Accenture (NYSE:ACN) Given New $335.00 Price Target at Argus

Accenture (NYSE:ACN) had its target price decreased by Argus from $370.00 to $335.00 in a research report released on Monday morning,MarketScreener reports. Argus currently has a buy rating on the information technology services provider’s stock.

A number of other equities research analysts have also commented on the company. TD Cowen increased their price target on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wolfe Research increased their target price on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. cut their price target on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. HSBC increased their price objective on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $330.00 target price on shares of Accenture in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average price target of $296.83.

Accenture Trading Up 0.1%

ACN opened at $271.35 on Monday. Accenture has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization of $167.04 billion, a PE ratio of 22.43, a P/E/G ratio of 2.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company’s 50-day moving average is $256.45 and its 200 day moving average is $261.34.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the company posted $3.59 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, research analysts predict that Accenture will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is 53.88%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the transaction, the chief executive officer directly owned 23,516 shares in the company, valued at $5,868,888.12. This represents a 27.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,319 shares of company stock valued at $8,335,225. Company insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Accenture

A number of institutional investors and hedge funds have recently modified their holdings of ACN. Triumph Capital Management purchased a new stake in Accenture in the 3rd quarter worth approximately $26,000. Strategic Investment Advisors MI grew its position in shares of Accenture by 6.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 2,168 shares of the information technology services provider’s stock valued at $535,000 after purchasing an additional 138 shares in the last quarter. Keel Point LLC increased its holdings in shares of Accenture by 7.4% in the third quarter. Keel Point LLC now owns 22,828 shares of the information technology services provider’s stock worth $5,629,000 after purchasing an additional 1,581 shares during the period. Farmers National Bank raised its position in shares of Accenture by 20.8% in the third quarter. Farmers National Bank now owns 21,769 shares of the information technology services provider’s stock worth $5,368,000 after buying an additional 3,741 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its position in Accenture by 121.6% during the third quarter. Hudson Bay Capital Management LP now owns 2,804 shares of the information technology services provider’s stock worth $691,000 after buying an additional 15,766 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.