Brokerages Set Accenture PLC (NYSE:ACN) Price Target at $291.69

Shares of Accenture PLC (NYSE:ACNGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $288.3462.

ACN has been the topic of several research reports. HSBC raised their price target on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Guggenheim cut their price objective on shares of Accenture from $305.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup decreased their target price on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price target on shares of Accenture in a research report on Thursday, December 18th. Finally, Rothschild & Co Redburn increased their price target on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, January 5th.

Check Out Our Latest Report on Accenture

Insider Buying and Selling at Accenture

In other Accenture news, insider Manish Sharma sold 2,731 shares of Accenture stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the transaction, the insider directly owned 7,057 shares of the company’s stock, valued at $2,033,333.41. The trade was a 27.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the completion of the transaction, the general counsel owned 28,207 shares in the company, valued at $7,756,925. The trade was a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 22,088 shares of company stock worth $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

Institutional investors have recently made changes to their positions in the company. 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 during the period. Clayton Financial Group LLC raised its position in Accenture by 13.1% in 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. Peak Asset Management LLC grew its holdings 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 worth $1,461,000 after purchasing an additional 43 shares during the period. Finally, SkyView Investment Advisors LLC increased its position in shares of Accenture by 1.2% during 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 last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

Accenture Stock Up 0.2%

Shares of ACN opened at $196.41 on Tuesday. The stock has a 50 day moving average price of $241.97 and a 200 day moving average price of $248.73. Accenture has a one year low of $188.73 and a one year high of $326.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $120.91 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.87 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share 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 company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same quarter last year, the firm posted $3.59 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts forecast that Accenture will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were paid a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.3%. Accenture’s dividend payout ratio (DPR) is 53.88%.

Accenture Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Accenture (NYSE:ACN)

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