Envestnet Portfolio Solutions Inc. Grows Stock Holdings in Accenture PLC $ACN

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Accenture PLC by 4.5% during the 2nd quarter, owning 109,485 shares valued at approximately $32.7 million.
• Accenture recently reported a quarterly EPS of $3.03, surpassing estimates, with revenue of $17.60 billion, marking a 7.3% year-over-year increase.
• The company has announced a dividend increase to $1.63 per share, with an annualized yield of 2.7%, set to be paid on November 14th.

Envestnet Portfolio Solutions Inc. lifted its position in Accenture PLC (NYSE:ACN - Free Report) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,485 shares of the information technology services provider's stock after buying an additional 4,680 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Accenture were worth $32,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Redwood Investments LLC lifted its position in shares of 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 purchasing an additional 1,287 shares in the last quarter. Truist Financial Corp lifted its holdings in Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider's stock worth $130,376,000 after buying an additional 28,685 shares in the last quarter. Lipe & Dalton grew its stake in shares of Accenture by 2,087.4% in the first 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 in the last quarter. PDS Planning Inc increased its position in shares of Accenture by 34.7% during the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider's stock worth $1,212,000 after acquiring an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Accenture by 6.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider's stock valued at $21,187,000 after acquiring an additional 4,281 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 4.3%

Shares of NYSE:ACN 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 firm has a 50 day simple moving average of $247.45 and a 200-day simple moving average of $281.18. The company has a market capitalization of $151.01 billion, a PE ratio of 19.84, a P/E/G ratio of 2.10 and a beta of 1.28. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the business earned $2.66 EPS. Accenture'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, equities analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.63 dividend. This is an increase from Accenture's previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture's dividend payout ratio (DPR) is presently 53.66%.

Wall Street Analysts Forecast Growth

ACN has been the topic of several recent research reports. BNP Paribas Exane cut their price target on Accenture from $300.00 to $255.00 and set a "neutral" rating on the stock in a report on Wednesday, September 24th. Argus set a $370.00 target price on shares of Accenture in a research note on Tuesday, June 24th. Morgan Stanley decreased their price target on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 9th. TD Cowen dropped their price objective on shares of Accenture from $313.00 to $295.00 and set a "buy" rating on the stock in a research report on Friday, September 26th. Finally, Evercore ISI set a $280.00 price objective on shares of Accenture in a research report on Thursday, September 25th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.

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