JPMorgan Chase & Co. Issues Pessimistic Forecast for Accenture (NYSE:ACN) Stock Price

Accenture (NYSE:ACN) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $334.00 to $302.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 19.03% from the stock’s current price.

Several other brokerages also recently issued reports on ACN. HSBC assumed coverage on shares of Accenture in a research report on Monday, July 28th. They issued a “reduce” rating and a $240.00 price objective for the company. Guggenheim decreased their price target on shares of Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, June 23rd. Evercore ISI initiated coverage on shares of Accenture in a research report on Thursday, July 17th. They set an “outperform” rating and a $330.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Accenture in a research report on Thursday, July 17th. They set a “hold” rating and a $290.00 price target for the company. Finally, Barclays decreased their price target on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $358.08.

Accenture Stock Down 0.5%

Shares of NYSE:ACN opened at $253.7270 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture has a 52-week low of $236.67 and a 52-week high of $398.35. The company has a 50 day moving average of $278.70 and a two-hundred day moving average of $308.07. The company has a market capitalization of $158.92 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29.

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

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock valued at $834,280 over the last 90 days. 0.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Accenture

A number of hedge funds have recently added to or reduced their stakes in ACN. Brighton Jones LLC lifted its stake in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Accenture during the fourth quarter valued at about $317,000. OneDigital Investment Advisors LLC raised its stake in shares of Accenture by 4.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 9,738 shares of the information technology services provider’s stock valued at $3,426,000 after purchasing an additional 451 shares in the last quarter. Harvest Investment Services LLC raised its stake in shares of Accenture by 47.4% during the fourth quarter. Harvest Investment Services LLC now owns 2,097 shares of the information technology services provider’s stock valued at $738,000 after purchasing an additional 674 shares in the last quarter. Finally, MGO One Seven LLC raised its stake in shares of Accenture by 25.1% during the fourth quarter. MGO One Seven LLC now owns 5,235 shares of the information technology services provider’s stock valued at $1,842,000 after purchasing an additional 1,052 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

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.