Robeco Institutional Asset Management B.V. Has $67.16 Million Stake in Accenture PLC $ACN

Robeco Institutional Asset Management B.V. reduced its holdings in Accenture PLC (NYSE:ACNFree Report) by 61.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 272,356 shares of the information technology services provider’s stock after selling 439,700 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Accenture were worth $67,163,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ACN. Investors Research Corp increased its position in shares of Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Davis Capital Management bought a new position in Accenture in the third quarter valued at approximately $28,000. RMG Wealth Management LLC acquired a new position in shares of Accenture during the 2nd quarter worth approximately $33,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

NYSE ACN opened at $275.31 on Wednesday. The stock has a market cap of $169.48 billion, a PE ratio of 22.75, a P/E/G ratio of 2.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50-day moving average of $258.52 and a 200-day moving average of $259.72. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.4%. Accenture’s payout ratio is 53.88%.

Insider Transactions at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 1,332 shares of Accenture stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the sale, the general counsel directly owned 28,207 shares of the company’s stock, valued at $7,756,925. This represents a 4.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 34,651 shares of company stock valued at $8,701,525. Company insiders own 0.02% of the company’s stock.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

Analysts Set New Price Targets

Several research firms recently weighed in on ACN. Wells Fargo & Company began coverage on shares of Accenture in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 target price for the company. HSBC lifted their price objective on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Cowen restated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. JPMorgan Chase & Co. cut their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Finally, Royal Bank Of Canada set a $300.00 price target on Accenture in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.84.

Read Our Latest Stock Analysis on ACN

Accenture Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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