Accenture (NYSE:ACN) Price Target Lowered to $199.00 at Deutsche Bank Aktiengesellschaft

Accenture (NYSE:ACN) had its price objective cut by Deutsche Bank Aktiengesellschaft from $210.00 to $199.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 4.93% from the stock’s previous close.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Piper Sandler set a $282.00 price objective on Accenture in a research note on Thursday, March 5th. Truist Financial cut Accenture from a “buy” rating to a “hold” rating and decreased their target price for the company from $260.00 to $210.00 in a research note on Monday. Mizuho lowered their price target on Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Finally, Morgan Stanley cut their price objective on Accenture from $320.00 to $240.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $270.62.

Accenture Trading Up 1.4%

NYSE:ACN opened at $189.66 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture has a 1-year low of $155.82 and a 1-year high of $321.77. The firm has a market capitalization of $126.21 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.77 and a beta of 1.09. The business’s 50-day moving average price is $185.57 and its two-hundred day moving average price is $226.05.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The company had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.Accenture’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 EPS. On average, equities analysts expect that Accenture will post 13.87 earnings per share for the current year.

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the transaction, the chief executive officer owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

A number of institutional investors have recently made changes to their positions in ACN. Triumph Capital Management acquired a new stake in Accenture in the 3rd quarter valued at $26,000. Board of the Pension Protection Fund acquired a new position in Accenture during the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC bought a new position in Accenture in the fourth quarter valued at approximately $27,000. McMillan Office Inc. acquired a new position in shares of Accenture during the 4th quarter worth approximately $27,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Accenture during the 4th quarter worth approximately $27,000. Institutional investors own 75.14% of the company’s stock.

Accenture Company Profile

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.