TD Waterhouse Canada Inc. Has $11.90 Million Stake in Accenture PLC $ACN

TD Waterhouse Canada Inc. reduced its position in shares of Accenture PLC (NYSE:ACN) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,341 shares of the information technology services provider’s stock after selling 3,269 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Accenture were worth $11,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ACN. Traub Capital Management LLC bought a new stake in shares of Accenture in the 2nd quarter valued at approximately $45,000. Wealthspire Advisors LLC lifted its stake in Accenture by 25.2% in the second quarter. Wealthspire Advisors LLC now owns 100,473 shares of the information technology services provider’s stock valued at $30,030,000 after acquiring an additional 20,198 shares during the last quarter. Portside Wealth Group LLC grew its position in Accenture by 13.2% in the second quarter. Portside Wealth Group LLC now owns 17,375 shares of the information technology services provider’s stock worth $5,193,000 after acquiring an additional 2,032 shares in the last quarter. Empowered Funds LLC raised its position in shares of Accenture by 37.9% in the second quarter. Empowered Funds LLC now owns 65,399 shares of the information technology services provider’s stock valued at $19,547,000 after purchasing an additional 17,970 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Accenture by 2.1% in the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after buying an additional 1,315,548 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,319 shares of company stock worth $8,335,225 over the last 90 days. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $241.22 on Thursday. The company has a market capitalization of $158.83 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The business has a 50 day simple moving average of $244.09 and a 200 day simple moving average of $271.77. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the prior year, the company posted $2.66 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were given a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, October 10th. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Wall Street Analyst Weigh In

ACN has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research report on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Accenture in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 price objective on the stock. Citigroup raised shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. Finally, Guggenheim lowered their price target on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $294.25.

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.