Accenture PLC (NYSE:ACN) Stock Has Consensus Target Price of $200.04 According to Brokerages

Shares of Accenture PLC (NYSE:ACN) have received an average recommendation of “Hold” from the twenty-seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $200.52.

ACN has been the topic of several recent research reports. Stifel Nicolaus cut their price target on Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Berenberg Bank cut their target price on shares of Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. TD Cowen raised their target price on shares of Accenture from $151.00 to $173.00 and gave the company a “hold” rating in a report on Wednesday, August 26th. Royal Bank Of Canada set a $195.00 price target on shares of Accenture in a report on Tuesday, September 15th. Finally, Susquehanna raised their price objective on shares of Accenture from $140.00 to $153.00 and gave the company a “neutral” rating in a report on Monday.

More Accenture News

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: AI alliances could significantly expand bookings. UBS says Accenture is on pace to more than double bookings from emerging alliances, including collaborations with Nvidia, strengthening the case that AI is creating new consulting and implementation work rather than only threatening existing services. Accenture on Pace to More Than Double Bookings With Emerging Alliances, UBS Says
• Positive Sentiment: New transformation projects support revenue visibility. Accenture helped Sodiaal complete a major international IT integration for Yoplait Liberté Canada and also secured supply-chain and Oracle Cloud transformation work. These wins reinforce demand for cloud, enterprise technology and systems-integration services. Accenture Helps Sodiaal Complete International Integration of Yoplait Liberté Canada
• Positive Sentiment: Analysts anticipate year-over-year growth. Earnings previews point to expected revenue and earnings growth, supported by AI demand, improving federal activity and strength in several markets. Recent reports also cite approximately 5.6% fiscal third-quarter revenue growth. ACN Set to Report Q4 Earnings: Here’s What Investors Should Know
• Neutral Sentiment: Earnings-related volatility is likely to remain high. Options traders expect a substantial move around the upcoming report, while analysts have raised price targets but remain divided over whether the recent rally already reflects the AI opportunity. Here’s How Much Traders See Accenture Stock Moving After Earnings
• Negative Sentiment: “SaaSpocalypse” concerns remain an overhang. Investors are weighing whether AI-powered software will reduce demand for traditional consulting and technology services. Accenture’s earnings outlook therefore depends on proving that new AI-related work and bookings can offset potential disruption to its legacy business. Accenture Q4 Preview: SaaSpocalypse Concerns Persist, but AI Tailwinds Offer Optimism

Insiders Place Their Bets

In other Accenture news, General Counsel Joel Unruch sold 10,498 shares of Accenture stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the completion of the sale, the general counsel directly owned 17,735 shares of the company’s stock, valued at $2,890,450.30. The trade was a 37.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Investors Weigh In On Accenture

Several institutional investors have recently added to or reduced their stakes in ACN. State Street Corp raised its holdings in Accenture by 0.5% during the fourth quarter. State Street Corp now owns 28,264,675 shares of the information technology services provider’s stock worth $7,583,462,000 after purchasing an additional 129,610 shares in the last quarter. Capital International Investors grew its position in shares of Accenture by 2.0% in the 4th quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock valued at $4,687,867,000 after buying an additional 343,420 shares during 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 worth $2,192,907,000 after acquiring an additional 1,122,855 shares in the last quarter. Norges Bank purchased a new stake in 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 stake in 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 valued at $1,447,161,000 after acquiring an additional 63,760 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 3.6%

Shares of NYSE ACN opened at $183.53 on Friday. The stock has a market cap of $122.56 billion, a P/E ratio of 14.66, a PEG ratio of 1.46 and a beta of 1.10. The business’s fifty day simple moving average is $178.40 and its 200-day simple moving average is $173.35. Accenture has a 12-month low of $118.15 and a 12-month high of $291.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15.

Accenture declared that its board has approved a stock repurchase plan 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 buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Accenture Company Profile

Accenture plc (NYSE: ACN) is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.

The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.