Accenture (NYSE:ACN – Get Free Report) had its price target lowered by Deutsche Bank Aktiengesellschaft from $199.00 to $140.00 in a report released on Monday,MarketScreener reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 10.46% from the stock’s current price.
Other analysts also recently issued reports about the company. Oppenheimer set a $201.00 price target on Accenture in a research note on Monday, June 8th. Evercore set a $180.00 price objective on Accenture in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating on the stock in a research report on Monday, June 8th. TD Cowen cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Argus cut their price target on shares of Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a report on Monday. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $216.52.
Read Our Latest Stock Report on Accenture
Accenture Trading Down 1.0%
Accenture (NYSE:ACN – Get Free Report) last released its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.10. The company had revenue of $18.72 billion for the quarter, compared to analysts’ expectations of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities research analysts expect that Accenture will post 13.85 EPS for the current year.
Insider Activity at Accenture
In other news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction that occurred 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 directly owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Accenture
A number of large investors have recently bought and sold shares of the stock. Weitz Investment Management Inc. increased its position in Accenture by 28.8% during the 3rd quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after purchasing an additional 35,900 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Accenture by 27.7% in the 4th quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock valued at $75,752,000 after purchasing an additional 61,314 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Accenture by 197.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock worth $37,960,000 after purchasing an additional 93,880 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Accenture by 36.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider’s stock worth $149,582,000 after purchasing an additional 149,357 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Accenture by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock worth $17,726,831,000 after buying an additional 854,361 shares in the last quarter. Institutional investors and hedge funds 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.
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