Argus Cuts Accenture (NYSE:ACN) Price Target to $335.00

Accenture (NYSE:ACN) had its price objective reduced by Argus from $370.00 to $335.00 in a research report released on Monday,MarketScreener reports. They currently have a buy rating on the information technology services provider’s stock.

Several other research firms have also recently weighed in on ACN. Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Rothschild & Co Redburn upped their price target on Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Mizuho decreased their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. HSBC upped their target price on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, BNP Paribas Exane decreased their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.83.

Accenture Price Performance

Shares of NYSE:ACN opened at $268.44 on Monday. The company has a market cap of $165.25 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.60 and a beta of 1.26. The business has a 50 day moving average price of $257.22 and a 200 day moving average price of $261.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture has a twelve month low of $229.40 and a twelve month high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts predict that Accenture will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares in the company, valued at $5,868,888.12. This represents a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,319 shares of company stock worth $8,335,225. Insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aprio Wealth Management LLC boosted its stake in Accenture by 2.1% in the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after acquiring an additional 33 shares in the last quarter. Norway Savings Bank boosted its position in shares of Accenture by 0.9% in the 2nd quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock worth $1,232,000 after purchasing an additional 36 shares in the last quarter. Firethorn Wealth Partners LLC increased its position in Accenture by 4.4% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after buying an additional 36 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Accenture by 0.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after buying an additional 38 shares during the last quarter. Finally, Piscataqua Savings Bank boosted its holdings in Accenture by 5.3% in the second quarter. Piscataqua Savings Bank now owns 796 shares of the information technology services provider’s stock worth $238,000 after acquiring an additional 40 shares in the last quarter. 75.14% of the stock is 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.