Accenture (NYSE:ACN) Given New $277.00 Price Target at Susquehanna

Accenture (NYSE:ACN) had its price target hoisted by investment analysts at Susquehanna from $270.00 to $277.00 in a report issued on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the information technology services provider’s stock. Susquehanna’s target price would suggest a potential upside of 2.65% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Guggenheim increased their target price on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI restated an “outperform” rating and set a $300.00 target price on shares of Accenture in a research report on Thursday. Wolfe Research lifted their price target on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Stifel Nicolaus cut their price target on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $298.08.

Accenture Price Performance

NYSE ACN opened at $269.84 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a market cap of $177.68 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. Accenture has a 52 week low of $229.40 and a 52 week high of $398.35. The firm’s 50-day simple moving average is $252.18 and its two-hundred day simple moving average is $264.34.

Accenture (NYSE:ACN) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $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.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the transaction, the chief executive officer owned 23,516 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares in the company, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Accenture

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Accenture by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares in the last quarter. State Street Corp grew its stake in Accenture by 0.4% during the third quarter. State Street Corp now owns 28,135,065 shares of the information technology services provider’s stock valued at $6,938,156,000 after acquiring an additional 118,460 shares in the last quarter. Capital International Investors boosted its holdings in shares of 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 last quarter. Geode Capital Management LLC grew its position in shares of Accenture by 1.1% during the second quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock valued at $4,182,331,000 after purchasing an additional 147,931 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Accenture by 12.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after buying an additional 1,148,970 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.