Rothschild & Co Redburn Downgrades Accenture (NYSE:ACN) to Neutral

Accenture (NYSE:ACN) was downgraded by Rothschild & Co Redburn from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $250.00 price objective on the information technology services provider’s stock. Rothschild & Co Redburn’s target price points to a potential downside of 1.06% from the stock’s previous close.

A number of other research firms have also recently commented on ACN. Mizuho set a $348.00 price target on Accenture and gave the company an “outperform” rating in a research note on Tuesday, June 24th. UBS Group reiterated a “buy” rating and issued a $395.00 price target (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Benchmark reiterated a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. JPMorgan Chase & Co. reduced their price objective on Accenture from $334.00 to $302.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Barclays reduced their price objective on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $353.76.

Accenture Trading Down 0.6%

Accenture stock opened at $252.69 on Wednesday. The stock has a 50-day moving average of $269.61 and a two-hundred day moving average of $298.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture has a one year low of $236.67 and a one year high of $398.35. The stock has a market cap of $158.26 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.18 and a beta of 1.29.

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

Insider Activity at Accenture

In related news, insider Angela Beatty sold 203 shares of Accenture 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 transaction, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were 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 of the company’s stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by corporate insiders.

Institutional Trading of Accenture

Several institutional investors have recently bought and sold shares of ACN. Brighton Jones LLC boosted its stake in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Accenture by 5.0% in the fourth quarter. Cetera Investment Advisers now owns 107,466 shares of the information technology services provider’s stock worth $37,806,000 after acquiring an additional 5,069 shares during the last quarter. Cornerstone Select Advisors LLC acquired a new stake in shares of Accenture in the fourth quarter worth approximately $224,000. CoreCap Advisors LLC boosted its stake in shares of Accenture by 31.7% in the fourth quarter. CoreCap Advisors LLC now owns 1,089 shares of the information technology services provider’s stock worth $383,000 after acquiring an additional 262 shares during the last quarter. Finally, Colonial Trust Co SC boosted its stake in shares of Accenture by 3.9% in the fourth quarter. Colonial Trust Co SC now owns 18,890 shares of the information technology services provider’s stock worth $6,645,000 after acquiring an additional 706 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

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.