Accenture's (ACN) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Accenture's stock has been reiterated with a "hold (C-)" rating by Weiss Ratings, amidst a general trend of analysts adjusting price targets lower.
• Accenture reported $3.03 earnings per share for the last quarter, exceeding analysts' expectations and showing a 7.3% revenue growth year-over-year.
• Insider trading revealed significant activity, with CEO Julie Spellman Sweet selling 9,000 shares of the company's stock, representing a 27.68% decrease in her position.

Accenture (NYSE:ACN - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

ACN has been the subject of a number of other research reports. Guggenheim decreased their price objective on shares of Accenture from $305.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, September 26th. BNP Paribas Exane reduced their price target on shares of Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a research report on Wednesday, September 24th. Rothschild Redb downgraded shares of Accenture from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Jefferies Financial Group restated a "hold" rating on shares of Accenture in a research report on Tuesday, September 30th. Finally, Morgan Stanley reduced their price target on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $297.48.

Accenture Price Performance

Shares of Accenture stock traded down $2.21 during trading hours on Friday, reaching $247.60. The stock had a trading volume of 945,880 shares, compared to its average volume of 3,857,563. The stock's 50 day moving average is $247.25 and its 200 day moving average is $277.81. The firm has a market capitalization of $163.03 billion, a PE ratio of 20.36, a PEG ratio of 2.17 and a beta of 1.28. Accenture has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion during 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 company's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts expect that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Activity at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the company's stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the sale, the insider owned 1,860 shares of the company's stock, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the company's stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares of the company's stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,402 shares of company stock valued at $4,595,374. Corporate insiders own 0.02% of the company's stock.

Institutional Trading of Accenture

Several hedge funds have recently made changes to their positions in ACN. Investors Research Corp grew its stake in shares of Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider's stock valued at $26,000 after buying an additional 45 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider's stock valued at $26,000 after buying an additional 61 shares during the period. Davis Capital Management purchased a new stake in shares of Accenture in the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC lifted its holdings in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors 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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