| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 28 | 32.2x | 17.8x | Bottom tier | |
Growth | 84 | 24.2% | 7.1% | Top tier | |
Quality | 100 | — | — | Top tier | |
Safety | 22 | — | — | Bottom tier | |
Capital Return | 69 | 0.24% | 2.12% | Top tier | |
Momentum | 98 | 78.9% | 2.9% | Top tier | |
Sentiment | 21 | 2 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Acadian Asset Management is a systematic investment asset management firm that generates revenue primarily from fees for managing client funds, along with performance fees. The majority of assets are concentrated in five principal applications: Global Equity, Emerging Markets Equity, non-U.S. Equity, Small-Cap Equity, and Enhanced Equity, while the intermediary wealth channel represents approximately 20% to 25% of assets. In the second quarter of fiscal 2026, management fees under economic income measures were $177 million out of total economic income revenue of $183 million, illustrating the dominance of recurring revenue in the mix.
In the second quarter of fiscal 2026, the financial statements reported revenue of $185.1 million, net income of $27.3 million, and earnings per share of $0.76, compared with revenue of $167.0 million, net income of $24.3 million, and earnings per share of $0.68 in the first quarter of fiscal 2026. On an economic income basis, revenue rose 47% year over year to $183 million, while economic net income jumped 107% to $47.5 million and diluted earnings per share increased 108% to $1.33. The operating margin under these measures expanded to 40.3% from 30.7% in the second quarter of fiscal 2025, despite a 19% increase in operating expenses.
Assets under management reached a record $232.7 billion on June 30, 2026, up 54% from the second quarter of fiscal 2025, following positive net flows of $4.3 billion and a 9% annualized organic growth rate. Demand was particularly strong for Enhanced and Extension strategies, while Enhanced grew to represent slightly more than 30% of the asset mix. In addition, 77% of assets outperformed their benchmarks during the year ended June 30, 2026, and 96% of revenue-weighted strategies outperformed over the three-, five-, and ten-year periods.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $81.67, within a narrow range of $80 to $84, accompanied by a Neutral consensus. The average target is approximately 17% below the 52-week range high of $98.52, while the full range extends from $41.47 to $98.52; this caution balances accelerating assets and fees and margin expansion on one hand against revenue sensitivity to markets and pressure on the fee rate on the other.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Average assets under management rose 66% year over year to $220 billion, driven by market appreciation and continued positive net flows. As a result, management fees increased 44% to $177 million, and economic income revenue rose 47% to $183 million. The operating margin also expanded to 40.3% from 30.7% in the second quarter of fiscal 2025, while diluted earnings per share under economic income measures jumped 108% to $1.33.
The company generated positive net flows of $4.3 billion in the second quarter of fiscal 2026, equivalent to annualized organic growth of 9%. This was the tenth consecutive quarter of positive flows, with notable demand for Enhanced and Extension. On the July 30, 2026 call, management said the opportunity pipeline remained healthy and active after several large wins were funded, with institutional interest coming from around the world rather than being confined to one region.
As of June 30, 2026, 96% of revenue-weighted strategies and 94% of asset-weighted strategies outperformed their benchmarks over the three-, five-, and ten-year periods. The five-year annualized revenue-weighted excess return was 4.3%, compared with 3.6% on an asset-weighted basis. In addition, 77% of assets outperformed during the year ended June 30, 2026, performance that supports client retention, flows, and management fees.
Acadian launched the Global Tax-Aware and U.S. Tax-Aware funds in the second quarter of fiscal 2026, and they reached $100 million in assets, the vast majority of which came from external funds. The intermediary wealth channel already represents approximately 20% to 25% of the company's assets, providing a distribution base for these products. Discussions regarding systematic fixed-income products, including U.S. High Yield, U.S. Investment Grade, and Global High Yield, were also advancing to more advanced stages according to the July 30, 2026 call, with management expecting asset gathering to accelerate after the three-year track records are completed during 2027.
The company returned $1.5 billion to shareholders through share repurchases and distributions between the fourth quarter of fiscal 2019 and the second quarter of fiscal 2026. During this period, the diluted share count declined 58% from 86 million to 35.7 million shares, and the company repurchased 0.2 million shares for $10.6 million in the second quarter of fiscal 2026. The board declared an interim distribution of $0.10 per share, payable on September 25, 2026, to shareholders of record on September 11, 2026.
Management fees are linked to asset levels, and the second quarter of fiscal 2026 benefited from market appreciation and the strongest quarterly emerging-market gains since 2009. At the same time, the blended fee rate declined from the high thirties to the low thirties as lower-fee Enhanced strategies expanded, while operating expenses rose 19%. Insiders also recorded five sales with no purchases and negative net activity of $149.0 million during the three months ended with the latest transaction on August 4, 2026, though this should be treated as a weak signal because these sales may have been prearranged.
