Accenture (NYSE:ACN) Price Target Lowered to $200.00 at Wells Fargo & Company

by · The Markets Daily

Accenture (NYSE:ACN – Get Free Report) had its target price reduced by investment analysts at Wells Fargo & Company from $248.00 to $200.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. Wells Fargo & Company‘s price target would suggest a potential upside of 57.80% from the stock’s current price.

ACN has been the subject of several other reports. Wolfe Research reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Accenture in a research report on Tuesday. Guggenheim decreased their price target on shares of Accenture from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, June 11th. Citigroup cut their price objective on Accenture from $215.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. TD Cowen reduced their target price on Accenture from $282.00 to $258.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Accenture in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating and thirteen 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 price target of $229.15.

Check Out Our Latest Report on ACN

Accenture Trading Down 18.8%

NYSE ACN opened at $126.75 on Thursday. The stock has a market cap of $84.34 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. Accenture has a fifty-two week low of $125.60 and a fifty-two week high of $307.77. The stock has a 50 day simple moving average of $178.10 and a two-hundred day simple moving average of $219.00. 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:ACN – Get Free Report) last announced its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The company had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.75 billion. During the same quarter in the prior year, the company earned $3.49 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, analysts forecast that Accenture will post 13.83 earnings per share for the current year.

Insiders Place Their Bets

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the transaction, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.

Institutional Trading of Accenture

A number of institutional investors and hedge funds have recently bought and sold shares of ACN. Weitz Investment Management Inc. raised its position in Accenture by 28.8% in the third quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock valued at $39,592,000 after purchasing an additional 35,900 shares during the period. Teacher Retirement System of Texas increased its position in shares of Accenture by 27.7% during the 4th quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock worth $75,752,000 after purchasing an additional 61,314 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Accenture by 197.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock valued at $37,960,000 after buying an additional 93,880 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Accenture by 36.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider’s stock valued at $149,582,000 after buying an additional 149,357 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Accenture by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock valued at $17,726,831,000 after buying an additional 854,361 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Accenture Company Profile

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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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