Mackenzie Financial Corp Has $631.58 Million Stake in Accenture plc (NYSE:ACN)

Mackenzie Financial Corp boosted its stake in Accenture plc (NYSE:ACN - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,795,344 shares of the information technology services provider's stock after purchasing an additional 3,221 shares during the quarter. Accenture comprises 0.8% of Mackenzie Financial Corp's portfolio, making the stock its 29th largest position. Mackenzie Financial Corp owned about 0.29% of Accenture worth $631,584,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Accenture by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider's stock worth $21,246,236,000 after purchasing an additional 392,183 shares during the period. Geode Capital Management LLC raised its stake in Accenture by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider's stock worth $4,750,021,000 after acquiring an additional 136,665 shares during the period. Capital Research Global Investors raised its stake in Accenture by 16.8% during the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after acquiring an additional 1,770,024 shares during the period. Wellington Management Group LLP raised its stake in Accenture by 22.8% during the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock worth $4,283,225,000 after acquiring an additional 2,260,740 shares during the period. Finally, Capital International Investors raised its stake in Accenture by 2.2% during the fourth quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider's stock worth $2,994,922,000 after acquiring an additional 181,449 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective on the stock in a research note on Monday, March 17th. Royal Bank of Canada dropped their price objective on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Wall Street Zen cut shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Barclays decreased their target price on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Morgan Stanley decreased their target price on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a research report on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $382.14.

Insider Activity

In related news, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the transaction, the general counsel now owns 17,237 shares in the company, valued at $4,857,041.86. This trade represents a 17.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the transaction, the chief operating officer now owns 15,882 shares in the company, valued at $5,161,650. This trade represents a 13.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is owned by corporate insiders.

Accenture Trading Up 1.8%

Accenture stock traded up $5.42 during midday trading on Tuesday, reaching $315.00. The stock had a trading volume of 3,247,110 shares, compared to its average volume of 3,000,298. The firm's fifty day simple moving average is $301.76 and its two-hundred day simple moving average is $339.65. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. 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 firm has a market cap of $197.29 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.23 and a beta of 1.35.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter last year, the business posted $2.77 EPS. 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 fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were given a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.88%. Accenture's payout ratio is 48.89%.

Accenture Company 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.