Report) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,994 shares of the information technology services provider's stock after selling 1,580 shares during the quarter. Accenture accounts for 1.2% of Hamilton Point Investment Advisors LLC's portfolio, making the stock its 25th largest holding. Hamilton Point Investment Advisors LLC's holdings in Accenture were worth $7,470,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture in the first quarter valued at $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture in the first quarter valued at $32,000. RMG Wealth Management LLC acquired a new position in shares of Accenture in the second quarter valued at $33,000. WPG Advisers LLC acquired a new position in shares of Accenture in the first quarter valued at $42,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Accenture in the first quarter valued at $43,000. 75.14% of the stock is owned by institutional investors.

Accenture Price Performance

Accenture stock opened at $243.50 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The stock has a market cap of $152.51 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.10 and a beta of 1.28. The business's 50-day simple moving average is $247.15 and its 200 day simple moving average is $280.75.

Accenture (NYSE:ACN - Get Free Report) last issued its 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 return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion for the quarter, compared to analysts' expectations of $17.34 billion. During the same quarter last year, the business earned $2.66 earnings per share. The company's 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, research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture's dividend payout ratio (DPR) is presently 53.66%.

Analysts Set New Price Targets

ACN has been the subject of several recent analyst reports. Barclays dropped their price objective on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Stifel Nicolaus dropped their price objective on Accenture from $355.00 to $315.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. The Goldman Sachs Group dropped their price objective on Accenture from $370.00 to $330.00 and set a "buy" rating for the company in a research note on Friday, September 26th. UBS Group decreased their target price on Accenture from $363.00 to $315.00 and set a "buy" rating on the stock in a report on Wednesday, September 24th. Finally, Rothschild Redb cut Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $300.22.

About Accenture

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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