Accenture (NYSE:ACN) Price Target Raised to $300.00 at TD Cowen

Accenture (NYSE:ACN) had its price target boosted by stock analysts at TD Cowen from $295.00 to $300.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective points to a potential upside of 11.18% from the company’s previous close.

A number of other brokerages have also recently commented on ACN. UBS Group reiterated a “buy” rating on shares of Accenture in a report on Wednesday. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Wells Fargo & Company assumed coverage on shares of Accenture in a report on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price target for the company. Susquehanna decreased their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $300.00 price target on shares of Accenture in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average price target of $298.08.

Accenture Trading Down 1.4%

Shares of ACN stock opened at $269.84 on Friday. The stock has a market cap of $177.68 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.66 and a beta of 1.26. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The business has a fifty day simple moving average of $252.18 and a 200-day simple moving average of $264.34.

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

Insider Transactions at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,319 shares of company stock worth $8,335,225 in the last three months. 0.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 valued at $19,466,641,000 after purchasing an additional 1,315,548 shares in the last quarter. State Street Corp grew its stake in shares of Accenture by 0.4% during the third quarter. State Street Corp now owns 28,135,065 shares of the information technology services provider’s stock valued at $6,938,156,000 after acquiring an additional 118,460 shares in the last quarter. Capital International Investors lifted its stake 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 worth $4,223,839,000 after acquiring an additional 4,984,930 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Accenture by 1.1% in the second quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock valued at $4,182,331,000 after purchasing an additional 147,931 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Accenture by 12.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after purchasing an additional 1,148,970 shares during the last quarter. 75.14% of the stock is 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.