Accenture (NYSE:ACN) Given New $220.00 Price Target at Argus

Accenture (NYSE:ACN) had its price objective cut by equities researchers at Argus from $335.00 to $220.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Argus’ price objective points to a potential upside of 73.58% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Accenture in a research report on Tuesday, June 16th. William Blair downgraded Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday. Jefferies Financial Group cut their price objective on Accenture from $210.00 to $185.00 and set a “hold” rating for the company in a report on Monday, June 15th. Morgan Stanley reduced their price objective on Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Robert W. Baird set a $190.00 target price on Accenture in a research report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $216.52.

Accenture Price Performance

Shares of NYSE:ACN opened at $126.75 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $84.34 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The business has a 50-day simple moving average of $176.76 and a two-hundred day simple moving average of $218.07. Accenture has a fifty-two week low of $125.60 and a fifty-two week high of $307.77.

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

Insider Transactions at Accenture

In other Accenture 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 owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Board of the Pension Protection Fund purchased a new stake in Accenture in the 4th quarter worth $27,000. Laurel Wealth Advisors LLC bought a new position in shares of Accenture in the 4th quarter valued at about $27,000. McMillan Office Inc. purchased a new position in shares of Accenture in the 4th quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in Accenture in the fourth quarter worth $27,000. Finally, Triumph Capital Management purchased a new position in Accenture during the third quarter worth $26,000. 75.14% of the stock is currently owned by institutional investors.

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.