Accenture (NYSE:ACN) Price Target Lowered to $260.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has reduced its price target for Accenture from $290.00 to $260.00, maintaining a "hold" rating, indicating a potential upside of 6.99% from its current price.
• Accenture has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a consensus price target of $346.92, highlighting varying views on the company's stock prospects.
• The company recently reported quarterly earnings of $3.49 per share, exceeding estimates, with a year-over-year revenue increase of 7.7%, showcasing its growth potential despite the lowered price target.

Accenture (NYSE:ACN - Get Free Report) had its price objective cut by equities researchers at Deutsche Bank Aktiengesellschaft from $290.00 to $260.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the information technology services provider's stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 6.99% from the company's current price.

A number of other equities analysts have also issued reports on ACN. HSBC assumed coverage on Accenture in a research note on Monday, July 28th. They set a "reduce" rating and a $240.00 price target for the company. Barclays decreased their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Rothschild & Co Redburn downgraded Accenture from a "buy" rating to a "neutral" rating and set a $250.00 price objective for the company. in a research report on Wednesday, September 3rd. TD Cowen cut their price objective on Accenture from $342.00 to $313.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Hsbc Global Res upgraded Accenture to a "moderate sell" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $346.92.

Accenture Stock Performance

Shares of ACN stock opened at $243.01 on Thursday. Accenture has a 12-month low of $236.67 and a 12-month high of $398.35. The firm has a market capitalization of $152.21 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29. The business has a 50 day simple moving average of $265.74 and a 200 day simple moving average of $295.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, equities research analysts anticipate that Accenture will post 12.73 EPS for the current year.

Insider Transactions at Accenture

In other news, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Accenture

Several hedge funds have recently bought and sold shares of ACN. Mpwm Advisory Solutions LLC acquired a new position in Accenture during the fourth quarter worth $30,000. Park Square Financial Group LLC acquired a new position in Accenture during the fourth quarter worth $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter worth $31,000. Inlight Wealth Management LLC acquired a new position in Accenture during the first quarter worth $32,000. Finally, RMG Wealth Management LLC acquired a new position in Accenture during the second quarter worth $33,000. 75.14% of the stock is owned by institutional investors and hedge funds.

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.

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