5 Best Debt Free Dividend Stocks to Buy

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1. Accenture Plc (NYSE:ACN)

Number of Hedge Fund Holders: 63

Dividend Yield as of April 19: 1.60%

Based in Dublin, Ireland, Accenture Plc (NYSE:ACN) is a global professional services company with leadership positions in providing digital, cloud and security. Accenture Plc (NYSE:ACN) employs more than 700,000 people and serves clients across more than 40 industries in more than 120 countries.

On March 24, RBC Capital raised the price target on Accenture Plc (NYSE:ACN) shares to $340 from $335 but maintained an ‘Outperform’ rating for its shares. The target price raise followed a stronger than expected performance in Q2 for the company as well as the rebounding of bookings growth.

As of Q4 2022, 63 out of the 943 hedge funds tracked by Insider Monkey were long Accenture Plc (NYSE:ACN) shares, for a total value of $2.9 billion. Nikolai Tangen’s Ako Capital is the largest shareholder with ownership of 1.9 million shares valued at $512 million.

You may also like to read 15 Best Stocks to Buy and Hold for 3 Years and 12 Most Popular Retail Investor Stocks in 2023

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