Lee Danner & Bass Inc. Has $26.37 Million Holdings in Accenture PLC $ACN

Lee Danner & Bass Inc. lowered its holdings in shares of Accenture PLC (NYSE:ACN) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 106,919 shares of the information technology services provider’s stock after selling 2,655 shares during the quarter. Accenture makes up approximately 1.9% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 9th largest position. Lee Danner & Bass Inc.’s holdings in Accenture were worth $26,366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Firethorn Wealth Partners LLC increased its holdings in Accenture by 4.4% during the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after buying an additional 36 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Accenture by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after acquiring an additional 38 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Accenture by 3.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after purchasing an additional 41 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in Accenture by 5.2% in the 2nd quarter. Silver Oak Securities Incorporated now owns 857 shares of the information technology services provider’s stock worth $256,000 after purchasing an additional 42 shares during the period. Finally, Omnia Family Wealth LLC lifted its position in Accenture by 5.2% during the second quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock valued at $253,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $286.33 on Tuesday. The firm has a market cap of $176.27 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 2.76 and a beta of 1.25. The firm has a fifty day moving average price of $265.02 and a 200 day moving average price of $258.69. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Insiders Place Their Bets

In other news, insider Manish Sharma sold 2,731 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the sale, the insider directly owned 7,057 shares of the company’s stock, valued at $2,033,333.41. This represents a 27.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 1,694 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total transaction of $488,380.20. Following the completion of the transaction, the chief executive officer directly owned 37,346 shares of the company’s stock, valued at approximately $10,766,851.80. This trade represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 40,076 shares of company stock worth $10,256,788. Insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ACN. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research note on Thursday, December 18th. TD Cowen raised their target price on shares of Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Susquehanna lifted their price target on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, UBS Group reissued a “buy” rating on shares of Accenture in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $297.20.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.