Accenture (NYSE:ACN) Given New $305.00 Price Target at Guggenheim

Accenture (NYSE:ACN) had its target price boosted by research analysts at Guggenheim from $285.00 to $305.00 in a research note issued on Monday,MarketScreener reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Guggenheim’s price objective would suggest a potential upside of 11.25% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley lowered their target price on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Robert W. Baird decreased their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Jefferies Financial Group raised their price objective on shares of Accenture from $250.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $294.04.

Accenture Stock Performance

NYSE ACN opened at $274.15 on Monday. The firm’s 50 day simple moving average is $250.48 and its 200 day simple moving average is $264.85. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture has a 1 year low of $229.40 and a 1 year high of $398.35. The firm has a market capitalization of $180.52 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.64 and a beta of 1.26.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the prior year, the business earned $2.66 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. As a group, research analysts expect that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the transaction, the insider owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,319 shares of company stock valued at $8,335,225 in the last 90 days. Insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Accenture

Hedge funds and other institutional investors have recently modified their holdings of the stock. Investors Research Corp boosted its holdings in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. increased its stake in Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Accenture in the 3rd quarter valued at about $26,000. Davis Capital Management bought a new stake in Accenture during the third quarter valued at approximately $28,000. Finally, Elevation Wealth Partners LLC grew its position in Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

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.