Accenture plc (NYSE:ACN) Stock Holdings Increased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in Accenture plc (NYSE:ACN - Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 accounts for approximately 0.8% of Mackenzie Financial Corp's holdings, making the stock its 29th biggest holding. Mackenzie Financial Corp owned approximately 0.29% of Accenture worth $631,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. FPC Investment Advisory Inc. increased its stake in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture in the 4th quarter valued at about $30,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Accenture in the 4th quarter valued at approximately $30,000. POM Investment Strategies LLC boosted its holdings in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after buying an additional 34 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in shares of Accenture in the 4th quarter valued at about $34,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ACN. Guggenheim decreased their target price on shares of Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Piper Sandler decreased their price objective on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group reissued a "buy" rating and set a $395.00 price target (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. BMO Capital Markets upped their price target on shares of Accenture to $355.00 and gave the company a "hold" rating in a report on Wednesday, March 26th. Finally, Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $382.14.

Accenture Trading Up 0.6%

Shares of NYSE:ACN traded up $1.85 during trading on Thursday, reaching $317.84. 1,433,792 shares of the company were exchanged, compared to its average volume of 3,278,311. 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 business's fifty day simple moving average is $302.27 and its 200-day simple moving average is $339.31. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35. The firm has a market capitalization of $199.07 billion, a PE ratio of 26.66, a P/E/G 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 the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the previous year, the firm posted $2.77 earnings per share. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture's dividend payout ratio (DPR) is 48.89%.

Insider Buying and Selling at Accenture

In related news, COO John F. Walsh sold 2,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the sale, the chief operating officer now directly owns 15,882 shares of the company's stock, valued at $5,161,650. This represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 169 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the sale, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,516 shares of company stock valued at $2,507,366. Insiders own 0.02% of the company's stock.

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.