Envestnet Portfolio Solutions Inc. Boosts Position in Accenture plc (NYSE:ACN)

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Accenture plc (NYSE:ACNFree Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,042 shares of the information technology services provider’s stock after buying an additional 644 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Accenture were worth $37,913,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Chilton Capital Management LLC grew its position in Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in Accenture during the 4th quarter worth $27,000. Halpern Financial Inc. purchased a new position in Accenture in the 4th quarter valued at about $31,000. Valued Wealth Advisors LLC acquired a new stake in shares of Accenture during the fourth quarter valued at about $50,000. Finally, Valley National Advisers Inc. increased its position in shares of Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Robert W. Baird upped their target price on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Piper Sandler lifted their price target on Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Royal Bank of Canada increased their target price on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Stifel Nicolaus boosted their price target on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Bank of America lifted their price objective on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

View Our Latest Stock Analysis on ACN

Insider Buying and Selling

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The disclosure for this sale can be found here. Insiders have sold a total of 28,083 shares of company stock valued at $8,959,325 over the last three months. 0.07% of the stock is owned by corporate insiders.

Accenture Price Performance

Accenture stock traded up $1.06 during midday trading on Monday, reaching $307.39. The stock had a trading volume of 1,022,763 shares, compared to its average volume of 2,482,548. Accenture plc has a twelve month low of $274.62 and a twelve month high of $387.51. The firm has a market cap of $206.18 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.90 and a beta of 1.21. The firm’s fifty day simple moving average is $336.01 and its two-hundred day simple moving average is $342.29.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.69 earnings per share. As a group, sell-side analysts predict that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.68%. Accenture’s dividend payout ratio is 46.78%.

Accenture Profile

(Free Report)

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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