Analysts Set Accenture PLC (NYSE:ACN) Price Target at $291.69

Accenture PLC (NYSE:ACNGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the stock, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $288.3462.

Several brokerages have recently issued reports on ACN. Wells Fargo & Company upped their price objective on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. TD Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Thursday, March 5th. Truist Financial lowered their price objective on shares of Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wolfe Research boosted their target price on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th.

Get Our Latest Stock Report on ACN

Insider Buying and Selling at Accenture

In related news, CEO John F. Walsh sold 3,986 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the sale, the chief executive officer owned 27,221 shares in the company, valued at approximately $7,523,339.98. This represents a 12.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at $3,679,963.65. The trade was a 28.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 22,088 shares of company stock valued at $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

Large investors have recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC raised its position in Accenture by 4.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 35 shares during the period. Clayton Financial Group LLC boosted its position in shares of Accenture by 13.1% during the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after buying an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its holdings in shares of Accenture by 0.9% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock worth $1,089,000 after buying an additional 41 shares during the period. Peak Asset Management LLC lifted its stake in shares of Accenture by 0.8% during the 4th quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock worth $1,461,000 after acquiring an additional 43 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its holdings in Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after acquiring an additional 43 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Down 2.8%

ACN opened at $195.93 on Tuesday. Accenture has a 52 week low of $188.73 and a 52 week high of $326.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $243.23 and a two-hundred day simple moving average of $249.20. The company has a market capitalization of $120.61 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the business earned $3.59 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts forecast that Accenture will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were given a $1.63 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 3.3%. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Accenture Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.