Accenture (NYSE:ACN) Price Target Lowered to $271.00 at Morgan Stanley

Accenture (NYSE:ACN) had its price objective decreased by Morgan Stanley from $325.00 to $271.00 in a report issued on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the information technology services provider’s stock.

ACN has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on Accenture from $334.00 to $302.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Barclays decreased their target price on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. Mizuho set a $348.00 target price on Accenture and gave the company an “outperform” rating in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Accenture in a report on Thursday, July 17th. They set a “hold” rating and a $290.00 price target for the company. Finally, Argus set a $370.00 price target on Accenture in a report on Tuesday, June 24th. One equities 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $348.12.

Accenture Trading Down 1.4%

ACN opened at $252.07 on Tuesday. The firm has a market cap of $157.88 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.19 and a beta of 1.29. The business has a fifty day simple moving average of $266.92 and a 200-day simple moving average of $295.69. Accenture has a 52 week low of $236.67 and a 52 week high of $398.35. 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 (NYSE:ACN) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.Accenture’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities analysts expect that Accenture will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 10th were given a dividend of $1.48 per share. The ex-dividend date was Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 2.3%. Accenture’s payout ratio is presently 47.13%.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business’s 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 $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 203 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,954 shares of company stock worth $834,280. Company insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Accenture

Several institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in shares of Accenture by 41.7% during the 2nd quarter. Osaic Holdings Inc. now owns 101,585 shares of the information technology services provider’s stock worth $30,650,000 after acquiring an additional 29,914 shares in the last quarter. Total Investment Management Inc. purchased a new stake in shares of Accenture during the 2nd quarter worth approximately $50,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Accenture during the 2nd quarter worth approximately $1,244,000. Promus Capital LLC boosted its stake in shares of Accenture by 21.9% during the 2nd quarter. Promus Capital LLC now owns 2,280 shares of the information technology services provider’s stock worth $682,000 after acquiring an additional 410 shares in the last quarter. Finally, Silverlake Wealth Management LLC lifted its stake in Accenture by 10.3% in the 2nd quarter. Silverlake Wealth Management LLC now owns 718 shares of the information technology services provider’s stock valued at $215,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

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.