Whittier Trust Co. Cuts Stake in Accenture PLC $ACN

Whittier Trust Co. lowered its position in Accenture PLC (NYSE:ACN) by 2.6% in the 2nd quarter, Holdings Channel reports. The institutional investor 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 and other institutional investors have also bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture in the first quarter worth approximately $31,000. RMG Wealth Management LLC purchased a new stake in Accenture in the second quarter worth approximately $33,000. WPG Advisers LLC purchased a new stake in Accenture in the first quarter worth approximately $42,000. Cheviot Value Management LLC purchased a new stake in Accenture in the first quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new stake in Accenture in the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets lowered their price objective on Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research report on Friday, September 26th. Robert W. Baird lowered their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. BNP Paribas Exane lowered their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. UBS Group lowered their price objective on Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Finally, Royal Bank Of Canada lowered their price objective on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. One 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.17.

Accenture Price Performance

Shares of Accenture stock opened at $250.70 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a market cap of $165.08 billion, a PE ratio of 20.63, a P/E/G 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 PLC has a 52 week low of $229.40 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating 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%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior 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. As a group, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.63 dividend. 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 yield of 2.6%. Accenture’s payout ratio is currently 53.66%.

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.