Accenture (NYSE:ACN) Stock Price Target Raised at Truist Financial

Accenture (NYSE:ACN) had its target price hoisted by equities researchers at Truist Financial from $150.00 to $220.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price target would suggest a potential upside of 8.89% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company reaffirmed a “reduce” rating on shares of Accenture in a research note on Friday. Evercore set a $250.00 price objective on shares of Accenture and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Accenture from $179.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Oppenheimer set a $201.00 target price on shares of Accenture in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Accenture from $136.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, September 18th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $217.30.

Accenture Price Performance

Shares of NYSE ACN traded down $10.27 during trading on Friday, reaching $202.03. The company had a trading volume of 3,081,990 shares, compared to its average volume of 6,963,677. Accenture has a twelve month low of $118.15 and a twelve month high of $291.09. The stock has a market capitalization of $134.92 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11. The stock has a 50-day moving average price of $179.87 and a two-hundred day moving average price of $173.46. 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 (NYSE:ACN) last posted its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.03 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, sell-side analysts predict that Accenture will post 13.87 earnings per share for the current year.

Accenture announced that its board has initiated a stock repurchase program on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Accenture

In related news, General Counsel Joel Unruch sold 10,498 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were 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 approximately $2,890,450.30. This represents a 37.18% decrease in their position. The sale was disclosed in a document filed 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. Insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Accenture

Several hedge funds have recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC raised its stake in Accenture by 10.4% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider’s stock valued at $9,232,000 after acquiring an additional 7,018 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Accenture by 6.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 74,054 shares of the information technology services provider’s stock valued at $19,869,000 after purchasing an additional 4,640 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Accenture by 72.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider’s stock valued at $2,421,000 after purchasing an additional 8,169 shares during the period. Bright Rock Capital Management LLC bought a new stake in shares of Accenture during the second quarter valued at about $7,466,000. Finally, Dearborn Partners LLC acquired a new stake in Accenture in the second quarter worth about $25,108,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Key Accenture News

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Quarterly results exceeded expectations: Fiscal Q4 revenue rose 6.2% year over year to $18.68 billion, above the $18.03 billion consensus estimate, while EPS of $3.29 topped the $3.18 estimate and increased from $3.03 a year earlier. Accenture quarterly earnings report
• Positive Sentiment: Record bookings countered AI-disruption fears: Annual bookings reportedly reached $84.5 billion, with quarterly bookings up 4% to $22.17 billion. Management also said its AI workforce had doubled ahead of schedule, suggesting Accenture is benefiting from clients’ AI and digital-transformation spending rather than being displaced by it. CNBC Accenture earnings article
• Positive Sentiment: Fiscal 2027 outlook was broadly supportive: Accenture forecast local-currency revenue growth of 3% to 6%, revenue of $76.4 billion to $78.7 billion and EPS of $14.39 to $14.81. The company also raised its quarterly dividend 4.9% to $1.71 per share, providing a 3.2% indicated yield. Accenture fiscal 2026 results
• Positive Sentiment: Argus upgraded its view: Argus raised its price target from $220 to $260 and initiated a “Buy” rating, citing the company’s AI momentum and growth prospects.
• Neutral Sentiment: Analyst opinion remains mixed: Morgan Stanley lifted its target from $175 to $195 but maintained an “Equal Weight” rating, while TD Cowen reiterated a Hold rating with a $173 target. These views suggest some analysts believe the post-earnings rebound has already priced in much of the improvement.
• Negative Sentiment: Near-term guidance was less compelling: Next-quarter revenue guidance of approximately $19.28 billion was slightly below analyst expectations, highlighting the risk that growth may remain moderate despite strong bookings and AI demand.

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.