Accenture PLC (NYSE:ACN - Free Report) - Research analysts at Zacks Research cut their Q3 2026 EPS estimates for Accenture in a note issued to investors on Wednesday, August 13th. Zacks Research analyst Team now forecasts that the information technology services provider will post earnings per share of $3.48 for the quarter, down from their previous forecast of $3.49. The consensus estimate for Accenture's current full-year earnings is $12.73 per share.
Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business 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 EPS. The business's revenue was up 7.7% compared to the same quarter last year.
Several other research analysts also recently issued reports on ACN. JPMorgan Chase & Co. raised their price objective on shares of Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Morgan Stanley reduced their target price on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 24th. Barclays reduced their target price on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research report on Monday, June 23rd. UBS Group reissued a "buy" rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Finally, Guggenheim decreased their target price on shares of Accenture from $360.00 to $335.00 and set a "buy" rating for the company in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and an average target price of $360.21.
Read Our Latest Analysis on Accenture
Accenture Stock Up 0.7%
ACN traded up $1.69 during trading hours on Friday, hitting $247.85. 1,173,444 shares of the company's stock were exchanged, compared to its average volume of 3,528,174. Accenture has a 12-month low of $236.67 and a 12-month high of $398.35. The firm has a 50 day moving average of $285.33 and a 200 day moving average of $312.52. 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 $155.23 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29.
Institutional Investors Weigh In On Accenture
Hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Accenture in the fourth quarter valued at approximately $30,000. Park Square Financial Group LLC purchased a new position in shares of Accenture during the fourth quarter valued at about $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture in the first quarter worth about $31,000. Inlight Wealth Management LLC purchased a new stake in shares of Accenture in the 1st quarter worth $32,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Accenture during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 75.14% of the company's stock.
Insider Activity
In other news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction 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 completion of the sale, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by company insiders.
Accenture Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, July 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.4%. Accenture's dividend payout ratio (DPR) is 47.13%.
Accenture Company Profile
(
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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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