Accenture (NYSE:ACN) Price Target Lowered to $330.00 at Robert W. Baird

Key Points

• Accenture's price target has been lowered from $350.00 to $330.00 by Robert W. Baird, while still maintaining an "outperform" rating on the stock.
• The company reported an earnings beat with $3.03 EPS for the last quarter, surpassing the consensus estimate of $2.98 and registering a revenue of $17.60 billion.
• Multiple brokerages have revised their price targets for Accenture, with an average target price now at $309.25 and a consensus rating of "Moderate Buy".

Accenture (NYSE:ACN - Get Free Report) had its price objective dropped by research analysts at Robert W. Baird from $350.00 to $330.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the information technology services provider's stock. Robert W. Baird's target price indicates a potential upside of 40.34% from the company's current price.

Several other brokerages have also recently weighed in on ACN. JPMorgan Chase & Co. lowered their price target on Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a report on Friday. Barclays dropped 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. Cowen restated a "buy" rating on shares of Accenture in a report on Friday. Rothschild & Co Redburn upped their price objective on Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Finally, TD Cowen cut their price target on Accenture from $313.00 to $295.00 and set a "buy" rating for the company in a research note on Friday. 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Accenture presently has a consensus rating of "Moderate Buy" and an average target price of $309.25.

Accenture Stock Performance

NYSE:ACN traded up $2.59 during trading hours on Friday, hitting $235.15. 654,753 shares of the company were exchanged, compared to its average volume of 3,737,716. Accenture has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company's 50 day moving average price is $254.28 and its 200-day moving average price is $286.89. The stock has a market capitalization of $147.28 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.06 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analysts' expectations of $17.34 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. Accenture's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, research analysts forecast that Accenture will post 12.73 earnings per share for the current year.

Insider Activity at Accenture

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

Hedge Funds Weigh In On Accenture

Several institutional investors and hedge funds have recently modified their holdings of the stock. Redwood Investments LLC raised its holdings in Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock valued at $6,892,000 after acquiring an additional 1,287 shares during the last quarter. Lipe & Dalton raised its holdings in Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock valued at $1,570,000 after acquiring an additional 4,801 shares during the last quarter. Intech Investment Management LLC raised its holdings in Accenture by 40.5% in the 1st quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider's stock valued at $30,777,000 after acquiring an additional 28,446 shares during the last quarter. Park National Corp OH boosted its holdings in Accenture by 4.3% in the second quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider's stock valued at $38,756,000 after acquiring an additional 5,388 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Accenture by 1.5% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 234,066 shares of the information technology services provider's stock worth $69,960,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Company Profile

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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