Accenture (NYSE:ACN) Price Target Lowered to $290.00 at JPMorgan Chase & Co.

Accenture (NYSE:ACN) had its price objective reduced by JPMorgan Chase & Co. from $302.00 to $290.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information technology services provider’s stock.

Several other research firms have also issued reports on ACN. UBS Group cut their target price on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday. Benchmark reiterated a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Wolfe Research cut their target price on Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a research note on Tuesday. Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus cut their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $301.91.

Accenture Stock Performance

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

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 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 firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the firm posted $2.66 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts expect that Accenture will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

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

Insider Buying and Selling

In related news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction dated 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 sale, the insider owned 5,249 shares of the company’s stock, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at $2,290,387.05. This trade represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 over the last quarter. 0.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Accenture

A number of institutional investors and hedge funds have recently modified their holdings of ACN. Sanders Capital LLC acquired a new position in Accenture in the second quarter valued at approximately $2,637,640,000. Norges Bank acquired a new position in Accenture in the second quarter valued at approximately $2,216,850,000. Price T Rowe Associates Inc. MD lifted its holdings in Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the period. Vanguard Group Inc. lifted its holdings in Accenture by 5.7% in the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after acquiring an additional 3,419,577 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Accenture by 30,256.8% in the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock valued at $1,067,651,000 after acquiring an additional 3,410,248 shares during the period. Institutional investors and hedge funds 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.