Guggenheim Forecasts Strong Price Appreciation for Accenture (NYSE:ACN) Stock

Accenture (NYSE:ACN) had its target price boosted by equities researchers at Guggenheim from $285.00 to $305.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Guggenheim’s price target indicates a potential upside of 12.03% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Rothschild & Co Redburn upped their target price on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Citigroup raised Accenture to a “hold” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group decreased their target price on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $294.04.

Accenture Price Performance

NYSE ACN opened at $272.24 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The business’s fifty day moving average is $251.43 and its 200 day moving average is $264.24. The company has a market capitalization of $179.26 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.67 and a beta of 1.26. Accenture has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Sell-side analysts predict that Accenture will post 12.73 earnings per share for the current year.

Insider Transactions at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the period. Tocqueville Asset Management L.P. raised its stake in shares of Accenture by 23.3% in the first quarter. Tocqueville Asset Management L.P. now owns 1,111 shares of the information technology services provider’s stock valued at $347,000 after acquiring an additional 210 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Accenture by 9.4% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 46,398 shares of the information technology services provider’s stock worth $14,478,000 after acquiring an additional 3,982 shares during the last quarter. Northwest & Ethical Investments L.P. grew its holdings in Accenture by 42.0% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 7,256 shares of the information technology services provider’s stock valued at $2,264,000 after purchasing an additional 2,145 shares during the last quarter. Finally, Granite Harbor Advisors Inc. raised its position in Accenture by 40.0% in the 1st quarter. Granite Harbor Advisors Inc. now owns 798 shares of the information technology services provider’s stock worth $249,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Company Profile

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.