Accenture (NYSE:ACN) Given New $235.00 Price Target at HSBC

by · The Markets Daily

Accenture (NYSE:ACN – Get Free Report) had its target price upped by stock analysts at HSBC from $215.00 to $235.00 in a research report issued to clients and investors on Friday,MarketScreener reports. HSBC’s price objective indicates a potential downside of 12.91% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Mizuho lowered their target price on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.08.

Check Out Our Latest Stock Analysis on ACN

Accenture Trading Down 1.4%

Shares of NYSE:ACN opened at $269.84 on Friday. Accenture has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $177.68 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. The firm has a fifty day moving average of $252.18 and a two-hundred day moving average of $264.34.

Accenture (NYSE:ACN – Get Free Report) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities analysts expect that Accenture will post 12.73 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at $5,868,888.12. This represents a 27.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 33,319 shares of company stock worth $8,335,225. Insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of Accenture during the second quarter worth $2,658,000. C WorldWide Group Holding A S raised its position in shares of Accenture by 35.9% in the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after buying an additional 2,151 shares in the last quarter. Truist Financial Corp boosted its position in shares of Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after acquiring an additional 28,685 shares in the last quarter. Norges Bank bought a new position in Accenture in the second quarter valued at approximately $2,216,850,000. Finally, Redwood Investments LLC boosted its holdings in shares of Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Company Profile

(Get Free Report)

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.

Further Reading