Accenture (NYSE:ACN) Given New $215.00 Price Target at Citigroup

Accenture (NYSE:ACN) had its price objective decreased by Citigroup from $266.00 to $215.00 in a research note issued on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the information technology services provider’s stock. Citigroup’s price objective would suggest a potential upside of 11.53% from the company’s previous close.

Other equities analysts have also issued reports about the company. Guggenheim increased their price objective on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a report on Monday, December 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price target on shares of Accenture in a research note on Thursday, December 18th. Jefferies Financial Group boosted their price objective on Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. UBS Group lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $296.42.

Accenture Stock Down 2.0%

ACN traded down $3.95 during midday trading on Wednesday, reaching $192.78. 2,260,731 shares of the company were exchanged, compared to its average volume of 5,548,569. The company has a market cap of $118.68 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. Accenture has a one year low of $188.73 and a one year high of $363.01. The company’s fifty day moving average price is $258.67 and its 200 day moving average price is $252.80. 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 earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, analysts expect that Accenture will post 12.73 EPS for the current year.

Insider Buying and Selling

In other news, CEO John F. Walsh sold 3,986 shares of Accenture stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the sale, the chief executive officer owned 27,221 shares in the company, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Catherine Kiernan Hogan sold 660 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the transaction, the chief operating officer directly owned 12,688 shares of the company’s stock, valued at $3,564,439.84. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 in the last ninety days. 0.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Accenture

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Board of the Pension Protection Fund purchased a new position in Accenture in the fourth quarter worth $27,000. Laurel Wealth Advisors LLC bought a new stake in Accenture during the fourth quarter worth about $27,000. McMillan Office Inc. purchased a new position in shares of Accenture in the 4th quarter worth about $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Accenture during the 4th quarter valued at about $27,000. Finally, Investors Research Corp raised its holdings in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Company Profile

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.