Tritonpoint Wealth LLC Has $1.30 Million Stock Position in Accenture PLC $ACN

Key Points

• Tritonpoint Wealth LLC has reduced its stake in Accenture PLC by 26.1%, bringing its total shares to 4,335, valued at approximately $1.30 million.
• Accenture recently announced a dividend increase to $1.63 per share, with a dividend yield of 2.7%, scheduled to be paid on November 14th.
• The company reported earnings of $3.03 per share for the last quarter, surpassing analyst expectations, with revenues of $17.60 billion, a 7.3% increase year-over-year.

Tritonpoint Wealth LLC decreased its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 26.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,335 shares of the information technology services provider's stock after selling 1,535 shares during the quarter. Tritonpoint Wealth LLC's holdings in Accenture were worth $1,296,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Redwood Investments LLC increased its position in shares of Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock worth $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Lipe & Dalton increased its position in shares of Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock worth $1,570,000 after purchasing an additional 4,801 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Accenture by 40.5% during the 1st quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider's stock worth $30,777,000 after acquiring an additional 28,446 shares during the last quarter. Park National Corp OH increased its holdings in shares of Accenture by 4.3% during the 2nd quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider's stock worth $38,756,000 after acquiring an additional 5,388 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in shares of Accenture by 1.5% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 234,066 shares of the information technology services provider's stock worth $69,960,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Stock Performance

ACN opened at $239.43 on Monday. The business has a fifty day simple moving average of $253.43 and a 200 day simple moving average of $285.81. The company has a market capitalization of $149.96 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its 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. The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Research analysts expect 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. Stockholders of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio is currently 48.72%.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Mizuho set a $348.00 target price on Accenture and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Morgan Stanley decreased their target price on Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 9th. Royal Bank Of Canada decreased their target price on Accenture from $372.00 to $285.00 and set an "outperform" rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on Accenture from $260.00 to $235.00 and set a "hold" rating on the stock in a report on Friday. Finally, BMO Capital Markets decreased their target price on Accenture from $325.00 to $270.00 and set a "market perform" rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and a consensus target price of $301.91.

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.

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