ABN AMRO Bank N.V. Increases Stake in Accenture PLC $ACN

ABN AMRO Bank N.V. increased its position in shares of Accenture PLC (NYSE:ACN) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 623,719 shares of the information technology services provider’s stock after buying an additional 3,349 shares during the period. Accenture comprises about 1.5% of ABN AMRO Bank N.V.’s portfolio, making the stock its 25th biggest position. ABN AMRO Bank N.V. owned 0.09% of Accenture worth $153,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Running Oak Capital LLC boosted its stake in shares of Accenture by 14.3% during the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after acquiring an additional 7,190 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Accenture during the second quarter worth $2,658,000. C WorldWide Group Holding A S grew its holdings in Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after purchasing an additional 2,151 shares during the last quarter. Norges Bank purchased a new position in shares of Accenture in the second quarter valued at $2,216,850,000. Finally, D.A. Davidson & CO. raised its stake in shares of Accenture by 17.4% during the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock worth $63,771,000 after buying an additional 38,325 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $241.52 on Thursday. The company has a market cap of $148.68 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.32 and a beta of 1.24. The business has a fifty day simple moving average of $270.68 and a 200-day simple moving average of $257.20. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same period last year, the company earned $3.59 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture’s payout ratio is currently 53.88%.

Analysts Set New Price Targets

ACN has been the subject of several recent research reports. Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Evercore ISI restated an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Berenberg Bank started coverage on Accenture in a report on Thursday, January 22nd. They set a “buy” rating and a $313.00 target price on the stock. Rothschild & Co Redburn boosted their price target on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Finally, Susquehanna increased their price objective on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $298.38.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 1,694 shares of Accenture stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.30, for a total value of $488,380.20. Following the transaction, the chief executive officer directly owned 37,346 shares of the company’s stock, valued at $10,766,851.80. The trade was a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Melissa A. Burgum sold 3,588 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the sale, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,017 shares of company stock worth $4,505,916. Corporate insiders own 0.02% of the company’s stock.

About Accenture

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.