Toronto Dominion Bank Raises Holdings in Accenture PLC (ACN)
Toronto Dominion Bank grew its position in Accenture PLC (NYSE:ACN) by 25.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,091 shares of the information technology services provider’s stock after purchasing an additional 42,063 shares during the period. Toronto Dominion Bank’s holdings in Accenture PLC were worth $25,979,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of ACN. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Accenture PLC during the 2nd quarter valued at about $533,000. TCI Wealth Advisors Inc. increased its holdings in shares of Accenture PLC by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the last quarter. Bellwether Investment Group LLC increased its holdings in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after acquiring an additional 359 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Accenture PLC during the 1st quarter valued at about $122,000. 77.82% of the stock is currently owned by institutional investors.
ACN has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Thursday, September 14th. Royal Bank Of Canada increased their price objective on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, September 29th. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp reissued a “buy” rating and set a $149.00 price objective on shares of Accenture PLC in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $141.84.
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In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the sale, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the sale, the insider now owns 5,533 shares of the company’s stock, valued at $791,274.33. The disclosure for this sale can be found here. Insiders have sold 70,145 shares of company stock valued at $9,504,864 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.
Accenture PLC (NYSE ACN) opened at 142.36 on Wednesday. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $143.78. The company’s 50 day moving average price is $137.81 and its 200 day moving average price is $128.65. The company has a market cap of $87.91 billion, a P/E ratio of 26.16 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Accenture PLC will post $6.56 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is presently 48.90%.
Accenture PLC Profile
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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