TD Cowen Lowers Accenture (NYSE:ACN) Price Target to $313.00

by · The Cerbat Gem

Accenture (NYSE:ACN – Free Report) had its price objective trimmed by TD Cowen from $342.00 to $313.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Accenture from $334.00 to $302.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. HSBC initiated coverage on Accenture in a research note on Monday, July 28th. They issued a “reduce” rating and a $240.00 price objective for the company. Argus set a $370.00 price objective on Accenture in a research note on Tuesday, June 24th. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Evercore ISI began coverage on Accenture in a research report on Thursday, July 17th. They set an “outperform” rating and a $330.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $346.92.

Check Out Our Latest Report on Accenture

Accenture Stock Up 0.4%

ACN stock opened at $243.99 on Tuesday. The stock’s 50 day simple moving average is $264.53 and its 200 day simple moving average is $294.50. Accenture has a fifty-two week low of $236.67 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $152.82 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29.

Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.13 earnings per share. Accenture has set its Q4 2025 guidance at EPS. FY 2025 guidance at 12.770-12.890 EPS. On average, research analysts expect that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Beatty sold 203 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

A number of large investors have recently made changes to their positions in the stock. Visionary Wealth Advisors boosted its holdings in shares of Accenture by 3.5% in the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider’s stock worth $274,000 after acquiring an additional 26 shares during the period. Vivaldi Capital Management LP boosted its holdings in shares of Accenture by 3.6% in the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider’s stock worth $292,000 after acquiring an additional 27 shares during the period. Sentinus LLC boosted its holdings in shares of Accenture by 4.2% in the fourth quarter. Sentinus LLC now owns 763 shares of the information technology services provider’s stock worth $268,000 after acquiring an additional 31 shares during the period. Stonebrook Private Inc. boosted its holdings in shares of Accenture by 3.1% in the fourth quarter. Stonebrook Private Inc. now owns 1,103 shares of the information technology services provider’s stock worth $388,000 after acquiring an additional 33 shares during the period. Finally, Viawealth LLC boosted its holdings in shares of Accenture by 2.6% in the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after acquiring an additional 33 shares during the period. 75.14% of the stock is owned by institutional investors.

Accenture Company Profile

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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.

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