Truist Financial Lowers Accenture (NYSE:ACN) Price Target to $260.00

Accenture (NYSE:ACNGet Free Report) had its target price reduced by research analysts at Truist Financial from $317.00 to $260.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Truist Financial’s target price suggests a potential upside of 29.21% from the stock’s current price.

Several other research analysts also recently issued reports on ACN. HSBC lifted their price objective on Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. TD Cowen reissued a “buy” rating on shares of Accenture in a research report on Thursday, March 5th. Berenberg Bank assumed coverage on Accenture in a research report on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price objective on the stock. Wells Fargo & Company increased their price objective on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Citigroup cut their target price on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.35.

Read Our Latest Analysis on Accenture

Accenture Price Performance

ACN stock opened at $201.22 on Tuesday. The business has a 50 day moving average price of $244.68 and a 200 day moving average price of $249.57. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market cap of $123.87 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.91 and a beta of 1.27. Accenture has a fifty-two week low of $188.73 and a fifty-two week high of $330.00.

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

Insider Activity at Accenture

In related news, CEO John F. Walsh sold 3,986 shares of Accenture stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the sale, the chief executive officer owned 27,221 shares in the company, valued at approximately $7,523,339.98. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Unruch sold 1,026 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the sale, the general counsel directly owned 27,181 shares of the company’s stock, valued at $7,656,887.70. The trade was a 3.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,088 shares of company stock worth $5,970,434 over the last ninety days. Company insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meadowbrook Advisors Group LLC acquired a new stake in Accenture in the fourth quarter worth approximately $742,000. Advisortrust Partners LLC bought a new stake in shares of Accenture in the 4th quarter worth $329,000. Corient Private Wealth LLC lifted its holdings in shares of Accenture by 13.0% in the fourth quarter. Corient Private Wealth LLC now owns 858,372 shares of the information technology services provider’s stock valued at $230,341,000 after buying an additional 98,783 shares during the period. Union Savings Bank bought a new position in Accenture during the fourth quarter valued at about $974,000. Finally, Hsbc Holdings PLC grew its holdings in Accenture by 77.1% during the fourth quarter. Hsbc Holdings PLC now owns 843,356 shares of the information technology services provider’s stock worth $226,790,000 after acquiring an additional 367,163 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Key Accenture News

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About Accenture

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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.

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