Accenture (NYSE:ACN) Raised to "Hold" at Wells Fargo & Company

Key Points

• Accenture has been upgraded to a "hold" rating by Wells Fargo & Company, reflecting changes in investor sentiment.
• Recent reports have seen mixed ratings for Accenture, with analysts adjusting price objectives, such as JPMorgan lowering its target from $302.00 to $290.00.
• The company reported strong quarterly earnings with an EPS of $3.03, exceeding expectations, and a year-over-year revenue increase of 7.3%.

Accenture (NYSE:ACN - Get Free Report) was upgraded by Wells Fargo & Company to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

ACN has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price objective 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. Wall Street Zen downgraded shares of Accenture from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Argus set a $370.00 price objective on shares of Accenture in a report on Tuesday, June 24th. Evercore ISI set a $280.00 price objective on shares of Accenture in a report on Thursday, September 25th. Finally, Guggenheim lowered their price objective on shares of Accenture from $305.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $297.48.

Accenture Stock Performance

Shares of ACN stock opened at $249.14 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $164.05 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company's 50 day moving average price is $247.18 and its two-hundred day moving average price is $278.05. Accenture has a 52 week low of $229.40 and a 52 week high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last 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. On average, analysts expect that Accenture will post 12.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Accenture

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp grew its stake in shares of Accenture by 7.0% in the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider's stock valued at $130,376,000 after buying an additional 28,685 shares in the last quarter. Redwood Investments LLC boosted its position in Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock worth $6,892,000 after purchasing an additional 1,287 shares during the period. Lipe & Dalton boosted its position in Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock worth $1,570,000 after purchasing an additional 4,801 shares during the period. PDS Planning Inc boosted its position in Accenture by 34.7% during the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider's stock worth $1,212,000 after purchasing an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider's stock worth $21,187,000 after purchasing an additional 4,281 shares during the period. 75.14% of the stock is owned by institutional investors.

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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