DA Davidson Cuts Accenture (NYSE:ACN) Price Target to $175.00

Accenture (NYSE:ACN) had its target price cut by analysts at DA Davidson from $275.00 to $175.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the information technology services provider’s stock. DA Davidson’s target price suggests a potential upside of 40.02% from the stock’s previous close.

Several other research firms also recently commented on ACN. Guggenheim dropped their price objective on Accenture from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday. Berenberg Bank set a $220.00 target price on Accenture in a research report on Wednesday, June 17th. William Blair lowered Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft cut their price target on Accenture from $199.00 to $140.00 and set a “hold” rating for the company in a research note on Monday. Finally, Citigroup lowered their price objective on Accenture from $215.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.85.

Accenture Trading Up 0.1%

NYSE ACN opened at $124.98 on Tuesday. The business’s fifty day moving average is $175.52 and its 200-day moving average is $217.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $83.17 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.21 and a beta of 1.09. Accenture has a one year low of $118.15 and a one year high of $307.77.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping the consensus estimate of $3.70 by $0.10. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business had revenue of $18.72 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the previous year, the firm posted $3.49 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities research analysts predict that Accenture will post 13.85 EPS for the current year.

Insider Buying and Selling at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Accenture by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock valued at $17,726,831,000 after acquiring an additional 854,361 shares during the period. State Street Corp increased its stake in shares of Accenture by 0.5% during the fourth quarter. State Street Corp now owns 28,264,675 shares of the information technology services provider’s stock valued at $7,583,462,000 after purchasing an additional 129,610 shares in the last quarter. Capital International Investors increased its stake in shares of Accenture by 2.0% during the fourth quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock valued at $4,687,867,000 after purchasing an additional 343,420 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Accenture by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 14,656,436 shares of the information technology services provider’s stock valued at $3,922,212,000 after purchasing an additional 218,719 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Accenture by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,693,994 shares of the information technology services provider’s stock worth $2,869,199,000 after purchasing an additional 546,198 shares in the last quarter. 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:

• Positive Sentiment: Accenture expanded its fiscal 2026 share repurchase authorization, which signals ongoing capital returns to shareholders and may help support the stock. Accenture Expands 2026 Share Repurchase Authorization Program
• Positive Sentiment: Accenture continues to win AI- and cloud-related work, including collaborations with INFRONEER, Unilever, Adobe, and Omnicom, suggesting its longer-term transformation strategy is still gaining traction. INFRONEER Teams with Accenture…
• Neutral Sentiment: Some commentary suggests the sell-off may be overdone and that Accenture could recover in fiscal 2027 if bookings stabilize and AI investments convert into revenue growth.
• Negative Sentiment: The stock is being hit by a sharp post-earnings selloff after Accenture reported weaker-than-expected bookings and reduced investor confidence in fiscal 2027 visibility.
• Negative Sentiment: Wall Street has turned more cautious, with multiple firms cutting price targets after the earnings report, which adds to near-term pressure on the shares.
• Negative Sentiment: Management said delayed services deals and Middle East disruption are weighing on the near-term outlook, keeping concerns elevated around revenue momentum.

About Accenture

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.