Accenture (NYSE:ACN) Stock Gets Price Target Bump from Truist Financial

Accenture (NYSE:ACN) had its price target increased by research analysts at Truist Financial from $150.00 to $220.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 8.89% from the stock’s previous close.

A number of other research analysts have also issued reports on ACN. Wells Fargo & Company reaffirmed a “reduce” rating on shares of Accenture in a report on Friday. Mizuho reduced their price objective on shares of Accenture from $280.00 to $226.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Weiss Ratings cut shares of Accenture from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Royal Bank Of Canada boosted their target price on shares of Accenture from $175.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Berenberg Bank cut their target price on shares of Accenture from $273.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $217.30.

Accenture Price Performance

ACN traded down $10.27 during trading on Friday, reaching $202.03. The stock had a trading volume of 3,081,990 shares, compared to its average volume of 6,963,677. The stock has a 50 day moving average of $179.87 and a two-hundred day moving average of $173.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $134.92 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11. Accenture has a 1-year low of $118.15 and a 1-year high of $291.09.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.11. The company had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.03 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, equities analysts anticipate that Accenture will post 13.87 EPS for the current fiscal year.

Accenture announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, General Counsel Joel Unruch sold 10,498 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total value of $1,710,964.04. Following the completion of the sale, the general counsel owned 17,735 shares of the company’s stock, valued at $2,890,450.30. This trade represents a 37.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Accenture

Hedge funds have recently bought and sold shares of the business. First Command Advisory Services Inc. increased its stake in Accenture by 10.9% during the fourth quarter. First Command Advisory Services Inc. now owns 499 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 49 shares during the last quarter. Claret Asset Management Corp lifted its stake in shares of Accenture by 4.6% in the 4th quarter. Claret Asset Management Corp now owns 1,143 shares of the information technology services provider’s stock valued at $307,000 after purchasing an additional 50 shares during the last quarter. Hibernia Wealth Partners LLC boosted its holdings in shares of Accenture by 4.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 1,354 shares of the information technology services provider’s stock worth $269,000 after purchasing an additional 58 shares during the period. City National Bank of Florida MSD increased its position in shares of Accenture by 5.8% during the 4th quarter. City National Bank of Florida MSD now owns 1,073 shares of the information technology services provider’s stock valued at $288,000 after purchasing an additional 59 shares during the last quarter. Finally, Kennebec Savings Bank raised its holdings in Accenture by 38.0% during the 1st quarter. Kennebec Savings Bank now owns 218 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 60 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Quarterly results exceeded expectations: Fiscal Q4 revenue rose 6.2% year over year to $18.68 billion, above the $18.03 billion consensus estimate, while EPS of $3.29 topped the $3.18 estimate and increased from $3.03 a year earlier. Accenture quarterly earnings report
• Positive Sentiment: Record bookings countered AI-disruption fears: Annual bookings reportedly reached $84.5 billion, with quarterly bookings up 4% to $22.17 billion. Management also said its AI workforce had doubled ahead of schedule, suggesting Accenture is benefiting from clients’ AI and digital-transformation spending rather than being displaced by it. CNBC Accenture earnings article
• Positive Sentiment: Fiscal 2027 outlook was broadly supportive: Accenture forecast local-currency revenue growth of 3% to 6%, revenue of $76.4 billion to $78.7 billion and EPS of $14.39 to $14.81. The company also raised its quarterly dividend 4.9% to $1.71 per share, providing a 3.2% indicated yield. Accenture fiscal 2026 results
• Positive Sentiment: Argus upgraded its view: Argus raised its price target from $220 to $260 and initiated a “Buy” rating, citing the company’s AI momentum and growth prospects.
• Neutral Sentiment: Analyst opinion remains mixed: Morgan Stanley lifted its target from $175 to $195 but maintained an “Equal Weight” rating, while TD Cowen reiterated a Hold rating with a $173 target. These views suggest some analysts believe the post-earnings rebound has already priced in much of the improvement.
• Negative Sentiment: Near-term guidance was less compelling: Next-quarter revenue guidance of approximately $19.28 billion was slightly below analyst expectations, highlighting the risk that growth may remain moderate despite strong bookings and AI demand.

About Accenture

Accenture plc (NYSE: ACN) is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.

The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.