Robert W. Baird Cuts Accenture (NYSE:ACN) Price Target to $350.00

Key Points

• Robert W. Baird has reduced its price target for Accenture (NYSE: ACN) from $372.00 to $350.00, while maintaining an "outperform" rating on the stock, indicating a potential upside of 46.83% from its current price.
• Other analysts, including BMO Capital Markets and Barclays, have also lowered their price targets for Accenture, with the average target now sitting at $345.32 and a consensus rating of "Moderate Buy."
• Accenture recently reported quarterly earnings of $3.49 per share, exceeding estimates, and had revenues of $17.73 billion, which is a 7.7% increase year-over-year.

Accenture (NYSE:ACN - Get Free Report) had its target price dropped by research analysts at Robert W. Baird from $372.00 to $350.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the information technology services provider's stock. Robert W. Baird's price target indicates a potential upside of 46.83% from the stock's current price.

Several other analysts also recently commented on ACN. BMO Capital Markets reduced their price objective on Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research note on Monday, June 23rd. Argus set a $370.00 target price on Accenture in a research note on Tuesday, June 24th. Evercore ISI initiated coverage on Accenture in a research note on Thursday, July 17th. They set an "outperform" rating and a $330.00 target price for the company. Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a report on Monday, June 23rd. Finally, Mizuho set a $348.00 price target on Accenture and gave the stock an "outperform" rating in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Accenture currently has an average rating of "Moderate Buy" and an average price target of $345.32.

Accenture Stock Up 0.2%

Shares of ACN opened at $238.36 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average is $261.96 and its two-hundred day moving average is $291.97. The firm has a market cap of $149.29 billion, a P/E ratio of 18.86, a PEG ratio of 2.05 and a beta of 1.29. Accenture has a 12 month low of $235.92 and a 12 month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The firm had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter last year, the business posted $3.13 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Analysts predict that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Accenture

In other news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 203 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 over the last three months. 0.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Accenture

A number of large investors have recently bought and sold shares of the business. Visionary Wealth Advisors boosted its holdings in Accenture by 3.5% in the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock worth $274,000 after purchasing an additional 26 shares in the last quarter. Vivaldi Capital Management LP lifted its position in Accenture by 3.6% during the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock worth $292,000 after acquiring an additional 27 shares during the last quarter. Viawealth LLC raised its position in shares of Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock valued at $408,000 after buying an additional 33 shares during the last quarter. Aprio Wealth Management LLC raised its position in shares of Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider's stock valued at $512,000 after buying an additional 33 shares during the last quarter. Finally, First National Advisers LLC raised its position in shares of Accenture by 0.4% during the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider's stock valued at $2,939,000 after buying an additional 34 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.