Accenture (NYSE:ACN) Price Target Cut to $330.00 by Analysts at Robert W. Baird

Accenture (NYSE:ACN) had its price target decreased by Robert W. Baird from $350.00 to $330.00 in a research report released on Friday morning, MarketBeat Ratings reports. Robert W. Baird currently has an outperform rating on the information technology services provider’s stock.

A number of other equities research analysts have also issued reports on ACN. JPMorgan Chase & Co. cut their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday. Stifel Nicolaus cut their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. BMO Capital Markets decreased their target price on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a report on Friday. Benchmark restated a “mixed” rating on shares of Accenture in a report on Friday, June 20th. Finally, Evercore ISI set a $280.00 price objective on shares of Accenture in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $301.91.

Accenture Stock Up 3.0%

ACN stock opened at $239.43 on Friday. The firm has a market cap of $149.96 billion, a PE ratio of 19.71, a P/E/G ratio of 1.99 and a beta of 1.29. Accenture has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $253.43 and a 200 day simple moving average of $286.28.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter in the prior year, the company earned $2.66 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities research analysts forecast that Accenture will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 47.13%.

Insider Activity

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider directly owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock worth $834,280 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Redwood Investments LLC lifted its stake in shares of Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Lipe & Dalton lifted its position in shares of Accenture by 2,087.4% in the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after buying an additional 4,801 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Accenture by 40.5% during the 1st quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock worth $30,777,000 after acquiring an additional 28,446 shares in the last quarter. Park National Corp OH increased its holdings in shares of Accenture by 4.3% during the 2nd quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider’s stock valued at $38,756,000 after acquiring an additional 5,388 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Accenture by 1.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 234,066 shares of the information technology services provider’s stock valued at $69,960,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

About Accenture

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.