Accenture (NYSE:ACN) Price Target Cut to $180.00 by Analysts at BNP Paribas Exane

Accenture (NYSE:ACNGet Free Report) had its price target decreased by equities research analysts at BNP Paribas Exane from $210.00 to $180.00 in a research note issued on Thursday,MarketScreener reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. BNP Paribas Exane’s price objective points to a potential upside of 15.23% from the company’s current price.

A number of other brokerages have also recently commented on ACN. Oppenheimer set a $201.00 target price on shares of Accenture in a report on Monday, June 8th. Susquehanna decreased their target price on shares of Accenture from $222.00 to $186.00 and set a “neutral” rating for the company in a report on Tuesday. Jefferies Financial Group decreased their price target on Accenture from $210.00 to $185.00 and set a “hold” rating for the company in a research note on Monday. Truist Financial downgraded Accenture from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $260.00 to $210.00 in a report on Monday, June 1st. Finally, Citigroup reduced their price target on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $239.63.

Read Our Latest Stock Report on ACN

Accenture Price Performance

ACN stock opened at $156.21 on Thursday. The firm has a market cap of $103.95 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.57 and a beta of 1.08. The firm’s fifty day moving average is $179.51 and its 200 day moving average is $219.86. Accenture has a 52 week low of $155.82 and a 52 week high of $314.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating 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 10.61% and a return on equity of 26.33%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Research analysts predict that Accenture will post 13.83 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale 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.

Institutional Investors Weigh In On Accenture

Several hedge funds have recently modified their holdings of ACN. Norges Bank purchased a new stake in Accenture during the fourth quarter worth $2,146,995,000. Capital International Investors boosted its holdings in Accenture by 41.1% in the third quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock worth $4,223,839,000 after acquiring an additional 4,984,930 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Accenture by 120.0% during the first quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock valued at $690,475,000 after acquiring an additional 1,899,305 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Accenture in the 3rd quarter worth approximately $311,694,000. Finally, Franklin Resources Inc. grew its position in Accenture by 15.9% during the 4th quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider’s stock worth $2,192,907,000 after purchasing an additional 1,122,855 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Key Stories Impacting Accenture

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Accenture Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Accenture (NYSE:ACN)

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