Royal Bank Of Canada Lowers Accenture (NYSE:ACN) Price Target to $285.00

Key Points

• Royal Bank of Canada has reduced its price target for Accenture (NYSE: ACN) from $372.00 to $285.00, maintaining an "outperform" rating.
• Accenture shares are currently trading at $235.15, with a 21.2% potential upside from the new price target.
• The company reported $3.03 earnings per share for the latest quarter, surpassing estimates while also achieving a revenue of $17.60 billion, up 7.3% year-over-year.

Accenture (NYSE:ACN - Get Free Report) had its price target reduced by equities researchers at Royal Bank Of Canada from $372.00 to $285.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the information technology services provider's stock. Royal Bank Of Canada's price objective indicates a potential upside of 21.20% from the stock's previous close.

A number of other analysts have also issued reports on ACN. JPMorgan Chase & Co. decreased their price target on Accenture from $302.00 to $290.00 and set an "overweight" rating on the stock in a research note on Friday. Wolfe Research reduced their price objective on Accenture from $290.00 to $285.00 and set an "outperform" rating on the stock in a research note on Tuesday. Benchmark reissued a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. Stifel Nicolaus reduced their price target on Accenture from $355.00 to $315.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Finally, Cowen reissued a "buy" rating on shares of Accenture in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $309.25.

Accenture Stock Up 1.1%

Shares of Accenture stock traded up $2.59 on Friday, reaching $235.15. 654,753 shares of the company were exchanged, compared to its average volume of 3,737,716. Accenture has a 1-year low of $229.40 and a 1-year high of $398.35. The company has a market cap of $147.28 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The stock's 50 day moving average price is $254.28 and its 200-day moving average price is $286.89.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 26.55% and a net margin of 11.61%.The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts forecast that Accenture will post 12.73 EPS for the current year.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares of the company's stock, valued at $2,290,387.05. This represents a 21.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company's stock.

Institutional Trading of Accenture

A number of hedge funds have recently modified their holdings of the company. Caldwell Trust Co acquired a new stake in Accenture during the 2nd quarter valued at $2,952,000. Valeo Financial Advisors LLC increased its stake in shares of Accenture by 5.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,665 shares of the information technology services provider's stock valued at $2,590,000 after buying an additional 474 shares during the period. Osaic Holdings Inc. increased its stake in shares of Accenture by 41.7% in the 2nd quarter. Osaic Holdings Inc. now owns 101,585 shares of the information technology services provider's stock valued at $30,650,000 after buying an additional 29,914 shares during the period. Total Investment Management Inc. bought a new position in Accenture during the second quarter worth about $50,000. Finally, MASTERINVEST Kapitalanlage GmbH bought a new position in Accenture during the second quarter worth about $1,244,000. 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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