Wells Fargo & Company Has Lowered Expectations for Accenture (NYSE:ACN) Stock Price

Accenture (NYSE:ACN) had its target price cut by equities researchers at Wells Fargo & Company from $200.00 to $194.00 in a research note issued on Monday, MarketBeat reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 37.48% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Dbs Bank downgraded shares of Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. HSBC dropped their target price on shares of Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Susquehanna reduced their target price on shares of Accenture from $186.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Citigroup lowered their price target on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Finally, Royal Bank Of Canada dropped their price objective on shares of Accenture from $253.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, June 22nd. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $192.96.

Accenture Trading Down 2.5%

ACN stock opened at $141.11 on Monday. The business has a fifty day moving average price of $155.25 and a 200 day moving average price of $197.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. Accenture has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The stock has a market capitalization of $94.23 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.50 and a beta of 1.13.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The company had revenue of $18.72 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the previous year, the firm earned $3.49 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Analysts expect that Accenture will post 13.85 EPS for the current fiscal year.

Accenture announced that its board has approved a share repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Accenture

Several large investors have recently bought and sold shares of ACN. Jaffetilchin Investment Partners LLC grew its position in Accenture by 4.2% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after acquiring an additional 35 shares in the last quarter. Clayton Financial Group LLC raised its position in Accenture by 13.1% during the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after purchasing an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its stake in shares of Accenture by 0.9% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after purchasing an additional 41 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Accenture by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after purchasing an additional 43 shares during the period. Finally, Peak Asset Management LLC increased its position in shares of Accenture by 0.8% during the 4th quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock valued at $1,461,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

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.