TD Waterhouse Canada Inc. Buys 995 Shares of Accenture plc (NYSE:ACN)

TD Waterhouse Canada Inc. raised its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,999 shares of the information technology services provider's stock after purchasing an additional 995 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Accenture were worth $21,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Newbridge Financial Services Group Inc. boosted its stake in Accenture by 5.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock worth $182,000 after purchasing an additional 28 shares during the period. FPC Investment Advisory Inc. grew its position in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after purchasing an additional 28 shares in the last quarter. New England Professional Planning Group Inc. increased its holdings in shares of Accenture by 4.6% in the fourth quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock worth $230,000 after purchasing an additional 29 shares during the period. Nemes Rush Group LLC raised its position in shares of Accenture by 7.5% in the fourth quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock worth $147,000 after buying an additional 29 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. grew its position in Accenture by 4.3% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 725 shares of the information technology services provider's stock worth $255,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Trading Up 0.8 %

Shares of ACN stock traded up $2.22 during trading hours on Friday, reaching $293.63. The company's stock had a trading volume of 2,919,128 shares, compared to its average volume of 3,004,928. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a one year low of $275.01 and a one year high of $398.35. The stock has a market capitalization of $183.91 billion, a P/E ratio of 24.63, a P/E/G ratio of 3.23 and a beta of 1.32. The firm's fifty day simple moving average is $318.01 and its 200 day simple moving average is $347.71.

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

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.02%. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research analyst reports. Barclays dropped their price target on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. StockNews.com cut shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Stifel Nicolaus dropped their price objective on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Piper Sandler dropped their price target on Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Eight equities 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, Accenture currently has a consensus rating of "Moderate Buy" and a consensus price target of $377.82.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the sale, the chief executive officer now directly owns 9,965 shares in the company, valued at approximately $2,806,442.95. The trade was a 18.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 169 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the sale, the insider now owns 5,364 shares of the company's stock, valued at approximately $1,512,111.60. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,041 shares of company stock valued at $5,254,956. 0.02% of the stock is owned by insiders.

Accenture 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.