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

LGT Fund Management Co Ltd. reduced its position in Accenture PLC (NYSE:ACN) by 23.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,945 shares of the information technology services provider’s stock after selling 2,724 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Accenture were worth $2,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pflug Koory LLC raised its holdings in shares of Accenture by 34.3% in the second quarter. Pflug Koory LLC now owns 669 shares of the information technology services provider’s stock valued at $200,000 after acquiring an additional 171 shares in the last quarter. NTV Asset Management LLC raised its holdings in shares of Accenture by 4.3% in the second quarter. NTV Asset Management LLC now owns 1,756 shares of the information technology services provider’s stock valued at $525,000 after acquiring an additional 72 shares in the last quarter. ZWJ Investment Counsel Inc. raised its holdings in shares of Accenture by 18.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 104,148 shares of the information technology services provider’s stock valued at $31,129,000 after acquiring an additional 16,220 shares in the last quarter. Single Point Partners LLC raised its holdings in shares of Accenture by 1.8% in the second quarter. Single Point Partners LLC now owns 4,522 shares of the information technology services provider’s stock valued at $1,352,000 after acquiring an additional 79 shares in the last quarter. Finally, Segment Wealth Management LLC raised its holdings in shares of Accenture by 1.2% in the second quarter. Segment Wealth Management LLC now owns 44,844 shares of the information technology services provider’s stock valued at $13,403,000 after acquiring an additional 529 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Price Performance

Shares of ACN stock opened at $245.39 on Friday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization of $153.69 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The stock’s 50-day simple moving average is $249.57 and its 200-day simple moving average is $283.65.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the previous year, the firm earned $2.66 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. Accenture’s payout ratio is presently 48.72%.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,954 shares of company stock worth $834,280. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACN. UBS Group decreased their price objective on Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Wall Street Zen upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Friday. Cowen reiterated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Stifel Nicolaus cut their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.22.

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.