Wolfe Research Increases Accenture (NYSE:ACN) Price Target to $300.00

Accenture (NYSE:ACN) had its target price increased by Wolfe Research from $285.00 to $300.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the information technology services provider’s stock. Wolfe Research’s price objective points to a potential upside of 20.20% from the stock’s previous close.

Several other analysts also recently issued reports on ACN. Argus set a $370.00 price objective on shares of Accenture in a report on Tuesday, June 24th. HSBC decreased their price target on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company started coverage on Accenture in a research note on Tuesday. They set an “equal weight” rating and a $251.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $297.48.

Accenture Price Performance

Shares of NYSE:ACN opened at $249.59 on Wednesday. The stock has a market capitalization of $164.35 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.17 and a beta of 1.28. The business has a 50-day moving average of $247.25 and a two-hundred day moving average of $277.81. Accenture has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities research analysts predict that Accenture will post 12.73 EPS for the current fiscal year.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the sale, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,402 shares of company stock valued at $4,595,374. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Accenture by 9.7% in the first quarter. International Assets Investment Management LLC now owns 1,585 shares of the information technology services provider’s stock worth $495,000 after purchasing an additional 140 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in shares of Accenture by 24.1% during the first quarter. Archford Capital Strategies LLC now owns 7,296 shares of the information technology services provider’s stock worth $2,277,000 after purchasing an additional 1,419 shares during the last quarter. Field & Main Bank increased its stake in shares of Accenture by 5.1% in the first quarter. Field & Main Bank now owns 5,800 shares of the information technology services provider’s stock valued at $1,810,000 after buying an additional 280 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in Accenture by 0.7% during the 1st quarter. Daymark Wealth Partners LLC now owns 5,891 shares of the information technology services provider’s stock worth $1,838,000 after buying an additional 41 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

About Accenture

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.