Envestnet Portfolio Solutions Inc. Boosts Position in Accenture PLC $ACN

Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Accenture PLC (NYSE:ACN) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,485 shares of the information technology services provider’s stock after purchasing an additional 4,680 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Accenture were worth $32,724,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ACN. Redwood Investments LLC lifted its position in Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after buying an additional 1,287 shares during the period. Truist Financial Corp increased 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 valued at $130,376,000 after acquiring an additional 28,685 shares during the last quarter. Lipe & Dalton lifted its holdings in shares of Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after acquiring an additional 4,801 shares during the period. PDS Planning Inc grew its holdings in Accenture by 34.7% in the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after purchasing an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after purchasing an additional 4,281 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Performance

Accenture stock opened at $241.11 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $247.45 and a 200-day moving average of $281.18. The stock has a market cap of $151.01 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS 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 during the quarter, compared to the consensus estimate of $17.34 billion. During the same period last year, the firm earned $2.66 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 53.66%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. BMO Capital Markets cut their price objective on Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a report on Friday, September 26th. Royal Bank Of Canada decreased their target price on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. Finally, Evercore ISI set a $280.00 price objective on shares of Accenture in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $300.22.

Accenture Company 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.