Accenture (NYSE:ACN) Price Target Raised to $240.00

Accenture (NYSE:ACN) had its price objective lifted by equities researchers at Royal Bank Of Canada from $175.00 to $240.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the information technology services provider’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 16.52% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. William Blair cut shares of Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. Guggenheim reaffirmed a “neutral” rating on shares of Accenture in a research report on Friday. Susquehanna lifted their target price on Accenture from $153.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on Accenture from $136.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, September 18th. Finally, Evercore set a $250.00 target price on Accenture and gave the company an “outperform” rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $213.96.

Accenture Price Performance

Accenture stock opened at $205.98 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $137.56 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.51 and a beta of 1.11. The firm has a 50 day moving average price of $179.87 and a 200 day moving average price of $173.46. Accenture has a 1 year low of $118.15 and a 1 year high of $291.09.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The firm had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the firm posted $3.03 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Sell-side analysts predict that Accenture will post 13.87 earnings per share for the current year.

Accenture announced that its Board of Directors has initiated a share buyback program on Tuesday, June 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, General Counsel Joel Unruch sold 10,498 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the completion of the transaction, the general counsel directly owned 17,735 shares in the company, valued at $2,890,450.30. The trade was a 37.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

Hedge funds have recently modified their holdings of the business. Flossbach Von Storch SE purchased a new stake in shares of Accenture in the 2nd quarter valued at about $309,873,000. First Trust Advisors LP raised its holdings in shares of Accenture by 120.0% in the first quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock valued at $690,475,000 after buying an additional 1,899,305 shares during the last quarter. Franklin Resources Inc. increased its position in Accenture by 15.9% in the 4th quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider’s stock valued at $2,192,907,000 after acquiring an additional 1,122,855 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Accenture by 84.0% in the first quarter. Pzena Investment Management LLC now owns 2,405,683 shares of the information technology services provider’s stock valued at $477,023,000 after purchasing an additional 1,097,961 shares during the period. Finally, Ruane Cunniff & Goldfarb L.P. acquired a new position in Accenture during the 4th quarter worth approximately $253,120,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Quarterly results exceeded expectations: Fiscal Q4 revenue rose 6.2% year over year to $18.68 billion, above the $18.03 billion consensus estimate, while EPS of $3.29 topped the $3.18 estimate and increased from $3.03 a year earlier. Accenture quarterly earnings report
• Positive Sentiment: Record bookings countered AI-disruption fears: Annual bookings reportedly reached $84.5 billion, with quarterly bookings up 4% to $22.17 billion. Management also said its AI workforce had doubled ahead of schedule, suggesting Accenture is benefiting from clients’ AI and digital-transformation spending rather than being displaced by it. CNBC Accenture earnings article
• Positive Sentiment: Fiscal 2027 outlook was broadly supportive: Accenture forecast local-currency revenue growth of 3% to 6%, revenue of $76.4 billion to $78.7 billion and EPS of $14.39 to $14.81. The company also raised its quarterly dividend 4.9% to $1.71 per share, providing a 3.2% indicated yield. Accenture fiscal 2026 results
• Positive Sentiment: Argus upgraded its view: Argus raised its price target from $220 to $260 and initiated a “Buy” rating, citing the company’s AI momentum and growth prospects.
• Neutral Sentiment: Analyst opinion remains mixed: Morgan Stanley lifted its target from $175 to $195 but maintained an “Equal Weight” rating, while TD Cowen reiterated a Hold rating with a $173 target. These views suggest some analysts believe the post-earnings rebound has already priced in much of the improvement.
• Negative Sentiment: Near-term guidance was less compelling: Next-quarter revenue guidance of approximately $19.28 billion was slightly below analyst expectations, highlighting the risk that growth may remain moderate despite strong bookings and AI demand.

Accenture Company Profile

Accenture plc (NYSE: ACN) is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.

The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.