Accenture (NYSE:ACN) Stock Rating Lowered by Wall Street Zen

Key Points

• Accenture has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, reflecting a shift in confidence from analysts.
• Multiple brokerages have also lowered their price targets for Accenture, with UBS Group reducing it from $363 to $315, and BMO Capital Markets cutting it from $325 to $270.
• Despite these downgrades, Accenture reported quarterly earnings that beat estimates, with an EPS of $3.03 compared to the expected $2.98, and a revenue of $17.60 billion.

Accenture (NYSE:ACN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Several other brokerages also recently commented on ACN. UBS Group cut their price objective on Accenture from $363.00 to $315.00 and set a "buy" rating on the stock in a research report on Wednesday, September 24th. JPMorgan Chase & Co. cut their price objective on Accenture from $302.00 to $290.00 and set an "overweight" rating on the stock in a research report on Friday, September 26th. Barclays cut their price objective on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research report on Monday, June 23rd. Cowen reaffirmed a "buy" rating on shares of Accenture in a research report on Friday, September 26th. Finally, BMO Capital Markets cut their price objective on Accenture from $325.00 to $270.00 and set a "market perform" rating on the stock in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $300.22.

Accenture Stock Performance

NYSE ACN opened at $241.11 on Friday. The company has a market cap of $151.01 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The business's 50 day moving average price is $247.45 and its 200-day moving average price is $281.57. Accenture has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 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 the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior 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. Sell-side analysts predict that Accenture will post 12.73 earnings per share for the current year.

Institutional Investors Weigh In On Accenture

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Accenture by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider's stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares during the last quarter. State Street Corp lifted its stake in shares of Accenture by 1.2% during the 2nd quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider's stock worth $8,373,925,000 after purchasing an additional 326,979 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Accenture by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider's stock worth $4,182,331,000 after purchasing an additional 147,931 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Accenture by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,998,826 shares of the information technology services provider's stock worth $2,689,659,000 after purchasing an additional 56,108 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock worth $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other 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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