Guggenheim Cuts Accenture (NYSE:ACN) Price Target to $275.00

Accenture (NYSE:ACNGet Free Report) had its price objective lowered by analysts at Guggenheim from $305.00 to $275.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Guggenheim’s target price indicates a potential upside of 36.57% from the stock’s previous close.

Several other research analysts have also weighed in on ACN. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price target on shares of Accenture in a research report on Thursday, December 18th. Evercore reaffirmed an “outperform” rating and set a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Citigroup reduced their price target on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Wells Fargo & Company raised their price target on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Finally, Susquehanna boosted their price objective on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.35.

Check Out Our Latest Research Report on Accenture

Accenture Stock Performance

Shares of ACN opened at $201.36 on Wednesday. Accenture has a one year low of $188.73 and a one year high of $334.43. The company has a 50-day moving average of $246.03 and a two-hundred day moving average of $249.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $123.96 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.99 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts expect that Accenture will post 12.73 earnings per share for the current year.

Insider Activity at Accenture

In other news, CAO Melissa A. Burgum sold 3,588 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were 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. This trade represents a 30.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manish Sharma sold 2,731 shares of Accenture stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the sale, the insider directly owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. The trade was a 27.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,088 shares of company stock worth $5,970,434 over the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Accenture

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACN. Sanders Capital LLC bought a new position in shares of Accenture in the second quarter valued at approximately $2,637,640,000. Norges Bank acquired a new stake in Accenture in the 4th quarter valued at approximately $2,146,995,000. Capital International Investors increased its position in Accenture by 41.1% in the 3rd quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock worth $4,223,839,000 after buying an additional 4,984,930 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after buying an additional 1,315,548 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Accenture in the 3rd quarter worth $311,694,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Accenture

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About Accenture

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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.

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Analyst Recommendations for Accenture (NYSE:ACN)

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