Envestnet Portfolio Solutions Inc. Has $22.41 Million Stock Holdings in Accenture PLC $ACN

Envestnet Portfolio Solutions Inc. reduced its position in Accenture PLC (NYSE:ACN) by 17.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 90,893 shares of the information technology services provider’s stock after selling 18,592 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Accenture were worth $22,414,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Accenture in the 2nd quarter valued at $2,658,000. C WorldWide Group Holding A S increased its holdings in Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after purchasing an additional 2,151 shares during the last quarter. Truist Financial Corp lifted its stake in Accenture by 7.0% in the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after buying an additional 28,685 shares during the period. Norges Bank bought a new position in Accenture during the second quarter worth about $2,216,850,000. Finally, D.A. Davidson & CO. grew its position in shares of Accenture by 17.4% during the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock worth $63,771,000 after buying an additional 38,325 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACN shares. Berenberg Bank started coverage on shares of Accenture in a research note on Thursday. They set a “buy” rating and a $313.00 price objective on the stock. Rothschild & Co Redburn lifted their price target on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Susquehanna upped their price objective on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $297.81.

Insider Buying and Selling at Accenture

In other news, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $280.00, for a total transaction of $140,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,123 shares in the company, valued at $1,994,440. This represents a 6.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $253.40, for a total value of $2,280,600.00. Following the completion of the sale, the chief executive officer directly owned 14,516 shares in the company, valued at approximately $3,678,354.40. This represents a 38.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,674 shares of company stock worth $5,661,414. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN stock opened at $285.40 on Friday. The stock has a 50-day moving average price of $267.07 and a two-hundred day moving average price of $258.81. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The stock has a market cap of $175.70 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same period in the prior year, the firm earned $3.59 earnings per share. Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Accenture Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.