Robeco Institutional Asset Management B.V. Has $204.95 Million Stock Holdings in Accenture PLC (NYSE:ACN)

Robeco Institutional Asset Management B.V. raised its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 38.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 656,812 shares of the information technology services provider's stock after buying an additional 183,404 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of Accenture worth $204,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ACN. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the fourth quarter worth $30,000. Mpwm Advisory Solutions LLC acquired a new position in Accenture in the 4th quarter valued at about $30,000. Park Square Financial Group LLC acquired a new position in Accenture in the 4th quarter valued at about $31,000. Promus Capital LLC acquired a new position in Accenture in the 4th quarter valued at about $34,000. Finally, Capital A Wealth Management LLC acquired a new position in Accenture in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Activity

In other news, insider Angela Beatty sold 169 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John F. Walsh sold 2,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the sale, the chief operating officer now owns 15,882 shares of the company's stock, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,516 shares of company stock valued at $2,507,366. Insiders own 0.02% of the company's stock.

Accenture Price Performance

NYSE:ACN traded down $0.82 on Friday, hitting $295.26. The company had a trading volume of 4,159,093 shares, compared to its average volume of 2,942,878. The stock has a market capitalization of $184.93 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.90 and a beta of 1.33. The company has a current ratio of 1.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $307.78 and a two-hundred day moving average of $332.11. Accenture PLC has a 52 week low of $273.19 and a 52 week high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.13 earnings per share. On average, research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, July 10th. Accenture's payout ratio is currently 47.13%.

Analysts Set New Price Targets

A number of brokerages recently commented on ACN. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target on the stock in a research note on Monday, March 17th. Morgan Stanley decreased their target price on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Royal Bank Of Canada decreased their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, BMO Capital Markets decreased their target price on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $370.71.

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.