TD Private Client Wealth LLC Has $5.60 Million Holdings in Accenture plc (NYSE:ACN)

TD Private Client Wealth LLC lifted its position in Accenture plc (NYSE:ACN) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,903 shares of the information technology services provider’s stock after purchasing an additional 294 shares during the period. TD Private Client Wealth LLC’s holdings in Accenture were worth $5,595,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ACN. Swedbank AB raised its position in shares of Accenture by 16.6% in the 3rd quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock valued at $901,967,000 after acquiring an additional 363,401 shares during the period. Meeder Asset Management Inc. raised its position in shares of Accenture by 24.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 378 shares of the information technology services provider’s stock valued at $134,000 after acquiring an additional 75 shares during the period. Prospera Private Wealth LLC raised its position in shares of Accenture by 3.0% in the 3rd quarter. Prospera Private Wealth LLC now owns 1,673 shares of the information technology services provider’s stock valued at $591,000 after acquiring an additional 48 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Accenture by 1.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,552 shares of the information technology services provider’s stock valued at $1,609,000 after acquiring an additional 59 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in Accenture by 0.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 43,265 shares of the information technology services provider’s stock worth $15,294,000 after buying an additional 239 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 375 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the sale, the chief accounting officer now owns 9,247 shares in the company, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,280 shares of company stock worth $8,316,190. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday. Mizuho dropped their target price on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley dropped their target price on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $384.45.

Accenture Trading Down 7.3 %

ACN stock opened at $300.86 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a fifty day moving average price of $360.05 and a two-hundred day moving average price of $357.39. Accenture plc has a one year low of $278.69 and a one year high of $398.35. The stock has a market cap of $188.28 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter last year, the firm earned $2.77 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.97%. Accenture’s dividend payout ratio is presently 49.66%.

About Accenture

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.