Latest news for Accenture (NYSE:ACN) Stock

Accenture

Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

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Jabil Inc. (NYSE: JBL) is set to release fourth-quarter fiscal 2024 results on Sept. 26, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 2.16%. It pulled off a trailing four-quarter earnings surprise of 3.10%, on average.

Will Revenue Contraction Affect Jabil&#39;s Q4 Earnings Results?

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Endava PLC (NYSE: DAVA) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.

Endava PLC Misses Q4 Earnings and Revenue Estimates

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Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) is set to release fourth-quarter fiscal 2024 results on Sept. 26, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 2.16%. It pulled off a trailing four-quarter earnings surprise of 3.10%, on average.
The leading global supplier of electronic manufacturing services is likely to witness a revenue contraction year over year in the fourth quarter of fiscal 2024. Soft demand trends in some end markets and macroeconomic challenges are likely to impede the top-line growth. Initiatives to improve profitability and free cash flow are positives.
<h2>Factors at Play</h2>
Jabil is placing a strong emphasis on integrating sophisticated AI and ML capabilities to enhance portfolio offerings and improve the efficiency of its internal process. Growing demand for AI infrastructure in data center space, along with AI proliferation in cloud, networking and industrial automation end markets are major tailwinds. Jabil&#39;s focus on end market and product diversification, coupled with its large-scale global operations, offers a high degree of resilience during times of macroeconomic and geopolitical disruption. Management&#39;s focus on operational efficiency and effective working capital management is boosting profitability and free cash flow.
However, demand softness in several key end markets, including 5G, renewable energy, digital print and healthcare is weighing on net sales. The company&#39;s automotive vertical is also experiencing headwinds as the Chinese automotive market grapples with overcapacity and high inventory levels. Moreover, the launch of new electric vehicle platforms has been postponed by several quarters. These factors are likely to have impeded revenues in the fourth quarter of fiscal 2024. The company&#39;s strategy to move away from less prospective markets by restructuring and reshaping its portfolio will impact top-line growth in the near term.
The Zacks Consensus Estimate for the DMS vertical is pegged at $3.384 billion, indicating a decline from $4.436 billion reported in the year-ago quarter. Revenues from the EMS vertical are pegged at $3.169 billion, implying a downtrend from $4.022 billion in the year-ago quarter.
For the August quarter, the Zacks Consensus Estimate for revenues is pegged at $6.573 billion, which indicates a decline from the year-ago quarter&#39;s tally of $8.458 billion. The consensus estimate for earnings is pegged at $2.23, suggesting a decrease from $2.45 reported in the prior-year quarter.
<h2>Earnings Whispers</h2>
Our proven model doesn&#39;t conclusively predict an earnings beat for Jabil this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is -0.22%.
<div class="chart_embed">
<h3>Jabil, Inc. Price and EPS Surprise</h3>
<img alt="Jabil, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/8d/1726839570.png" style="height:294px; width:610px" title="" />
Jabil, Inc. price-eps-surprise | Jabil, Inc. Quote
Zacks Rank: Jabil currently has a Zacks Rank #4 (Sell).
</div>
<h2>Stocks to Consider</h2>
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Accenture (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) is set to release its quarterly numbers on Sept. 26. It has an Earnings ESP of +0.37% and a Zacks Rank #2.
The Earnings ESP for Carnival (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) stands at +2.99%. The company carries a Zacks Rank of 3. It is scheduled to report quarterly numbers on Sept. 30.
The Earnings ESP for Costco Wholesale (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) stands at +0.62%, and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Sept. 26.
<a href="https://www.zacks.com/stock/news/2339327/will-revenue-contraction-affect-jabil-s-q4-earnings-results?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2339327">To read this article on Zacks.com click here.</a>

