Analysts Set Accenture PLC (NYSE:ACN) Price Target at $193.19

Accenture PLC (NYSE:ACN) has received an average rating of “Hold” from the twenty-seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $193.1852.

Several equities research analysts have recently commented on ACN shares. Berenberg Bank reduced their price target on shares of Accenture from $273.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Mizuho cut their price objective on shares of Accenture from $280.00 to $226.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $150.00 price objective on shares of Accenture in a research note on Friday, June 19th. William Blair cut Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 18th. Finally, Susquehanna cut their price target on Accenture from $186.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, June 22nd.

Accenture Price Performance

Shares of ACN stock opened at $143.56 on Monday. Accenture has a twelve month low of $118.15 and a twelve month high of $291.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $156.38 and a two-hundred day simple moving average of $198.86. The stock has a market capitalization of $95.87 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.49 and a beta of 1.13.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, beating the consensus estimate of $3.70 by $0.10. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm had revenue of $18.72 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same quarter last year, the firm posted $3.49 earnings per share. The business’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. On average, analysts predict that Accenture will post 13.85 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. Shareholders of record on Thursday, July 9th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, July 9th. Accenture’s payout ratio is 52.08%.

Accenture declared that its Board of Directors has approved a share buyback program on Tuesday, June 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information technology services provider to purchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction dated 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 directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Accenture

A number of hedge funds and other institutional investors have recently bought and sold shares of ACN. Triumph Capital Management purchased a new stake in shares of Accenture during the 3rd quarter valued at $26,000. Board of the Pension Protection Fund purchased a new position in Accenture during the 4th quarter worth $27,000. Laurel Wealth Advisors LLC acquired a new position in Accenture during the 4th quarter valued at about $27,000. Dogwood Wealth Management LLC increased its position in Accenture by 147.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 128 shares in the last quarter. Finally, McMillan Office Inc. purchased a new stake in shares of Accenture during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

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.