TD Cowen Has Lowered Expectations for Accenture (NYSE:ACN) Stock Price

Key Points

• TD Cowen has reduced its price target for Accenture from $342 to $313, still maintaining a "buy" rating, indicating a potential upside of 25% from the previous close.
• In addition to TD Cowen, other analysts like Morgan Stanley and HSBC have also lowered their price targets and ratings for the stock, with HSBC issuing a "reduce" rating and a target of $240.
• Despite recent downgrades, Accenture reported better-than-expected earnings, with $3.49 EPS for the last quarter, surpassing analysts' expectations of $3.32.

Accenture (NYSE:ACN - Get Free Report) had its price objective decreased by equities research analysts at TD Cowen from $342.00 to $313.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the information technology services provider's stock. TD Cowen's price target suggests a potential upside of 25.00% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Morgan Stanley dropped their price objective on Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a report on Tuesday. Argus set a $370.00 price objective on Accenture in a research report on Tuesday, June 24th. Hsbc Global Res upgraded Accenture to a "moderate sell" rating in a research report on Monday, July 28th. Benchmark reissued a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Finally, HSBC began coverage on shares of Accenture in a report on Monday, July 28th. They set a "reduce" rating and a $240.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Accenture has an average rating of "Moderate Buy" and a consensus target price of $348.12.

Accenture Stock Performance

Shares of NYSE:ACN traded down $5.17 during trading on Tuesday, reaching $250.40. 1,195,133 shares of the stock were exchanged, compared to its average volume of 3,539,386. Accenture has a 12 month low of $236.67 and a 12 month high of $398.35. The stock has a 50-day moving average price of $267.93 and a 200-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. The firm has a market cap of $156.83 billion, a PE ratio of 19.97, a PEG ratio of 2.19 and a beta of 1.30.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share 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 company had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter last year, the firm earned $3.13 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. Research analysts expect that Accenture will post 12.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the 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 completion of the sale, the chief executive officer owned 8,109 shares of the company's stock, valued at approximately $2,290,387.05. This represents a 21.73% 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 firm'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 $57,315.02. Following the transaction, the insider owned 5,249 shares of the company's stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by company insiders.

Institutional Trading of Accenture

Hedge funds have recently modified their holdings of the stock. Lipe & Dalton raised its holdings in shares of Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock worth $1,570,000 after acquiring an additional 4,801 shares during the last quarter. United Bank bought a new stake in Accenture during the 1st quarter worth approximately $758,000. Exchange Traded Concepts LLC increased its position in shares of Accenture by 62.2% in the first quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock worth $282,000 after purchasing an additional 347 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in Accenture during the first quarter worth about $35,934,000. Finally, Clearstead Trust LLC lifted its holdings in shares of Accenture by 15.2% in the 1st quarter. Clearstead Trust LLC now owns 3,479 shares of the information technology services provider's stock worth $1,086,000 after acquiring an additional 458 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

About Accenture

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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