Robeco Institutional Asset Management B.V. Acquires 130,664 Shares of Accenture Plc (ACN)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Accenture Plc (NYSE:ACN) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,099,055 shares of the information technology services provider’s stock after purchasing an additional 130,664 shares during the quarter. Accenture makes up about 0.7% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 19th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Accenture worth $187,058,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Provident Trust Co. boosted its position in shares of Accenture by 2.8% during the 3rd quarter. Provident Trust Co. now owns 1,226,459 shares of the information technology services provider’s stock valued at $208,743,000 after acquiring an additional 33,446 shares during the last quarter. Meritage Portfolio Management acquired a new position in shares of Accenture during the 3rd quarter valued at about $5,232,000. Keating Investment Counselors Inc. acquired a new position in shares of Accenture during the 3rd quarter valued at about $205,000. Oregon Public Employees Retirement Fund boosted its position in shares of Accenture by 0.7% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 239,192 shares of the information technology services provider’s stock valued at $40,710,000 after acquiring an additional 1,719 shares during the last quarter. Finally, TCW Group Inc. boosted its position in shares of Accenture by 9.9% during the 3rd quarter. TCW Group Inc. now owns 218,560 shares of the information technology services provider’s stock valued at $37,199,000 after acquiring an additional 19,693 shares during the last quarter. 70.27% of the stock is currently owned by institutional investors.

Shares of NYSE:ACN opened at $165.15 on Friday. The stock has a market cap of $108.85 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. Accenture Plc has a 1 year low of $142.70 and a 1 year high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.02. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. As a group, sell-side analysts anticipate that Accenture Plc will post 7.21 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 18th will be paid a dividend of $1.46 per share. This represents a dividend yield of 1.68%. This is a positive change from Accenture’s previous semiannual dividend of $1.21. The ex-dividend date of this dividend is Wednesday, October 17th. Accenture’s dividend payout ratio is presently 43.32%.

Several brokerages recently issued reports on ACN. Wolfe Research began coverage on shares of Accenture in a report on Tuesday, July 17th. They issued an “underperform” rating on the stock. SunTrust Banks boosted their price objective on shares of Accenture to $178.00 and gave the company a “hold” rating in a report on Monday, October 1st. Bank of America boosted their price objective on shares of Accenture from $174.00 to $175.00 and gave the company a “neutral” rating in a report on Monday, September 24th. Robert W. Baird boosted their price objective on shares of Accenture from $174.00 to $176.00 and gave the company a “neutral” rating in a report on Friday, September 28th. Finally, BMO Capital Markets boosted their price objective on shares of Accenture to $180.00 and gave the company a “market perform” rating in a report on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. Accenture has an average rating of “Buy” and an average price target of $176.37.

In related news, insider Ellyn Shook sold 2,344 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $160.00, for a total value of $375,040.00. Following the completion of the transaction, the insider now directly owns 31,951 shares of the company’s stock, valued at $5,112,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $160.86, for a total value of $321,720.00. Following the completion of the transaction, the insider now directly owns 117,807 shares of the company’s stock, valued at $18,950,434.02. The disclosure for this sale can be found here. Insiders sold 78,717 shares of company stock valued at $13,036,590 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

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About Accenture

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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