Envestnet Portfolio Solutions Inc. Sells 18,592 Shares of Accenture PLC $ACN

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Accenture PLC (NYSE:ACN) by 17.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Firethorn Wealth Partners LLC grew its holdings in Accenture by 4.4% during the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after purchasing an additional 36 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Accenture by 0.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after buying an additional 38 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Accenture by 3.5% in the second quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock valued at $363,000 after buying an additional 41 shares during the last quarter. Omnia Family Wealth LLC boosted its stake in shares of Accenture by 5.2% during the 2nd quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 42 shares during the period. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the sale, the general counsel directly owned 28,207 shares in the company, valued at $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mauro Macchi sold 500 shares of the firm’s 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 approximately $1,994,440. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,674 shares of company stock worth $5,661,414 in the last ninety days. 0.02% of the stock is owned by company insiders.

Accenture Stock Performance

Shares of NYSE:ACN opened at $285.40 on Friday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company’s 50 day moving average price is $267.07 and its two-hundred day moving average price is $258.81. The firm has a market cap of $175.70 billion, a PE ratio of 23.59, a PEG ratio of 2.70 and a beta of 1.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

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

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Analysts Set New Price Targets

A number of research firms have commented on ACN. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Berenberg Bank assumed coverage on shares of Accenture in a research note on Thursday. They set a “buy” rating and a $313.00 target price for the company. Argus decreased their price target on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. UBS Group downgraded shares of Accenture from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $297.81.

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.