Whittier Trust Co. Sells 569 Shares of Accenture PLC $ACN

Whittier Trust Co. trimmed its holdings in shares of Accenture PLC (NYSE:ACN) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,721 shares of the information technology services provider’s stock after selling 569 shares during the period. Whittier Trust Co.’s holdings in Accenture were worth $6,492,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after purchasing an additional 28,685 shares during the period. Redwood Investments LLC raised its stake in Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after acquiring an additional 1,287 shares during the period. Lipe & Dalton raised its stake in Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after acquiring an additional 4,801 shares during the period. PDS Planning Inc raised its stake in Accenture by 34.7% in the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after acquiring an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Accenture by 6.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock valued at $21,187,000 after acquiring an additional 4,281 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Up 3.5%

Shares of NYSE ACN opened at $250.70 on Wednesday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $165.08 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.11 and a beta of 1.28. The business has a 50-day moving average of $247.11 and a 200-day moving average of $278.25.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion during 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. Accenture’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. Sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. Accenture’s payout ratio is presently 53.66%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research reports. The Goldman Sachs Group lowered their price objective on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. TD Cowen lowered their price objective on Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Rothschild & Co Redburn boosted their price objective on Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. Finally, Wolfe Research reduced their target price on Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Accenture has an average rating of “Moderate Buy” and an average price target of $298.17.

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.