Accenture (NYSE:ACN) Price Target Lowered to $130.00 at Morgan Stanley

Accenture (NYSE:ACN) had its target price cut by analysts at Morgan Stanley from $177.00 to $130.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 2.57% from the stock’s current price.

Other equities research analysts have also issued reports about the company. TD Cowen lowered Accenture from a “buy” rating to a “hold” rating in a research note on Monday. Evercore set a $180.00 target price on Accenture in a research report on Thursday. Citigroup decreased their price target on Accenture from $215.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Wolfe Research reiterated an “outperform” rating and issued a $200.00 price target on shares of Accenture in a research report on Tuesday, June 16th. Finally, Berenberg Bank set a $220.00 price objective on Accenture in a report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.44.

Accenture Trading Down 1.0%

Shares of ACN stock opened at $126.75 on Monday. The firm has a fifty day moving average of $176.76 and a 200-day moving average of $218.07. The stock has a market cap of $84.34 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.21 and a beta of 1.09. Accenture has a 52-week low of $125.60 and a 52-week high of $307.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, beating 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 period in the previous year, the business earned $3.49 EPS. The firm’s revenue 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, equities research analysts forecast that Accenture will post 13.85 earnings per share for the current fiscal year.

Insider Transactions at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.

Institutional Trading of Accenture

Several hedge funds have recently modified their holdings of ACN. Norges Bank acquired a new stake in Accenture in the fourth quarter worth about $2,146,995,000. Capital International Investors lifted its position in Accenture by 41.1% during the 3rd quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock valued at $4,223,839,000 after purchasing an additional 4,984,930 shares during the period. First Trust Advisors LP boosted its stake in shares of Accenture by 120.0% in the 1st quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock valued at $690,475,000 after purchasing an additional 1,899,305 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Accenture in the 3rd quarter valued at about $311,694,000. Finally, Franklin Resources Inc. grew its position in shares of Accenture by 15.9% during the 4th quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider’s stock worth $2,192,907,000 after buying an additional 1,122,855 shares during the period. 75.14% of the stock is owned by institutional investors.

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.