Citigroup Cuts Accenture (NYSE:ACN) Price Target to $215.00

Accenture (NYSE:ACN) had its price objective cut by research analysts at Citigroup from $266.00 to $215.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. Citigroup’s target price indicates a potential upside of 11.53% from the company’s previous close.

Other analysts have also issued research reports about the company. Wells Fargo & Company increased their price objective on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Argus lowered their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Susquehanna raised their target price on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Evercore reaffirmed an “outperform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada set a $300.00 price objective on Accenture in a research report on Thursday, December 18th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.42.

Accenture Trading Down 2.0%

Accenture stock traded down $3.95 during mid-day trading on Wednesday, hitting $192.78. The company’s stock had a trading volume of 2,260,731 shares, compared to its average volume of 5,548,569. The business has a 50 day moving average price of $258.67 and a 200-day moving average price of $252.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture has a 12 month low of $188.73 and a 12 month high of $363.01. The stock has a market cap of $118.68 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24.

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

Insider Activity

In other news, COO Catherine Kiernan Hogan sold 660 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $280.93, for a total value of $185,413.80. Following the sale, the chief operating officer directly owned 12,688 shares of the company’s stock, valued at $3,564,439.84. This represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanders Capital LLC bought a new stake in Accenture in the second quarter worth $2,637,640,000. Norges Bank bought a new position in Accenture in the 4th quarter worth about $2,146,995,000. Capital International Investors increased its stake in Accenture by 41.1% during the 3rd quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock valued at $4,223,839,000 after purchasing an additional 4,984,930 shares in the last quarter. Vanguard Group Inc. raised its holdings in Accenture by 2.1% in the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after buying an additional 1,315,548 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Accenture in the third quarter worth approximately $311,694,000. 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.