Will Revenue Contraction Affect Jabil's Q4 Earnings Results?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $215 to $200. Morgan Stanley analyst Ravi Shanker downgraded the stock from Equal-Weight to Underweight. FedEx shares gained 0.7% to close at $300.39 on Thursday.<a href="https://www.benzinga.com/quote/FDX/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Loop Capital cut the price target for Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) from $50 to $45. Loop Capital analyst Alton Stump maintained a Hold rating. Cracker Barrel shares fell 1.1% to close at $41.11 on Thursday. <a href="https://www.benzinga.com/quote/cbrl/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed Terex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) price target from $72 to $62. Goldman Sachs analyst Jerry Revich maintained a Neutral rating. Terex shares fell 3.6% to close at $53.83 on Thursday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) price target from $3,900 to $3,350. Evercore ISI Group analyst Greg Melich maintained an Outperform rating. AutoZone shares fell 1.1% to close at $3,040.09 on Thursday. <a href="https://www.benzinga.com/quote/azo/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $100 to $110. Baird analyst Jonathan Komp maintained an Outperform rating. NIKE rose 0.1% to close at $80.98 on Thursday. S<a href="https://www.benzinga.com/quote/nke/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Piper Sandler increased Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) price target from $320 to $329. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating. Accenture shares fell 0.3% to close at $335.24 on Thursday. <a href="https://www.benzinga.com/quote/acn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) price target from $150 to $165. TD Cowen analyst Andrew Charles maintained a Hold rating. Darden shares gained 8.3% to close at $172.27 on Thursday. <a href="https://www.benzinga.com/quote/dri/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital decreased the price target for Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from $50 to $40. RBC Capital analyst Matthew Hedberg downgraded the stock from Outperform to Sector Perform. Rapid7 shares rose 1.5% to close at $34.35 on Thursday.<a href="https://www.benzinga.com/quote/rpd/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Needham cut DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) price target from $33 to $22. Needham analyst Laura Martin maintained a Buy rating. DoubleVerify shares fell 0.4% to close at $17.23 on Thursday. <a href="https://www.benzinga.com/quote/dv/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised American Healthcare REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) price target from $18 to $30. JMP Securities analyst Aaron Hecht maintained a Market Outperform rating. American Healthcare shares gained 3.6% to close at $25.41 on Thursday. <a href="https://www.benzinga.com/quote/ahr/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Piper Sandler analyst Arvind Ramnani maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Neutral and raises the price target from $320 to $329.

Piper Sandler Maintains Neutral on Accenture, Raises Price Target to $329

Endava PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dava#NYSE">DAVA</a>) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.28, delivering a surprise of 21.74%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Endava, which belongs to the Zacks Computers - IT Services industry, posted revenues of $245.3 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.35%. This compares to year-ago revenues of $237.56 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Endava shares have lost about 62.9% since the beginning of the year versus the S&amp;P 500&#39;s gain of 17.8%.
<h2>What&#39;s Next for Endava?</h2>
While Endava has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Endava: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.38 on $257.42 million in revenues for the coming quarter and $1.60 on $1.06 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Accenture (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>), another stock in the same industry, has yet to report results for the quarter ended August 2024. The results are expected to be released on September 26.
This consulting company is expected to post quarterly earnings of $2.77 per share in its upcoming report, which represents a year-over-year change of +2.2%. The consensus EPS estimate for the quarter has been revised 0% higher over the last 30 days to the current level.
Accenture&#39;s revenues are expected to be $16.33 billion, up 2.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2338368/endava-plc-sponsored-adr-dava-misses-q4-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2338368">To read this article on Zacks.com click here.</a>

Oracle Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) CloudWorld in Las Vegas had no shortage of artificial intelligence (AI) buzz, but investors hoping for a quick windfall might need <a href="https://www.benzinga.com/quote/ORCL/news">to temper expectations</a>.
JPMorgan analyst Tien-tsin Huang, who attended the event, noted that while Oracle's multi-cloud advancements are laying the groundwork for the future, the immediate impact on revenues is still uncertain.
"We saw numerous examples of high-value AI-driven tech services," Huang stated, highlighting the long-term potential of AI in transforming enterprise workflows. 
However, he remains cautious about the near-term outlook, adding, "Near-term demand improvement remains elusive," despite growing client interest in AI.
<h2 class="wp-block-heading">Oracle Makes A Big Move</h2>
Oracle's big move at CloudWorld was its announcement of Oracle Database (ODB) on AWS, building on similar launches with Microsoft Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure and Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud.
This multi-cloud push, Huang believes, is a critical strategy for companies looking to "maximize the value of GenAI" by optimizing data across different platforms.
Read Also: <a href="https://www.benzinga.com/startups/24/09/40922366/oracles-larry-ellison-briefly-became-wealthier-than-jeff-bezos-heres-how-his-fortune-outpaced-amazon">Oracle&#8217;s Larry Ellison Briefly Became Wealthier Than Jeff Bezos. Here&#8217;s How His Fortune Outpaced Amazon&#8217;s Founder</a>
<h2 class="wp-block-heading">Yet To See Material Revenue Momentum</h2>
Yet, the short-term demand for tech services in AI remains lukewarm. "We did not sense that any have achieved material revenue momentum in the category," Huang observed, signaling that while enterprise clients are interested in AI, the financial payoff might still be a few quarters away.
<h2 class="wp-block-heading">Accenture: A Secular Winner</h2>
Long-term, Huang is optimistic about Oracle and its tech services partners, particularly Accenture PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), which he sees "as a secular winner" in helping companies customize and optimize generative AI solutions for business processes.
As companies transition to a more interoperable, multi-cloud environment, the opportunities for AI and tech services will grow, but patience is key.
For now, investors should keep their eyes on the big picture, as the immediate AI windfall for Oracle might take some time to materialize.
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Oracle CloudWorld Highlights 'AI-Driven Tech Services,' But Revenue Growth Requires Patience: Analyst

