Susquehanna Lowers Accenture (NYSE:ACN) Price Target to $186.00

Accenture (NYSE:ACN) had its price target decreased by Susquehanna from $222.00 to $186.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the information technology services provider’s stock. Susquehanna’s price objective points to a potential upside of 10.19% from the stock’s current price.

Several other research firms have also recently issued reports on ACN. Wells Fargo & Company reduced their price objective on shares of Accenture from $275.00 to $248.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. The Goldman Sachs Group cut their target price on shares of Accenture from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Citigroup decreased their price target on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Accenture from $210.00 to $199.00 and set a “hold” rating for the company in a report on Tuesday, June 2nd. Finally, Mizuho reduced 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. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $245.85.

Accenture Price Performance

Shares of ACN opened at $168.80 on Tuesday. The firm has a fifty day simple moving average of $181.07 and a two-hundred day simple moving average of $221.09. The firm has a market cap of $112.33 billion, a PE ratio of 13.77, a P/E/G ratio of 1.62 and a beta of 1.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture has a 1-year low of $155.82 and a 1-year high of $315.95.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 earnings per share. On average, equities analysts anticipate that Accenture will post 13.84 EPS for the current year.

Insider Activity

In related news, CEO Atsushi Egawa sold 4,872 shares of the 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 completion of the transaction, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a legal 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. Corporate insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its position in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Accenture by 46.9% during the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after buying an additional 660 shares during the last quarter. United Bank raised its holdings in shares of Accenture by 49.8% in the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after buying an additional 1,209 shares during the period. Bank of Nova Scotia lifted its stake in shares of Accenture by 23.0% during the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock worth $247,000 after acquiring an additional 155 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Accenture by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after acquiring an additional 72 shares during the period. 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 is set to report fiscal third-quarter results on Thursday, and recent previews point to higher sales, earnings growth, and broad-based gains across major business segments, which could support the stock if results beat expectations.
• Positive Sentiment: Unilever said it is partnering with Accenture to scale AI-enabled digital twins across its global manufacturing network, highlighting Accenture’s role in large enterprise AI transformation projects and potentially adding to its consulting pipeline. Unilever Scales Digital Twins Across Global Manufacturing Network with Accenture
• Positive Sentiment: Accenture received the Agentic Trailblazer Award for scaling AI innovation across its workforce, reinforcing the company’s positioning as an early enterprise AI leader. Accenture Award Underscores AI Role In Client Transformations And Workforce Productivity
• Neutral Sentiment: Accenture will participate in a Procurement Magazine webinar with Coupa, Rossum, and Eurowag focused on automating accounts payable and improving finance visibility; this is positive for visibility but is unlikely to materially move the stock on its own. Procurement Magazine Announces Exclusive Webinar with Coupa, Rossum, Eurowag and Accenture
• Negative Sentiment: Jefferies cut its price target on Accenture to $185 from $210 and kept a hold rating, signaling more cautious expectations for near-term upside. Jefferies adjusts price target on Accenture to 185 from 210, maintains hold rating
• Negative Sentiment: Morgan Stanley said Accenture could remain under pressure as AI-related spending increasingly competes with discretionary IT services budgets, adding to concerns about demand trends.
• Negative Sentiment: Recent investor commentary noted that Madison Large Cap Fund sold its Accenture position amid AI concerns, which may reinforce bearish sentiment around the name.

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.