Accenture (NYSE:ACN) Price Target Lowered to $200.00 at Wells Fargo & Company

Accenture (NYSE:ACNFree Report) had its target price lowered by Wells Fargo & Company from $248.00 to $200.00 in a research note released on Thursday morning,MarketScreener reports.

A number of other brokerages also recently issued reports on ACN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a report on Tuesday, June 9th. Berenberg Bank set a $220.00 target price on shares of Accenture in a research note on Wednesday. Robert W. Baird set a $190.00 price target on Accenture in a research note on Thursday. Jefferies Financial Group reduced their price objective on Accenture from $210.00 to $185.00 and set a “hold” rating for the company in a research report on Monday. Finally, Mizuho lowered their target price on Accenture from $309.00 to $280.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Fifteen research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $229.15.

View Our Latest Research Report on ACN

Accenture Price Performance

Shares of NYSE ACN opened at $126.75 on Thursday. The company has a 50 day moving average of $178.10 and a 200 day moving average of $219.00. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture has a twelve month low of $125.60 and a twelve month high of $307.77. The firm has a market cap of $84.34 billion, a P/E ratio of 10.38, a PEG ratio of 1.48 and a beta of 1.08.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.10. The firm had revenue of $18.72 billion during the quarter, compared to analysts’ expectations of $18.75 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts expect that Accenture will post 13.83 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be given a dividend of $1.63 per share. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 5.1%. Accenture’s payout ratio is 53.40%.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the sale, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

Several large investors have recently added to or reduced their stakes in ACN. Triumph Capital Management purchased a new position in shares of Accenture during the 3rd quarter valued at $26,000. Board of the Pension Protection Fund purchased a new stake in Accenture in the 4th quarter worth $27,000. Laurel Wealth Advisors LLC bought a new stake in Accenture during the fourth quarter valued at about $27,000. McMillan Office Inc. purchased a new position in shares of Accenture in the fourth quarter valued at about $27,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Accenture in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Accenture Company Profile

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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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