Accenture (NYSE:ACN) Price Target Cut to $350.00 by Analysts at Robert W. Baird

Accenture (NYSE:ACN) had its price target trimmed by Robert W. Baird from $372.00 to $350.00 in a report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the information technology services provider’s stock.

ACN has been the topic of a number of other reports. Morgan Stanley lowered 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, September 9th. Mizuho set a $348.00 price target on shares of Accenture and gave the stock an “outperform” rating in a research note on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Accenture from $290.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Benchmark reiterated a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. Finally, Rothschild Redb downgraded shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.13.

Accenture Stock Down 0.5%

Accenture stock opened at $236.58 on Tuesday. The company has a market capitalization of $148.18 billion, a P/E ratio of 18.84, a PEG ratio of 2.05 and a beta of 1.29. Accenture has a fifty-two week low of $235.83 and a fifty-two week high of $398.35. The stock has a 50-day simple moving average of $260.63 and a 200-day simple moving average of $291.59. 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 (NYSE:ACN) last announced its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same period last year, the firm posted $3.13 earnings per share. The company’s revenue for the quarter 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. Equities research analysts expect that Accenture will post 12.73 earnings per share for the current year.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 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 $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,954 shares of company stock valued at $834,280. Insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

Institutional investors have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC purchased a new stake in Accenture during the fourth quarter valued at about $30,000. Park Square Financial Group LLC acquired a new position in shares of Accenture in the 4th quarter valued at about $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture during the 1st quarter worth about $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture during the 1st quarter worth approximately $32,000. Finally, RMG Wealth Management LLC purchased a new position in Accenture in the second quarter valued at approximately $33,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

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.