Accenture (NYSE:ACN) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Accenture (NYSE:ACN) had its target price boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $235.00 to $265.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage currently has a “hold” rating on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 1.44% from the company’s current price.

ACN has been the subject of several other reports. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. BMO Capital Markets dropped their target price on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research report on Friday, September 26th. UBS Group reduced their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.96.

Accenture Stock Down 0.2%

NYSE ACN opened at $268.88 on Wednesday. The company has a market capitalization of $177.05 billion, a P/E ratio of 22.11, a PEG ratio of 2.53 and a beta of 1.26. Accenture has a 12 month low of $229.40 and a 12 month high of $398.35. 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 company’s 50 day simple moving average is $248.86 and its 200 day simple moving average is $265.74.

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

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of the business’s stock in a transaction dated 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 owned 8,599 shares in the company, valued at $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction dated 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 $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,319 shares of company stock valued at $8,335,225. Insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Investors Research Corp lifted its position in shares of Accenture by 73.8% in the third 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 during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Triumph Capital Management acquired a new stake in Accenture in the 3rd quarter worth approximately $26,000. Davis Capital Management bought a new stake in Accenture during the third quarter worth approximately $28,000. Finally, Elevation Wealth Partners LLC grew its holdings in Accenture by 146.0% during the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds 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.