Accenture (NYSE:ACN) Stock Gets Price Target Boost from Susquehanna

Accenture (NYSE:ACN – Get Free Report) had its price target lifted by research analysts at Susquehanna from $140.00 to $153.00 in a report released on Monday, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. Susquehanna’s price target indicates a potential downside of 13.78% from the stock’s previous close.

ACN has been the topic of a number of other research reports. The Goldman Sachs Group lowered their price objective on Accenture from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. UBS Group reissued a “buy” rating on shares of Accenture in a report on Wednesday, August 26th. Truist Financial decreased their price target on Accenture from $210.00 to $150.00 and set a “hold” rating on the stock in a research note on Monday, June 22nd. BMO Capital Markets upped their price objective on Accenture from $150.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, September 23rd. Finally, Stifel Nicolaus cut their price objective on Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $200.52.

View Our Latest Research Report on ACN

Accenture Stock Up 1.7%

Shares of NYSE:ACN opened at $177.46 on Monday. Accenture has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. 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 50-day simple moving average is $177.54 and its 200-day simple moving average is $173.43. The company has a market cap of $118.51 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.44 and a beta of 1.10.

Accenture announced that its Board of Directors has approved a stock buyback program on Tuesday, June 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Accenture

In related news, General Counsel Joel Unruch sold 10,498 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total value of $1,710,964.04. Following the sale, the general counsel owned 17,735 shares in the company, valued at $2,890,450.30. This represents a 37.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Accenture

Institutional investors have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its stake in Accenture by 10.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 516 shares of the information technology services provider’s stock worth $139,000 after acquiring an additional 47 shares during the last quarter. First Command Advisory Services Inc. raised its holdings in shares of Accenture by 10.9% in the 4th quarter. First Command Advisory Services Inc. now owns 499 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 49 shares during the period. Claret Asset Management Corp lifted its stake in shares of Accenture by 4.6% in the 4th quarter. Claret Asset Management Corp now owns 1,143 shares of the information technology services provider’s stock valued at $307,000 after purchasing an additional 50 shares in the last quarter. Hibernia Wealth Partners LLC grew its holdings in shares of Accenture by 4.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 1,354 shares of the information technology services provider’s stock worth $269,000 after purchasing an additional 58 shares during the period. Finally, City National Bank of Florida MSD increased its position in Accenture by 5.8% during the 4th quarter. City National Bank of Florida MSD now owns 1,073 shares of the information technology services provider’s stock worth $288,000 after purchasing an additional 59 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

  • Positive Sentiment: Accenture reported fiscal third-quarter revenue growth of 5.6%, supporting the view that demand is stabilizing and providing a constructive backdrop for upcoming results. Accenture stock reports 5.60 percent fiscal Q3 revenue growth
  • Positive Sentiment: New projects involving supply-chain modernization, Oracle Cloud transformations and AI-enabled operations reinforce Accenture’s ability to convert artificial-intelligence demand into consulting and implementation revenue. Accenture lands supply chain and Oracle Cloud transformation wins
  • Positive Sentiment: Accenture and osapiens are helping DS Smith improve supply-chain transparency and comply with evolving European regulations, while a separate engagement with Sodiaal supports a major international IT integration. These wins add evidence of broad-based enterprise demand. Accenture and osapiens make DS Smith’s global supply chain more transparent
  • Positive Sentiment: Analysts expect year-over-year revenue and earnings growth in fiscal fourth-quarter results, helped by AI-related work, federal recovery and strength in key markets. ACN set to report Q4 earnings
  • Neutral Sentiment: Accenture is scheduled to report fiscal fourth-quarter results on October 1. Options traders anticipate a sizable move, increasing near-term volatility as investors assess earnings and fiscal 2027 guidance. Expected Accenture stock move after earnings
  • Negative Sentiment: The stock has rallied sharply from its June lows, leaving investors divided over whether the recovery is justified. Susquehanna raised its target but retained a neutral rating, with its target below the current share price, highlighting valuation and execution risk.

Accenture Company Profile

(Get Free Report)

Accenture plc (NYSE: ACN) is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.

The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.

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