Accenture (NYSE:ACN) Price Target Raised to $280.00

Accenture (NYSE:ACN) had its price target increased by investment analysts at Deutsche Bank Aktiengesellschaft from $265.00 to $280.00 in a research note issued to investors on Monday,MarketScreener reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 0.05% from the company’s current price.

Several other research firms have also recently weighed in on ACN. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price objective on shares of Accenture in a report on Thursday, December 18th. Wolfe Research upped their price target on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Truist Financial initiated coverage on Accenture in a research note on Tuesday, January 6th. They set a “buy” rating and a $317.00 target price on the stock. Finally, Jefferies Financial Group upped their price target on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $298.38.

Accenture Price Performance

ACN opened at $280.13 on Monday. The stock has a 50-day moving average price of $267.78 and a 200-day moving average price of $258.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture has a 1 year low of $229.40 and a 1 year high of $398.35. The firm has a market cap of $172.45 billion, a PE ratio of 23.33, a P/E/G ratio of 2.71 and a beta of 1.25.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the prior year, the company posted $3.59 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts predict that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Accenture

In other news, insider Manish Sharma sold 2,731 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total value of $786,883.03. Following the completion of the sale, the insider owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. This represents a 27.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $253.40, for a total value of $2,280,600.00. Following the sale, the chief executive officer directly owned 14,516 shares in the company, valued at $3,678,354.40. This trade represents a 38.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 21,674 shares of company stock worth $5,661,414 over the last three months. 0.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. PFG Investments LLC grew its stake in Accenture by 4.2% during the 4th quarter. PFG Investments LLC now owns 2,633 shares of the information technology services provider’s stock worth $707,000 after buying an additional 105 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Accenture in the fourth quarter worth $200,000. Annex Advisory Services LLC purchased a new position in Accenture during the fourth quarter worth approximately $207,000. Cordatus Wealth Management LLC increased its position in shares of Accenture by 8.6% in the fourth quarter. Cordatus Wealth Management LLC now owns 10,423 shares of the information technology services provider’s stock valued at $2,796,000 after buying an additional 825 shares in the last quarter. Finally, MOKAN Wealth Management Inc. raised its stake in shares of Accenture by 42.7% during the 4th quarter. MOKAN Wealth Management Inc. now owns 7,322 shares of the information technology services provider’s stock worth $1,964,000 after buying an additional 2,192 shares during the period. Hedge funds and other 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.