Argus Lowers Accenture (NYSE:ACN) Price Target to $220.00

Accenture (NYSE:ACN) had its price target cut by investment analysts at Argus from $335.00 to $220.00 in a research report issued on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Argus’ price objective would indicate a potential upside of 73.58% from the company’s previous close.

ACN has been the subject of a number of other reports. BNP Paribas Exane decreased their price target on shares of Accenture from $210.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday. Truist Financial lowered Accenture from a “buy” rating to a “hold” rating and decreased their target price for the stock from $260.00 to $210.00 in a research report on Monday, June 1st. Evercore set a $180.00 target price on Accenture in a research note on Thursday. Morgan Stanley dropped their price target on Accenture from $177.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Citigroup decreased their price objective on Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Fourteen analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.52.

Accenture Stock Performance

NYSE:ACN opened at $126.75 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $176.76 and its 200 day simple moving average is $218.07. The stock has a market cap of $84.34 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. Accenture has a twelve month low of $125.60 and a twelve month high of $307.77.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping the consensus estimate of $3.70 by $0.10. The business had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts predict that Accenture will post 13.85 EPS for the current year.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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.

Hedge Funds Weigh In On Accenture

Several large investors have recently modified their holdings of ACN. Triumph Capital Management bought a new position in shares of Accenture in the third quarter worth approximately $26,000. Board of the Pension Protection Fund bought a new stake in shares of Accenture during the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC purchased a new position in Accenture in the 4th quarter worth approximately $27,000. McMillan Office Inc. bought a new position in Accenture in the 4th quarter valued at approximately $27,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in Accenture during the 4th quarter valued at $27,000. Hedge funds and other 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.