Argus Has Lowered Expectations for Accenture (NYSE:ACN) Stock Price

Accenture (NYSE:ACN) had its price objective dropped by stock analysts at Argus from $370.00 to $335.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Argus’ price target would suggest a potential upside of 22.90% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 target price on shares of Accenture in a research note on Thursday, December 18th. HSBC lifted their price target on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Citigroup raised shares of Accenture to a “hold” rating in a research report on Thursday, October 23rd. Finally, UBS Group set a $320.00 target price on shares of Accenture in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $296.83.

Accenture Stock Performance

Shares of NYSE ACN opened at $272.57 on Monday. Accenture has a 52 week low of $229.40 and a 52 week high of $398.35. The firm has a market cap of $167.80 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50-day simple moving average is $255.87 and its 200-day simple moving average is $261.67.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the company earned $3.59 earnings per share. The company’s quarterly 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. As a group, equities research analysts expect that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Activity at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 5,917 shares of Accenture 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 completion of the transaction, the chief executive officer owned 8,599 shares in the company, valued at approximately $2,120,685.38. This represents a 40.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,319 shares of company stock valued at $8,335,225 in the last three months. Corporate insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aprio Wealth Management LLC lifted its holdings in shares of Accenture by 2.1% in the 1st quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after acquiring an additional 33 shares during the last quarter. Norway Savings Bank grew its holdings in shares of Accenture by 0.9% in the second quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock worth $1,232,000 after purchasing an additional 36 shares during the last quarter. Firethorn Wealth Partners LLC increased its stake in Accenture by 4.4% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after buying an additional 36 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Accenture by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after buying an additional 38 shares during the period. Finally, Piscataqua Savings Bank lifted its holdings in shares of Accenture by 5.3% in the 2nd quarter. Piscataqua Savings Bank now owns 796 shares of the information technology services provider’s stock worth $238,000 after buying an additional 40 shares during the period. 75.14% of the stock is currently owned by 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.