Deutsche Bank Aktiengesellschaft Cuts Accenture (NYSE:ACN) Price Target to $140.00

Key Points

• Deutsche Bank cut Accenture’s price target sharply from $199 to $140 and kept a hold rating on the stock. The new target still implies about 10.5% upside from the prior close.
• Accenture shares were down about 1% and recently traded near $126.75, close to its 52-week low of $125.60. The stock has fallen well below its 50-day and 200-day moving averages.
• The company recently reported better-than-expected EPS of $3.80 on revenue of $18.72 billion, with revenue up 5.6% year over year. Despite mixed analyst views, the broader consensus remains Moderate Buy with an average target of $216.52.

Accenture (NYSE:ACN - Get Free Report) had its price objective decreased by stock analysts at Deutsche Bank Aktiengesellschaft from $199.00 to $140.00 in a report released on Monday,MarketScreener reports. The firm currently has a "hold" rating on the information technology services provider's stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 10.46% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $190.00 price objective on shares of Accenture in a research report on Thursday. Wells Fargo & Company reissued an "overweight" rating on shares of Accenture in a research report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Accenture from $247.00 to $201.00 and set an "overweight" rating for the company in a research note on Monday, June 8th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Accenture in a research report on Tuesday, June 9th. Finally, Susquehanna decreased their price objective on Accenture from $222.00 to $186.00 and set a "neutral" rating for the company in a report on Tuesday, June 16th. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.52.

Accenture Trading Down 1.0%

Shares of NYSE ACN opened at $126.75 on Monday. Accenture has a 1-year low of $125.60 and a 1-year high of $307.77. The business has a fifty day moving average price of $176.76 and a 200 day moving average price of $218.07. The stock has a market capitalization of $84.34 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.10. The company had revenue of $18.72 billion for the quarter, compared to analyst estimates of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities research analysts expect that Accenture will post 13.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company's stock.

Institutional Investors Weigh In On Accenture

A number of institutional investors and hedge funds have recently modified their holdings of the company. Weitz Investment Management Inc. lifted its position in Accenture by 28.8% during the 3rd quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider's stock worth $39,592,000 after acquiring an additional 35,900 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Accenture by 27.7% in the fourth quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider's stock valued at $75,752,000 after purchasing an additional 61,314 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Accenture by 197.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider's stock worth $37,960,000 after purchasing an additional 93,880 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Accenture by 36.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider's stock worth $149,582,000 after purchasing an additional 149,357 shares during the period. Finally, Vanguard Group Inc. grew its position in Accenture by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider's stock valued at $17,726,831,000 after buying an additional 854,361 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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