Morgan Stanley Lowers Accenture (NYSE:ACN) Price Target to $130.00

Accenture (NYSE:ACN) had its price objective dropped by analysts at Morgan Stanley from $177.00 to $130.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 2.57% from the company’s current price.

A number of other research analysts have also recently issued reports on ACN. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Accenture from $210.00 to $199.00 and set a “hold” rating for the company in a report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research report on Tuesday, June 9th. Stifel Nicolaus decreased their price target on shares of Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Piper Sandler set a $282.00 price objective on shares of Accenture in a research report on Thursday, March 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $150.00 price objective on shares of Accenture in a research note on Friday. Fourteen research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average price target of $224.44.

Accenture Stock Down 1.0%

Shares of Accenture stock opened at $126.75 on Monday. The stock has a market cap of $84.34 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. Accenture has a 12 month low of $125.60 and a 12 month high of $307.77. The business has a fifty day simple moving average of $176.76 and a 200 day simple moving average of $218.07. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

Accenture (NYSE:ACN) last announced its quarterly 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. The company had revenue of $18.72 billion during the quarter, compared to analysts’ expectations of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.Accenture’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Research analysts predict that Accenture will post 13.85 EPS for the current year.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction dated 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. This represents a 27.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ACN. Pacer Advisors Inc. raised its position in Accenture by 27.7% in the 1st 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 boosted its position in Accenture by 27.2% during 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 acquiring an additional 4,423 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in shares of Accenture by 0.7% during 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 acquiring an additional 102 shares in the last quarter. Farmers National Bank grew its stake in shares of Accenture by 6.0% during the 1st quarter. Farmers National Bank now owns 22,580 shares of the information technology services provider’s stock worth $4,477,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in shares of Accenture in the first quarter valued at approximately $939,000. 75.14% of the stock is owned by institutional investors and hedge funds.

About Accenture

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.