Accenture (NYSE:ACN) Price Target Lowered to $130.00 at BNP Paribas Exane

Accenture (NYSE:ACNGet Free Report) had its target price cut by investment analysts at BNP Paribas Exane from $180.00 to $130.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. BNP Paribas Exane’s target price would indicate a potential upside of 1.86% from the company’s current price.

Other research analysts have also issued research reports about the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $200.00 target price on shares of Accenture in a research report on Monday. Jefferies Financial Group dropped their price target on Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, June 15th. JPMorgan Chase & Co. reduced their price objective on Accenture from $247.00 to $201.00 and set an “overweight” rating on the stock in a research note on Monday, June 8th. Royal Bank Of Canada lowered their target price on shares of Accenture from $253.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday. Finally, UBS Group reissued a “buy” rating on shares of Accenture in a report on Tuesday, June 16th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, Accenture currently has a consensus rating of “Hold” and a consensus target price of $195.00.

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Accenture Stock Up 1.4%

Shares of Accenture stock traded up $1.80 during trading on Friday, reaching $127.62. The company had a trading volume of 1,247,850 shares, compared to its average volume of 6,862,701. The company has a market cap of $84.92 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08. The firm’s fifty day moving average is $171.93 and its 200-day moving average is $214.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. Accenture has a fifty-two week low of $118.15 and a fifty-two week high of $307.77.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. The business had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, analysts anticipate that Accenture will post 13.84 EPS for the current year.

Accenture announced that its board has initiated a share repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were 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. This represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Accenture by 27.7% during the first quarter. Pacer Advisors Inc. now owns 1,794,695 shares of the information technology services provider’s stock valued at $355,870,000 after buying an additional 389,483 shares during the last quarter. Lombard Odier Asset Management Europe Ltd grew its holdings in Accenture by 27.2% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 20,673 shares of the information technology services provider’s stock worth $4,099,000 after buying an additional 4,423 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in Accenture by 0.7% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 15,516 shares of the information technology services provider’s stock worth $3,077,000 after buying an additional 102 shares in the last quarter. Farmers National Bank increased its position in Accenture by 6.0% in the 1st quarter. Farmers National Bank now owns 22,580 shares of the information technology services provider’s stock valued at $4,477,000 after acquiring an additional 1,270 shares during the period. Finally, Financial Solutions Advisory Group Inc. bought a new stake in Accenture during the 1st quarter valued at $939,000. Institutional investors own 75.14% of the company’s stock.

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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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