Accenture (NYSE:ACN) Price Target Raised to $270.00

Accenture (NYSE:ACN) had its target price raised by equities research analysts at Jefferies Financial Group from $250.00 to $270.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 0.42% from the stock’s current price.

Several other brokerages have also recently commented on ACN. Royal Bank Of Canada decreased their price objective on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. UBS Group reduced their price target on Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. HSBC decreased their target price on shares of Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Susquehanna dropped their price target on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $291.96.

Accenture Trading Down 0.2%

Shares of NYSE:ACN opened at $268.88 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $177.05 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.53 and a beta of 1.26. The business’s 50-day moving average is $248.86 and its 200 day moving average is $265.74. Accenture has a 1 year low of $229.40 and a 1 year high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. On average, research analysts predict that Accenture will post 12.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Accenture news, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This represents a 64.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 33,319 shares of company stock valued at $8,335,225. Insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

Large investors have recently modified their holdings of the stock. Alecta Tjanstepension Omsesidigt grew its stake in Accenture by 13.3% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 630,000 shares of the information technology services provider’s stock worth $155,371,000 after purchasing an additional 74,000 shares in the last quarter. Allworth Financial LP grew its position in shares of Accenture by 12.4% during the third quarter. Allworth Financial LP now owns 23,767 shares of the information technology services provider’s stock worth $5,861,000 after buying an additional 2,625 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Accenture by 3.6% during the third quarter. IFP Advisors Inc now owns 12,028 shares of the information technology services provider’s stock worth $2,968,000 after buying an additional 413 shares during the period. Swiss Life Asset Management Ltd raised its holdings in Accenture by 19.5% in the third quarter. Swiss Life Asset Management Ltd now owns 299,277 shares of the information technology services provider’s stock valued at $73,802,000 after acquiring an additional 48,869 shares in the last quarter. Finally, Tevis Investment Management grew its holdings in Accenture by 1.6% during the 3rd quarter. Tevis Investment Management now owns 3,315 shares of the information technology services provider’s stock worth $817,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

About Accenture

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.