Accenture plc (NYSE:ACN) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. decreased its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,369 shares of the information technology services provider's stock after selling 895 shares during the quarter. Accenture makes up 3.2% of Lee Danner & Bass Inc.'s investment portfolio, making the stock its 6th biggest holding. Lee Danner & Bass Inc.'s holdings in Accenture were worth $39,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in ACN. Truepoint Inc. lifted its position in shares of Accenture by 30.6% during the 4th quarter. Truepoint Inc. now owns 4,424 shares of the information technology services provider's stock worth $1,556,000 after purchasing an additional 1,036 shares during the last quarter. Kiker Wealth Management LLC acquired a new stake in Accenture in the fourth quarter valued at $797,000. Ballast Advisors LLC lifted its holdings in Accenture by 6.0% during the 4th quarter. Ballast Advisors LLC now owns 5,183 shares of the information technology services provider's stock worth $1,823,000 after buying an additional 293 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in shares of Accenture by 2.9% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 269,782 shares of the information technology services provider's stock worth $94,907,000 after acquiring an additional 7,506 shares in the last quarter. Finally, Viawealth LLC increased its holdings in shares of Accenture by 14.9% in the 4th quarter. Viawealth LLC now owns 1,274 shares of the information technology services provider's stock valued at $448,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Remove Ads

Accenture Stock Performance

Shares of ACN stock traded up $1.79 during trading hours on Tuesday, reaching $308.97. 3,889,341 shares of the company's stock were exchanged, compared to its average volume of 2,771,908. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The company has a market cap of $193.35 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company's 50 day moving average is $358.32 and its two-hundred day moving average is $357.10.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter last year, the company earned $2.77 earnings per share. Accenture's quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.92%. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 2,497 shares of the business's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.48, for a total value of $885,136.56. Following the sale, the chief executive officer now directly owns 28,866 shares in the company, valued at $10,232,419.68. The trade was a 7.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Beatty sold 961 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.47, for a total transaction of $340,645.67. Following the transaction, the insider now owns 5,484 shares of the company's stock, valued at $1,943,913.48. This trade represents a 14.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,905 shares of company stock valued at $8,181,753 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ACN has been the topic of several recent analyst reports. Piper Sandler dropped their price target on shares of Accenture from $396.00 to $364.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. UBS Group dropped their target price on shares of Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a research report on Friday. Barclays reduced their price target on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus decreased their target price on Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and an average target price of $378.91.

Accenture 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.