Argus Lowers Accenture (NYSE:ACN) Price Target to $335.00

Accenture (NYSE:ACN) had its price objective reduced by investment analysts at Argus from $370.00 to $335.00 in a research note issued on Monday,MarketScreener reports. The firm currently has a “buy” rating on the information technology services provider’s stock. Argus’ price objective points to a potential upside of 24.10% from the company’s previous close.

ACN has been the subject of several other research reports. TD Cowen increased their price objective on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. Stifel Nicolaus dropped their price target on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. lowered their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.83.

Accenture Stock Down 0.5%

Shares of NYSE:ACN opened at $269.94 on Monday. The stock has a market cap of $166.18 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.62 and a beta of 1.26. The business’s 50 day moving average is $256.83 and its 200 day moving average is $261.05. Accenture has a 12-month low of $229.40 and a 12-month high of $398.35. 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 (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts forecast that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the sale, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This represents a 40.76% 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 Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was 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 of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 33,319 shares of company stock worth $8,335,225. Company insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

Several hedge funds have recently made changes to their positions in the stock. Investors Research Corp boosted its stake in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Triumph Capital Management bought a new position in shares of Accenture in the third quarter valued at approximately $26,000. Davis Capital Management purchased a new position in Accenture during the third quarter valued at approximately $28,000. Finally, RMG Wealth Management LLC bought a new stake in Accenture during the 2nd quarter worth approximately $33,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

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.