Mizuho analyst Dan Dolev maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Outperform and raises the price target from $352 to $365.

Mizuho Maintains Outperform on Accenture, Raises Price Target to $365

Accenture (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this consulting company have returned +2%, compared to the Zacks S&amp;P 500 composite&#39;s +1.6% change. During this period, the Zacks Computers - IT Services industry, which Accenture falls in, has gained 4.2%. The key question now is: What could be the stock&#39;s future direction?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
<h2>Earnings Estimate Revisions</h2>
Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Accenture is expected to post earnings of $2.77 per share for the current quarter, representing a year-over-year change of +2.2%. Over the last 30 days, the Zacks Consensus Estimate has changed +0%.
The consensus earnings estimate of $11.95 for the current fiscal year indicates a year-over-year change of +2.4%. This estimate has changed +0.2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $12.60 indicates a change of +5.5% from what Accenture is expected to report a year ago. Over the past month, the estimate has changed +0.2%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Accenture.
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
<h2>12 Month EPS</h2>
<h2>Projected Revenue Growth</h2>
Even though a company&#39;s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It&#39;s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company&#39;s potential revenue growth is crucial.
For Accenture, the consensus sales estimate for the current quarter of $16.33 billion indicates a year-over-year change of +2.2%. For the current and next fiscal years, $64.82 billion and $67.76 billion estimates indicate +1.1% and +4.5% changes, respectively.
<h2>Last Reported Results and Surprise History</h2>
Accenture reported revenues of $16.47 billion in the last reported quarter, representing a year-over-year change of -0.6%. EPS of $3.13 for the same period compares with $3.19 a year ago.
Compared to the Zacks Consensus Estimate of $16.52 billion, the reported revenues represent a surprise of -0.35%. The EPS surprise was -0.32%.
Over the last four quarters, Accenture surpassed consensus EPS estimates three times. The company could not beat consensus revenue estimates in any of the last four quarters.
<h2>Valuation</h2>
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Accenture is graded C on this front, indicating that it is trading at par with its peers.
<h2>Bottom Line</h2>
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Accenture. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2337726/accenture-plc-acn-is-a-trending-stock-facts-to-know-before-betting-on-it?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2337726">To read this article on Zacks.com click here.</a>

Rumors

Accenture PLC Is a Trending Stock: Facts to Know Before Betting on It

Investors with a lot of money to spend have taken a bullish stance on Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ACN, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Accenture.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 33%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $229,521, and 6 are calls, for a total amount of $316,462.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $280.0 to $470.0 for Accenture over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Accenture's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Accenture's substantial trades, within a strike price spectrum from $280.0 to $470.0 over the preceding 30 days.
<h3>Accenture Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726589738_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$120.0</td>
<td>$118.0</td>
<td>$120.0</td>
<td>$470.00</td>
<td>$132.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$7.1</td>
<td>$5.7</td>
<td>$6.34</td>
<td>$440.00</td>
<td>$108.4K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">360</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$6.4</td>
<td>$5.8</td>
<td>$6.19</td>
<td>$440.00</td>
<td>$81.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">182</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$17.9</td>
<td>$15.8</td>
<td>$15.8</td>
<td>$350.00</td>
<td>$63.2K</td>
<td style="text-align: right;">86</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$24.7</td>
<td>$24.0</td>
<td>$24.45</td>
<td>$325.00</td>
<td>$36.6K</td>
<td style="text-align: right;">114</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Accenture</h3>
Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
<h3>Where Is Accenture Standing Right Now?</h3>
<ul>
<li>With a volume of 2,301,148, the price of ACN is down -4.32% at $338.81. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 9 days.</li>
</ul>
<h3>Expert Opinions on Accenture</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $367.3333333333333.
<ul>
<li>Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Accenture, targeting a price of $405. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Accenture, targeting a price of $376. </li>
<li>An analyst from TD Cowen has decided to maintain their Hold rating on Accenture, which currently sits at a price target of $321. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Accenture with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Accenture's Options: A Look at What the Big Money is Thinking

Citigroup analyst Ashwin Shirvaikar maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Buy and raises the price target from $350 to $405.

