TD Cowen Issues Pessimistic Forecast for Accenture (NYSE:ACN) Stock Price

Accenture (NYSE:ACN) had its price objective cut by stock analysts at TD Cowen from $282.00 to $275.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price target suggests a potential upside of 38.31% from the stock’s previous close.

ACN has been the subject of a number of other reports. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Evercore reiterated an “outperform” rating and issued a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a report on Friday, March 6th. Truist Financial cut their price objective on Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada set a $300.00 target price on Accenture in a report on Thursday, December 18th. Sixteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average target price of $287.38.

Accenture Stock Up 1.1%

NYSE ACN traded up $2.18 during trading on Monday, hitting $198.83. 1,770,605 shares of the company traded hands, compared to its average volume of 6,005,308. The company has a market capitalization of $122.40 billion, a P/E ratio of 16.43, a PEG ratio of 1.87 and a beta of 1.28. The business has a fifty day simple moving average of $241.97 and a 200 day simple moving average of $248.67. Accenture has a 12 month low of $188.73 and a 12 month high of $326.73. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same quarter in the prior year, the firm posted $3.59 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts predict that Accenture will post 12.73 EPS for the current year.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 1,332 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the sale, the general counsel owned 28,207 shares of the company’s stock, valued at $7,756,925. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the sale, the chief executive officer owned 15,255 shares in the company, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,088 shares of company stock valued at $5,970,434 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Accenture

Several large investors have recently made changes to their positions in ACN. Board of the Pension Protection Fund acquired a new position in Accenture in the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new stake in Accenture during the 4th quarter worth approximately $27,000. McMillan Office Inc. acquired a new stake in Accenture during the 4th quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in Accenture in the fourth quarter worth $27,000. Finally, Investors Research Corp increased its stake in shares of Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.