Accenture (NYSE:ACN) Price Target Cut to $275.00 by Analysts at TD Cowen

Accenture (NYSE:ACN) had its target price dropped by analysts at TD Cowen from $282.00 to $275.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s target price suggests a potential upside of 38.31% from the stock’s previous close.

A number of other research analysts have also commented on ACN. HSBC raised their price objective on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price target on shares of Accenture in a research report on Thursday, December 18th. Wolfe Research upped their price objective on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. UBS Group cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average price target of $287.38.

Accenture Stock Performance

Shares of NYSE ACN traded up $2.18 during midday trading on Monday, reaching $198.83. 1,770,605 shares of the company traded hands, compared to its average volume of 6,005,308. The company has a market cap of $122.40 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.87 and a beta of 1.28. The stock has a 50-day moving average price of $241.97 and a 200 day moving average price of $248.67. Accenture has a 52 week low of $188.73 and a 52 week high of $326.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick 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 analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same quarter in the prior year, the firm posted $3.59 EPS. Accenture’s revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts anticipate that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the sale, the chief executive officer owned 15,255 shares in the company, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, the chief accounting officer owned 8,179 shares in the company, valued at approximately $2,298,380.79. The trade was a 30.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,088 shares of company stock valued at $5,970,434 over the last three months. 0.02% of the stock is owned by insiders.

Institutional Trading of Accenture

A number of hedge funds have recently made changes to their positions in ACN. Investors Research Corp lifted its position in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Triumph Capital Management acquired a new position in Accenture in the 3rd quarter worth about $26,000. Board of the Pension Protection Fund purchased a new stake in shares of Accenture during the 4th quarter worth about $27,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Accenture in the 4th quarter valued at approximately $27,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

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.