Citigroup Maintains Buy on Accenture, Raises Price Target to $405

Watching Accenture; Shares Spike Lower, Traders Circulate Unconfirmed Rumor Co To Postpone Majority Of Promotions By 6-Months Due To Dim Outlook

As part of this investment, Accenture plans to integrate Martian&#39;s advanced model router offering into its proprietary &quot;switchboard&quot; services that can customize large-language models (LLMs) for specific data sources and use cases for greater impact of AI systems.

Accenture Ventures Invests In Martian, A Technology Company That Has Built A Patent-Pending Large Language Model Router; Terms Not Disclosed

Accenture And Indosat Ooredoo Hutchison Team Up To Accelerate Sovereign AI Cloud

Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) has seen its stock rise 22% in the past three months, outperforming the industry&#39;s 14.9% growth and the 2.4% uptick in the S&amp;P 500 composite index.
We have a Zacks Rank #2 (Buy) on ACN shares, given the company&#39;s technological prowess, strong cash position, contribution from acquisitions and consistent dividend payouts.
<div class="chart_embed">
<h2>Accenture PLC Price</h2>
<img alt="Accenture PLC Price" src="https://staticx-tuner.zacks.com/images/charts/4f/1726492889.png" style="height:310px; width:600px" title="" />
Accenture PLC price | Accenture PLC Quote
Let&#39;s look at the factors in detail that make the stock an attractive pick.
</div>
<h2>Technology-Based Growth Strategy</h2>
Accenture&#39;s broader growth strategy focuses on delivering comprehensive value to its stakeholders through technology. By focusing on building a digital core with cloud, data, and AI technologies and investing in talent, Accenture is well-positioned for long-term success. We believe this strategy positions Accenture as a trusted partner for its clients and keeps the stock attractive.
<h2>Strong Cash Position</h2>
Accenture had a cash and cash equivalents balance of $5.5 billion at the end of third-quarter fiscal 2024 against a total long-term debt of just $69 million. Cash provided by operating activities was $1 billion and free cash flow came in at $1 million. Accenture generates&nbsp;significant cash from operations&nbsp;and also holds a huge cash balance, management has the flexibility to pursue growth in any areas that exhibit true potential.
This flexibility and technological prowess allowed it to pursue acquisition opportunities in different markets. The company spent $2.5 billion across 25 acquisitions in fiscal 2023.&nbsp;A disciplined acquisition strategy&nbsp;helps ACN channel its business in high-growth areas, adding skills and capabilities, and deepening industry and functional expertise.
<h2>Dividend Spinner</h2>
Commitment to shareholder returns makes ACN a reliable way for investors to compound wealth over the long term. The company paid $2.8 billion, $2.5 billion and $2.2 billion in dividends in 2023, 2022, and 2021, respectively. We are expecting steady income growth, which will translate to steady cash flow, enabling it to pay out stable dividends.
<h2>Other Stocks to Consider</h2>
Investors can look at&nbsp;some other top-ranked stocks like AppLovin&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>), Climb Global Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clmb#NASDAQ">CLMB</a>), and HNI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>).
APP currently sports a Zacks Rank of 1 (Strong Buy). The company has a long-term earnings growth expectation of 20%. APP delivered a trailing four-quarter earnings surprise of 21.1%, on average.
Climb Global Solutions flaunts a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 11%. CLMB delivered a trailing four-quarter earnings surprise of 25.2%, on average.
HNI sports a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 12%. HNI delivered a trailing four-quarter earnings surprise of 51.3%, on average.
<a href="https://www.zacks.com/stock/news/2336610/here-s-why-you-should-add-accenture-stock-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336610">To read this article on Zacks.com click here.</a>

