Accenture (NYSE:ACN) Releases FY25 Earnings Guidance

Accenture (NYSE:ACN - Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $12.55-12.79 for the period, compared to the consensus EPS estimate of $12.73. Accenture also updated its FY 2025 guidance to 12.550-12.790 EPS.

Analyst Ratings Changes

ACN has been the topic of a number of research reports. Mizuho lowered their price target on Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a report on Wednesday, March 19th. Barclays dropped their target price on Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a report on Monday. The Goldman Sachs Group raised Accenture from a "neutral" rating to a "buy" rating and increased their price target for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Piper Sandler dropped their price objective on shares of Accenture from $396.00 to $364.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, StockNews.com cut shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $378.91.

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Accenture Price Performance

Accenture stock traded up $1.92 during trading hours on Monday, hitting $307.24. The stock had a trading volume of 3,791,006 shares, compared to its average volume of 2,772,675. The stock has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture has a 1-year low of $278.69 and a 1-year high of $398.35. The stock's fifty day moving average is $358.32 and its two-hundred day moving average is $357.10.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period last year, the firm posted $2.77 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts predict that Accenture will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is presently 49.66%.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares in the company, valued at $3,278,431.38. The trade was a 13.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,905 shares of company stock valued at $8,181,753. Corporate insiders own 0.02% of the company's stock.

Hedge Funds Weigh In On Accenture

An institutional investor recently raised its position in Accenture stock. Brighton Jones LLC raised its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,438 shares of the information technology services provider's stock after purchasing an additional 4,905 shares during the period. Brighton Jones LLC's holdings in Accenture were worth $6,486,000 at the end of the most recent reporting period. Institutional investors own 75.14% of the company's stock.

Accenture Company Profile

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.