Citigroup Cuts Accenture (NYSE:ACN) Price Target to $215.00

Accenture (NYSE:ACN) had its price target trimmed by Citigroup from $266.00 to $215.00 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a neutral rating on the information technology services provider’s stock.

ACN has been the subject of several other research reports. Susquehanna upped their target price on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price target on shares of Accenture in a report on Thursday, December 18th. Guggenheim raised their price objective on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. UBS Group cut Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Wolfe Research lifted their price objective on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $296.42.

Accenture Stock Up 0.5%

Shares of Accenture stock opened at $208.35 on Wednesday. The business has a fifty day simple moving average of $254.50 and a 200 day simple moving average of $251.85. The stock has a market cap of $128.26 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. 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 has a 12 month low of $188.73 and a 12 month high of $359.14.

Accenture (NYSE:ACN) last issued its 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. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts predict that Accenture will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were issued a dividend of $1.63 per share. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.1%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Insider Transactions at Accenture

In other news, General Counsel Joel Unruch sold 1,026 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total value of $289,024.20. Following the sale, the general counsel owned 27,181 shares of the company’s stock, valued at $7,656,887.70. The trade was a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $280.93, for a total transaction of $185,413.80. Following the completion of the transaction, the chief operating officer directly owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 22,088 shares of company stock worth $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

A number of large investors have recently modified their holdings of the business. Running Oak Capital LLC increased its holdings in shares of Accenture by 14.3% in the third quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock valued at $14,190,000 after purchasing an additional 7,190 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Accenture during the 2nd quarter worth about $2,658,000. C WorldWide Group Holding A S grew its stake in Accenture by 35.9% in the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after buying an additional 2,151 shares during the last quarter. Weitz Investment Management Inc. raised its holdings in Accenture by 28.8% in the 3rd quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock valued at $39,592,000 after acquiring an additional 35,900 shares during the period. Finally, Norges Bank acquired a new stake in Accenture during the second quarter worth approximately $2,216,850,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Company Profile

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.