Mid Cap

Dividends

CLMB

Here's Why You Should Add Accenture Stock to Your Portfolio

Company to Support the PEPFAR Mission to Achieve Global HIV Epidemic Control
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Findustries%2Faccenture-federal-services&amp;esheet=54120949&amp;newsitemid=20240916504798&amp;lan=en-US&amp;anchor=Accenture+Federal+Services&amp;index=1&amp;md5=407a7880249d45a08ba99dc67477aea7">Accenture Federal Services</a> has won a $190 million prime contract from the U.S. Department of State to provide data and systems engineering support for the U.S. President's Emergency Plan for AIDS Relief, a program commonly known as <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.state.gov%2Fpepfar%2F&amp;esheet=54120949&amp;newsitemid=20240916504798&amp;lan=en-US&amp;anchor=PEPFAR&amp;index=2&amp;md5=42b341a67ba58725a6ea5418cce42267">PEPFAR</a>.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240916504798/en/">https://www.businesswire.com/news/home/20240916504798/en/</a>
&nbsp;
Widely considered one of the best examples of global health leadership in history, PEPFAR is credited with saving 25 million lives, preventing millions of HIV infections, and accelerating progress toward turning the tide of the HIV/AIDS crisis globally. Coordinated by the U.S. Department of State's Bureau of Global Health Security and Diplomacy, and implemented by seven departments and agencies, PEPFAR is the largest commitment ever to be undertaken by any nation to address a single disease.

Contracts

Accenture Federal Services Wins $190M U.S. Department Of State Data And Systems Engineering Contract To Provide Data And Systems Engineering Support For The U.S. President's Emergency Plan For AIDS Relief, A Program Commonly Known As PEPFAR

Cloud modernization program cultivating engagement between carrier, its customers and distribution partners
F&amp;G Annuities &amp; Life, Inc (F&amp;G) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FG#NYSE">FG</a>), a leading U.S. provider of insurance solutions serving retail annuity and life customers and institutional clients, announced a strategic collaboration with Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) to enhance F&amp;G's technology platform capabilities to optimize and scale operations for future growth through the utilization of Accenture's Life Insurance and Annuity Platform (ALIP).

F&G and Accenture Collaborate To Enhance F&G's Technology Platform Capabilities To Optimize And Scale Operations For Future Growth Through The Utilization Of Accenture's Life Insurance And Annuity Platform

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has outperformed the market over the past 20 years by 5.33% on an annualized basis producing an average annual return of 13.66%. Currently, Accenture has a market capitalization of $219.17 billion. 
Buying $100 In ACN: If an investor had bought $100 of ACN stock 20 years ago, it would be worth $1,306.05 today based on a price of $349.89 for ACN at the time of writing.
<h3>Accenture's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726174872_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,300 Today

TD Cowen analyst Bryan Bergin maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Hold and raises the price target from $293 to $321.

TD Cowen Maintains Hold on Accenture, Raises Price Target to $321

The partnership aims to empower Saudi Arabia to adopt and innovate with gen AI at scale, helping the Kingdom address the evolving digital talent requirement across industries and contribute to the Kingdom&rsquo;s Vision 2030.

Aramco Digital, Accenture Form Strategic Partnership To Fuel Generative AI Innovation, Supercharge Digital Skilling Agenda In Saudi Arabia

Accenture Launches Personalized Experiences On Salesforce Solution That Leverages Data And Artificial Intelligence

This investment, made through&nbsp;Accenture Ventures, will support EMTECH in its efforts to transform central banks&#39; financial and technology infrastructure and make it easier for central banks to regulate and supervise fintechs in an increasingly digital economy.

Accenture Invests In Financial Technology Company EMTECH; Terms Not Disclosed

Accenture invests in LLM router company Martian

Accenture drops on report of promotion delays

Wall Street sports a solid midday lead, as investors unpack retail sales data and the Federal Open Market Committee (FOMC) kicks off its two-day policy meeting.

Dow, SPX Score Record Highs Ahead Of Rate Cut Decision

James Faucette, an analyst from Morgan Stanley, maintained the Hold rating on Accenture (ACN – Research Report). The associated price target remain...

Assessing Accenture's Growth Prospects: A Hold Rating Amid Strategic and Market Considerations

Stifel Nicolaus analyst David Grossman maintained a Buy rating on Accenture (ACN – Research Report) today and set a price target of $340.00. The co...

New Buy Rating for Accenture (ACN), the Technology Giant

Janus Henderson Balanced Fund Q2 2024 Commentary

Catalyst Watch: Spotlight on Micron, Southwest Airlines, and FOMC speakers

As Accenture ($ACN) gears up to release its Fiscal Q4 results on September 26, I view its shares as offering a compelling investment opportunity. T...

Is Accenture a Buy Ahead of Q4 Results? Here's Why It Looks Promising

Wall Street Breakfast: The Week Ahead

Earnings week ahead: Micron, Costco, BlackBerry, Accenture and more

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