Accenture Slides as Lower Revenue Outlook and Softer Bookings Overshadow Q3 Beat

Accenture (ACN) is down 16.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to weaker forward growth expectations rather than the quarter’s headline profit. Accenture posted solid third-quarter revenue and EPS growth, but investors seem focused on a trimmed full-year revenue outlook, softer bookings, and ongoing pressure in its U.S. federal business. This could also be magnified by broader concerns that AI is changing how traditional consulting work is priced and delivered.

Details:

Accenture lowered its full-year fiscal 2026 local-currency revenue growth outlook to 3% to 4%, down from 3% to 5% previously.

Third-quarter new bookings were $19.3 billion, down 3% in local currency from a year earlier, a sign that future demand may be moderating.

The company said the full-year outlook still includes an estimated 1% impact from its U.S. federal business, an area already under pressure from contract delays and spending restraint.

Recent analyst downgrades before earnings highlighted budget pressure, rising competition from AI-focused firms, and the risk that AI tools could reduce demand for some legacy billable-hours consulting work.

Sources:

Accenture, SEC, StreetInsider

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ACN Insider Trading Activity

$ACN insiders have traded $ACN stock on the open market 75 times in the past 6 months. Of those trades, 0 have been purchases and 75 have been sales.

Here’s a breakdown of recent trading of $ACN stock by insiders over the last 6 months:

JULIE SPELLMAN SWEET (Chair and CEO) has made 0 purchases and 23 sales selling 13,251 shares for an estimated $3,282,602.
JOHN F WALSH (CEO-The Americas) has made 0 purchases and 9 sales selling 4,000 shares for an estimated $1,105,033.
MELISSA A BURGUM (Chief Accounting Officer) has made 0 purchases and 6 sales selling 3,603 shares for an estimated $1,012,037.
ATSUSHI EGAWA (Co-CEO Asia Pacific) has made 0 purchases and 4 sales selling 4,872 shares for an estimated $863,044.
MANISH SHARMA (Chief Strategy & Services Ofcr) has made 0 purchases and 8 sales selling 2,829 shares for an estimated $811,405.
JOEL UNRUCH (General Counsel/Corp Secretary) has made 0 purchases and 5 sales selling 2,358 shares for an estimated $655,324.
KATHERINE LEE CLIFFORD (Chief Leadership & HR Officer) has made 0 purchases and 13 sales selling 1,468 shares for an estimated $412,092.
MAURO MACCHI (Chief Executive Officer-EMEA) has made 0 purchases and 2 sales selling 1,000 shares for an estimated $280,000.
CATHERINE KIERNAN HOGAN (Chief Operating Officer) has made 0 purchases and 5 sales selling 660 shares for an estimated $185,412.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive ACN Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$ACN Hedge Fund Activity

We have seen 942 institutional investors add shares of $ACN stock to their portfolio, and 1,405 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 14,072,672 shares (+259.3%) to their portfolio in Q1 2026, for an estimated $2,774,849,464
CAPITAL INTERNATIONAL INVESTORS removed 13,358,309 shares (-76.5%) from their portfolio in Q1 2026, for an estimated $2,633,991,368
WELLINGTON MANAGEMENT GROUP LLP removed 6,741,493 shares (-64.2%) from their portfolio in Q1 2026, for an estimated $1,329,287,589
MORGAN STANLEY added 3,885,528 shares (+51.6%) to their portfolio in Q1 2026, for an estimated $766,148,411
PRICE T ROWE ASSOCIATES INC /MD/ removed 2,920,256 shares (-61.2%) from their portfolio in Q1 2026, for an estimated $575,816,078
HARRIS ASSOCIATES L P added 2,891,902 shares (+inf%) to their portfolio in Q1 2026, for an estimated $570,225,236
UBS GROUP AG added 2,164,229 shares (+80.8%) to their portfolio in Q1 2026, for an estimated $426,742,674

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ACN Government Contracts

We have seen $3,005,085,581 of award payments to $ACN over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

FEDERALLY FACILITATED EXCHANGE (FFE): $194,675,320
TITLE IV FINANCIAL AID ORIGINATION AND DISBURSEMENT (TIVOD) SYSTEMS AND CUSTOMER SERVICE TRANSITION SERVICES: $183,644,413
THIS TASK ORDER IS FOR AN ENTERPRISE-WIDE DIGITAL AND CUSTOMER CARE PLATFORMS AND SERVICES SOLUTION (ENTERP...: $178,534,840
VBA DGIB SUPPORT SERVICES PURCHASE: $176,293,546
INTEGRATED ENTERPRISE CONTRACT (IEP) THE IEP PROVIDES FULLY INTEGRATED CORE SERVICES, IT INFRASTRUCTURE, O...: $146,796,103

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$ACN Congressional Stock Trading

Members of Congress have traded $ACN stock 10 times in the past 6 months. Of those trades, 2 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $ACN stock by members of Congress over the last 6 months:

REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 05/12.
REPRESENTATIVE RICK W. ALLEN sold up to $50,000 on 05/08.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 2 purchases worth up to $30,000 on 03/13, 12/19 and 2 sales worth up to $30,000 on 04/14, 02/10.
REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 03/23.
REPRESENTATIVE KEVIN HERN sold up to $500,000 on 03/16.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$ACN Price Targets

Multiple analysts have issued price targets for $ACN recently. We have seen 15 analysts offer price targets for $ACN in the last 6 months, with a median target of $250.0.

Here are some recent targets:

James Faucette from Morgan Stanley set a target price of $177.0 on 06/15/2026
Bryan Bergin from TD Cowen set a target price of $258.0 on 06/08/2026
Tien-Tsin Huang from JP Morgan set a target price of $201.0 on 06/08/2026
Jason Kupferberg from Wells Fargo set a target price of $248.0 on 06/04/2026
James Schneider from Goldman Sachs set a target price of $270.0 on 06/03/2026
David Grossman from Stifel set a target price of $270.0 on 06/03/2026
Bryan Keane from Citigroup set a target price of $195.0 on 06/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.