Accenture PLC $ACN Shares Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Accenture stake by 33.8% in the second quarter, buying 7,591 additional shares for a total holding of 30,041 shares valued at approximately $3.74 million.
• Accenture’s board authorized a $2 billion share-repurchase program, allowing the company to buy back up to 2.4% of outstanding shares; institutional investors collectively own 75.14% of the stock.
• Analyst sentiment remains mixed: Accenture has a consensus “Hold” rating and an average price target of $200.04, while the stock was trading near $175.83. A company insider also sold 10,498 shares under a pre-arranged trading plan.

Envestnet Portfolio Solutions Inc. raised its holdings in Accenture PLC (NYSE:ACN - Free Report) by 33.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,041 shares of the information technology services provider's stock after buying an additional 7,591 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Accenture were worth $3,738,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ACN. IMG Wealth Management Inc. grew its position in shares of Accenture by 134.8% in the 1st quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider's stock valued at $31,000 after buying an additional 89 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of Accenture in the 4th quarter valued at about $45,000. Strategic Investment Solutions Inc. IL purchased a new position in Accenture during the 4th quarter worth approximately $54,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Accenture during the fourth quarter worth approximately $56,000. Finally, Whipplewood Advisors LLC lifted its stake in Accenture by 57.9% in the first quarter. Whipplewood Advisors LLC now owns 210 shares of the information technology services provider's stock valued at $42,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Accenture stock opened at $175.83 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $117.42 billion, a P/E ratio of 14.04, a PEG ratio of 1.46 and a beta of 1.10. The stock has a fifty day moving average price of $176.21 and a 200 day moving average price of $174.04. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09.

Accenture declared that its board has authorized a stock repurchase plan on Tuesday, June 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 10,498 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the transaction, the general counsel owned 17,735 shares of the company's stock, valued at $2,890,450.30. This trade represents a 37.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oppenheimer set a $201.00 target price on shares of Accenture in a report on Monday, June 8th. Guggenheim lowered Accenture from a "buy" rating to a "neutral" rating in a report on Friday, September 18th. Argus dropped their price target on Accenture from $335.00 to $220.00 and set a "buy" rating on the stock in a research report on Monday, June 22nd. Wolfe Research lifted their target price on Accenture from $165.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. Finally, Truist Financial dropped their target price on Accenture from $210.00 to $150.00 and set a "hold" rating on the stock in a report on Monday, June 22nd. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Accenture presently has a consensus rating of "Hold" and a consensus price target of $200.04.

More Accenture News

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: JPMorgan raised its price target to $200 from $179 and upgraded its outlook to “overweight,” implying roughly 14% upside from the referenced price. The call adds support to the recent recovery. JPMorgan Accenture price-target report
• Positive Sentiment: Accenture’s shares have rallied strongly over the past three months as investors anticipate rising demand for AI services, new AI-led offerings and continued cash generation to fund shareholder returns. ACN Stock Rises 37.6% in Three Months
• Positive Sentiment: Accenture was selected by Anthropic as an on-site evaluator for frontier AI development. The engagement could strengthen Accenture’s position in AI safety, governance and enterprise implementation services. Anthropic appoints Accenture as on-site evaluator
• Positive Sentiment: Accenture’s expansion across AI and cloud—including Accenture Construct, AWS offerings and Google Cloud-related automotive work—supports the longer-term growth narrative. Expectations for upcoming earnings also point to potential year-over-year improvement. Accenture AI safety and cloud expansion
• Neutral Sentiment: Jefferies lifted its price target to $190 from $130 but maintained a “hold” rating, suggesting analysts see improved value while remaining cautious about near-term upside. Jefferies Accenture price-target report
• Negative Sentiment: Accenture remains about 53% below its pre-tariff-shock high and recently declined over the past month. The stock’s recovery therefore remains vulnerable to another market or macroeconomic shock. How Much Downside Is Left in Accenture Stock?
• Negative Sentiment: BMO Capital retained its “hold” rating, while recent market underperformance and questions about whether the shares are fully valued may limit enthusiasm despite the AI growth story.

About Accenture

Accenture plc is a global professional services company that helps organizations improve business performance through consulting, technology, and managed services. Its offerings include strategy and consulting, technology implementation, operations support, and business process services.

The company provides digital transformation services involving cloud computing, artificial intelligence, data and analytics, cybersecurity, systems integration, and enterprise software. Through its Song and Industry X businesses, Accenture also supports customer experience, marketing, product engineering, and smart manufacturing initiatives.

Accenture serves clients across a broad range of industries, including financial services, health care, public service, communications, media and technology, consumer goods, retail, resources, and industrial markets.

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