Accenture (NYSE:ACN – Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $179.00 to $200.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 12.13% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. Citigroup increased their target price on shares of Accenture from $135.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Royal Bank Of Canada set a $195.00 price target on shares of Accenture in a research note on Tuesday, September 15th. Truist Financial lowered their price objective on shares of Accenture from $210.00 to $150.00 and set a “hold” rating on the stock in a research note on Monday, June 22nd. Wolfe Research boosted their target price on Accenture from $165.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, UBS Group reaffirmed a “buy” rating on shares of Accenture in a research note on Wednesday, August 26th. 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 company’s stock. According to MarketBeat, Accenture presently has an average rating of “Hold” and an average price target of $200.04.
Read Our Latest Report on Accenture
Accenture Stock Performance
Accenture declared that its board has initiated a stock buyback program on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling at Accenture
In related news, General Counsel Joel Unruch sold 10,498 shares of Accenture stock in a transaction 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 transaction, the general counsel directly owned 17,735 shares in the company, valued at $2,890,450.30. The trade was a 37.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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
Several institutional investors and hedge funds have recently bought and sold shares of ACN. State Street Corp lifted its position in shares of Accenture by 0.5% in the 4th quarter. State Street Corp now owns 28,264,675 shares of the information technology services provider’s stock valued at $7,583,462,000 after acquiring an additional 129,610 shares in the last quarter. Capital International Investors grew its position in Accenture by 2.0% during the 4th quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock worth $4,687,867,000 after purchasing an additional 343,420 shares in the last quarter. Franklin Resources Inc. raised its stake 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 valued at $2,192,907,000 after purchasing an additional 1,122,855 shares during the period. Norges Bank purchased a new stake in shares of Accenture in the fourth quarter valued at $2,146,995,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Accenture by 1.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,393,818 shares of the information technology services provider’s stock worth $1,447,161,000 after buying an additional 63,760 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.
Trending Headlines about Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: AI safety partnership adds strategic relevance: Anthropic appointed Accenture as an on-site evaluator to help assess and slow the development of frontier AI systems. The role could strengthen Accenture’s credibility in AI governance and create additional consulting opportunities as companies seek safer AI adoption. Anthropic appoints Accenture as on-site evaluator
- Positive Sentiment: Expansion across AI, cloud and infrastructure: Accenture launched Construct, a global unit focused on large capital projects including airports, power grids, rail networks and advanced manufacturing. The company is also expanding collaborations with AWS and Google Cloud, supporting the longer-term growth narrative around AI, cloud modernization and automation. Accenture launches Construct
- Positive Sentiment: Potentially favorable earnings setup: Recent analysis argues that Accenture has factors that could support an earnings beat in its upcoming quarterly report, giving investors a near-term catalyst to watch. Accenture earnings expected to grow
- Neutral Sentiment: Analyst target raised but rating remains Hold: Jefferies increased its price target to $190, implying moderate upside from recent levels, but retained a Hold rating. BMO Capital likewise maintained its Hold recommendation, signaling limited conviction despite the company’s strategic initiatives. Jefferies raises Accenture price target
- Negative Sentiment: Market pressure and valuation concerns weigh on sentiment: Accenture’s shares fell more than the broader market in the latest session. Commentary also highlighted substantial year-to-date weakness and questioned whether the recent rebound fully reflects the company’s AI opportunity, making investors more sensitive to earnings execution and forward guidance. Accenture declines more than market
About Accenture
Accenture plc is a global professional services company that helps organizations improve business performance through consulting, technology, and managed services. Its offerings include strategy and consulting, technology implementation, operations support, and business process services.
The company provides digital transformation services involving cloud computing, artificial intelligence, data and analytics, cybersecurity, systems integration, and enterprise software. Through its Song and Industry X businesses, Accenture also supports customer experience, marketing, product engineering, and smart manufacturing initiatives.
Accenture serves clients across a broad range of industries, including financial services, health care, public service, communications, media and technology, consumer goods, retail, resources, and industrial markets.
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