LGT Fund Management Co Ltd. Sells 2,724 Shares of Accenture PLC $ACN

LGT Fund Management Co Ltd. decreased its position in shares of Accenture PLC (NYSE:ACN) by 23.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,945 shares of the information technology services provider’s stock after selling 2,724 shares during the period. LGT Fund Management Co Ltd.’s holdings in Accenture were worth $2,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACN. Brighton Jones LLC raised its stake in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the period. RFG Advisory LLC raised its stake in Accenture by 4.7% during the 1st quarter. RFG Advisory LLC now owns 3,187 shares of the information technology services provider’s stock worth $995,000 after acquiring an additional 143 shares during the period. Vest Financial LLC raised its stake in Accenture by 30.1% during the 1st quarter. Vest Financial LLC now owns 119,916 shares of the information technology services provider’s stock worth $37,419,000 after acquiring an additional 27,769 shares during the period. Signal Advisors Wealth LLC raised its stake in Accenture by 15.5% during the 1st quarter. Signal Advisors Wealth LLC now owns 3,863 shares of the information technology services provider’s stock worth $1,206,000 after acquiring an additional 518 shares during the period. Finally, Atwater Malick LLC grew its holdings in Accenture by 2.5% during the 1st quarter. Atwater Malick LLC now owns 39,021 shares of the information technology services provider’s stock valued at $12,176,000 after buying an additional 942 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ACN shares. Barclays cut their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. Wolfe Research cut their target price on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. HSBC cut their target price on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Mizuho cut their target price on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday. Finally, Robert W. Baird cut their target price on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $300.22.

Accenture Stock Up 0.4%

Shares of ACN opened at $245.39 on Friday. The company has a market cap of $153.69 billion, a PE ratio of 20.20, a P/E/G ratio of 2.13 and a beta of 1.28. The business has a fifty day moving average of $249.57 and a 200 day moving average of $283.65. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. 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 (NYSE:ACN) last issued 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. The company 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%.Accenture’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $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, sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.63 dividend. This is a boost 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%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is 48.72%.

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.