Accenture (NYSE:ACN) Price Target Cut to $275.00 by Analysts at Guggenheim

Accenture (NYSE:ACNFree Report) had its price objective cut by Guggenheim from $305.00 to $275.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

ACN has been the topic of several other reports. Jefferies Financial Group boosted their price objective on shares of Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. HSBC upped their price target on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Wells Fargo & Company lifted their price objective on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada set a $300.00 target price on Accenture in a report on Thursday, December 18th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $288.35.

View Our Latest Stock Analysis on ACN

Accenture Stock Down 0.2%

Shares of Accenture stock opened at $201.22 on Wednesday. The company has a market cap of $123.87 billion, a P/E ratio of 16.63, a PEG ratio of 1.91 and a beta of 1.27. The firm has a fifty day moving average of $244.68 and a two-hundred day moving average of $249.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture has a one year low of $188.73 and a one year high of $330.00.

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

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 3.2%. Accenture’s dividend payout ratio is 53.88%.

Insider Buying and Selling

In related news, General Counsel Joel Unruch sold 1,332 shares of Accenture stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the transaction, the general counsel owned 28,207 shares in the company, valued at approximately $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the sale, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,088 shares of company stock worth $5,970,434 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

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

More Accenture News

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Accenture Company Profile

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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.

Further Reading

Analyst Recommendations for Accenture (NYSE:ACN)

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