Accenture (NYSE:ACN) Cut to Hold at Rothschild Redb

Key Points

• Rothschild Redb has downgraded Accenture's rating from "strong-buy" to "hold", reflecting concerns over the company's performance.
• Accenture's stock price at the time of the downgrade was $253.76, with a one-year low of $236.67 and a high of $398.35.
• Despite the downgrade, analysts maintain a general positive outlook, with one Strong Buy rating, fifteen Buy ratings, and an average price target of $353.76.

Accenture (NYSE:ACN - Get Free Report) was downgraded by analysts at Rothschild Redb from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

ACN has been the subject of a number of other reports. BMO Capital Markets decreased their price objective on Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a report on Monday, June 23rd. Rothschild & Co Redburn downgraded Accenture from a "buy" rating to a "neutral" rating and set a $250.00 target price on the stock. in a research note on Wednesday, September 3rd. Mizuho set a $348.00 target price on Accenture and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Argus set a $370.00 target price on Accenture in a research note on Tuesday, June 24th. Finally, Barclays cut their target price on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research note on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $348.12.

Accenture Stock Down 1.6%

Accenture stock traded down $4.18 during midday trading on Wednesday, reaching $251.40. The stock had a trading volume of 1,880,535 shares, compared to its average volume of 3,543,394. Accenture has a 12 month low of $236.67 and a 12 month high of $398.35. The company has a market capitalization of $157.46 billion, a P/E ratio of 20.02, a PEG ratio of 2.19 and a beta of 1.30. The company has a fifty day moving average price of $267.93 and a two-hundred day moving average price of $295.99. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The business had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The firm's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 EPS. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. As a group, equities analysts expect that Accenture will post 12.73 EPS for the current fiscal year.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company's stock, valued at $644,582.22. The trade was a 17.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% 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 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Accenture by 2.1% in the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider's stock valued at $19,466,641,000 after acquiring an additional 1,315,548 shares during the last quarter. State Street Corp increased its stake in Accenture by 1.2% in the second quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider's stock valued at $8,373,925,000 after acquiring an additional 326,979 shares during the last quarter. Geode Capital Management LLC increased its stake in Accenture by 1.1% in the second quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider's stock valued at $4,182,331,000 after acquiring an additional 147,931 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Accenture by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,998,826 shares of the information technology services provider's stock valued at $2,689,659,000 after acquiring an additional 56,108 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the last quarter. 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.