Accenture (NYSE:ACN) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of Accenture (NYSE:ACNFree Report) in a report released on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $317.00 target price on the information technology services provider’s stock.

A number of other equities research analysts have also issued reports on ACN. Mizuho cut their target price on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. Morgan Stanley dropped their target price on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Stifel Nicolaus decreased their price target on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.84.

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Accenture Stock Performance

Accenture stock opened at $281.52 on Tuesday. Accenture has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market cap of $173.30 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. The stock has a 50 day moving average of $259.69 and a 200-day moving average of $259.97.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results 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. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same quarter in the previous year, the firm earned $3.59 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, analysts expect that Accenture will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.3%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Insider Buying and Selling at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. This trade represents a 64.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,151 shares of company stock valued at $8,841,525. 0.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Accenture

Several hedge funds and other institutional investors have recently bought and sold shares of ACN. Brighton Jones LLC lifted its stake in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. SCS Capital Management LLC bought a new position in shares of Accenture in the first quarter valued at $1,827,000. Advisory Alpha LLC lifted its position in shares of Accenture by 15.7% during the 1st quarter. Advisory Alpha LLC now owns 1,778 shares of the information technology services provider’s stock valued at $555,000 after acquiring an additional 241 shares during the last quarter. SageView Advisory Group LLC boosted its stake in shares of Accenture by 12.6% during the 1st quarter. SageView Advisory Group LLC now owns 2,736 shares of the information technology services provider’s stock worth $854,000 after acquiring an additional 307 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Accenture by 7.9% in the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 102,500 shares of the information technology services provider’s stock worth $31,984,000 after acquiring an additional 7,500 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Key Accenture News

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About Accenture

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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.

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