Accenture (NYSE:ACN) Price Target Cut to $260.00 by Analysts at Truist Financial

Accenture (NYSE:ACN) had its price objective cut by research analysts at Truist Financial from $317.00 to $260.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Truist Financial’s target price would indicate a potential upside of 24.30% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. TD Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Thursday, March 5th. Jefferies Financial Group upped their price objective on Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a report on Thursday, January 8th. Susquehanna lifted their price target on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Wells Fargo & Company boosted their price target on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Guggenheim boosted their target price on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.50.

Accenture Stock Down 2.7%

Shares of NYSE ACN opened at $209.18 on Tuesday. The firm’s fifty day moving average is $247.40 and its 200 day moving average is $250.32. 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 52 week low of $188.73 and a 52 week high of $339.90. The company has a market cap of $128.77 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 2.07 and a beta of 1.28.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share 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 analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts expect that Accenture will post 12.73 earnings per share for the current year.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the sale, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at $3,679,963.65. This represents a 28.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Catherine Kiernan Hogan sold 660 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $280.93, for a total transaction of $185,413.80. Following the sale, the chief operating officer owned 12,688 shares in the company, valued at $3,564,439.84. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,088 shares of company stock worth $5,970,434 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACN. Corient Private Wealth LLC boosted its stake in shares of Accenture by 13.0% during the 4th quarter. Corient Private Wealth LLC now owns 858,372 shares of the information technology services provider’s stock worth $230,341,000 after purchasing an additional 98,783 shares during the period. Union Savings Bank bought a new position in Accenture during the 4th quarter worth $974,000. Hsbc Holdings PLC boosted its holdings in Accenture by 77.1% in the fourth quarter. Hsbc Holdings PLC now owns 843,356 shares of the information technology services provider’s stock valued at $226,790,000 after acquiring an additional 367,163 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Accenture in the fourth quarter worth $56,000. Finally, Bayban purchased a new stake in shares of Accenture in the 4th quarter worth about $108,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

About Accenture

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.