Accenture (NYSE:ACN) Stock Price Expected to Rise, Susquehanna Analyst Says

Accenture (NYSE:ACN) had its price target lifted by analysts at Susquehanna from $270.00 to $277.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. Susquehanna’s price target points to a potential upside of 2.65% from the company’s previous close.

A number of other equities analysts have also issued reports on ACN. UBS Group reiterated a “buy” rating on shares of Accenture in a research note on Wednesday. Stifel Nicolaus cut their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Accenture in a research report on Thursday. Finally, Mizuho lowered their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $298.08.

Accenture Trading Down 1.4%

ACN stock opened at $269.84 on Friday. Accenture has a 12 month low of $229.40 and a 12 month high of $398.35. The firm’s 50-day moving average is $252.18 and its 200 day moving average is $264.34. The company has a market capitalization of $177.68 billion, a PE ratio of 22.21, a P/E/G ratio of 2.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same period last year, the business earned $3.59 EPS. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, research analysts anticipate that Accenture will post 12.73 EPS for the current year.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the transaction, the chief executive officer directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. This trade represents a 40.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This represents a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sanders Capital LLC acquired a new position in shares of Accenture during the 2nd quarter worth approximately $2,637,640,000. Norges Bank acquired a new position in shares of Accenture in the second quarter worth $2,216,850,000. Capital International Investors lifted its position in shares of Accenture by 41.1% in the third quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock valued at $4,223,839,000 after acquiring an additional 4,984,930 shares in the last quarter. Vanguard Group Inc. increased its position in Accenture by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in Accenture in the 3rd quarter valued at about $311,694,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

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.