Accenture (NYSE:ACN) Price Target Lowered to $313.00 at TD Cowen

Accenture (NYSE:ACN) had its target price cut by equities research analysts at TD Cowen from $342.00 to $313.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective suggests a potential upside of 25.00% from the stock’s current price.

ACN has been the subject of several other reports. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Barclays decreased their price target on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, June 23rd. Morgan Stanley reduced their price objective on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group reiterated a “buy” rating and issued a $395.00 price target (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their price target on Accenture from $334.00 to $302.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average price target of $348.12.

Accenture Stock Down 2.0%

ACN stock traded down $5.17 during midday trading on Tuesday, hitting $250.40. The company’s stock had a trading volume of 1,195,133 shares, compared to its average volume of 3,539,386. The company has a market cap of $156.83 billion, a PE ratio of 19.97, a P/E/G ratio of 2.19 and a beta of 1.30. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture has a 12 month low of $236.67 and a 12 month high of $398.35. The firm’s 50-day moving average is $267.93 and its 200-day moving average is $295.99.

Accenture (NYSE:ACN) last released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.32 by $0.17. The company had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.Accenture’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities research analysts forecast that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Activity

In other Accenture news, insider Angela Beatty sold 203 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the sale, the insider directly owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last ninety days. 0.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Accenture

Large investors have recently added to or reduced their stakes in the company. Visionary Wealth Advisors raised its position in shares of Accenture by 3.5% during the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider’s stock valued at $274,000 after acquiring an additional 26 shares in the last quarter. Vivaldi Capital Management LP boosted its position in shares of Accenture by 3.6% in the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider’s stock worth $292,000 after buying an additional 27 shares during the period. Sentinus LLC raised its holdings in shares of Accenture by 4.2% during the fourth quarter. Sentinus LLC now owns 763 shares of the information technology services provider’s stock worth $268,000 after acquiring an additional 31 shares in the last quarter. Stonebrook Private Inc. boosted its stake in shares of Accenture by 3.1% during the 4th quarter. Stonebrook Private Inc. now owns 1,103 shares of the information technology services provider’s stock worth $388,000 after acquiring an additional 33 shares in the last quarter. Finally, Viawealth LLC lifted its position in shares of Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after purchasing an additional 33 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.