Accenture (NYSE:ACN) Price Target Lowered to $194.00 at Wells Fargo & Company

Accenture (NYSE:ACN) had its price objective dropped by analysts at Wells Fargo & Company from $200.00 to $194.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 35.14% from the company’s previous close.

ACN has been the subject of several other research reports. Wolfe Research reissued an “outperform” rating and set a $200.00 price target on shares of Accenture in a research report on Tuesday, June 16th. Jefferies Financial Group reduced their target price on Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, June 15th. Morgan Stanley decreased their price objective on shares of Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a report on Monday, June 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $150.00 target price on shares of Accenture in a report on Friday, June 19th. Finally, Argus dropped their target price on shares of Accenture from $335.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Hold” and a consensus price target of $192.96.

Accenture Price Performance

Shares of NYSE:ACN opened at $143.56 on Monday. The firm has a market capitalization of $95.87 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. Accenture has a one year low of $118.15 and a one year high of $291.09. The company’s fifty day moving average price is $156.38 and its 200-day moving average price is $198.86.

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

Accenture announced that its board has approved a share repurchase program on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture 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 transaction, the chief executive officer owned 12,802 shares of the company’s stock, valued at $2,267,746.28. The trade was a 27.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 corporate insiders.

Institutional Trading of Accenture

A number of institutional investors and hedge funds have recently bought and sold shares of ACN. Laurel Wealth Advisors LLC bought a new position in shares of Accenture in the fourth quarter worth approximately $27,000. McMillan Office Inc. bought a new stake in shares of Accenture during the fourth quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in Accenture in the 4th quarter worth approximately $27,000. Triumph Capital Management bought a new position in Accenture in the 3rd quarter valued at approximately $26,000. Finally, Private Wealth Management Group LLC boosted its stake in Accenture by 96.4% during the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Company Profile

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.