New York, Feb 4, 2026, 07:22 (EST) — Premarket
- Accenture shares slipped in early premarket action following Tuesday’s steep decline
- Fears that new AI “agents” might undermine business models are pushing investors to re-price software and IT services stocks
- Traders watch peer results closely, searching for demand signals as the sector grapples with the shock
Accenture shares slipped 0.2% to $240.68 in premarket trading following a tough day that dragged down IT services stocks alongside the wider software sector. (Public)
The stock plunged 9.59% Tuesday, closing at $241.21—still roughly 39% shy of its 52-week peak of $398.35 from last year. IBM slipped 6.49%, ADP dropped 5.04%, and Cognizant tumbled 10.14%, while the S&P 500 fell 0.84%. (MarketWatch)
The sell-off isn’t about immediate earnings but a rapid debate on how deeply AI will disrupt software subscriptions and service fees. The slump kicked off after Anthropic rolled out new plug-ins for its Claude Cowork chatbot. JP Morgan analyst Toby Ogg summed it up, saying the sector “is now being sentenced before trial.” (Reuters)
Behind the scenes, the S&P software and services index has dropped over 12% across five consecutive sessions—the sharpest decline since March 2020. That slide has investors hesitant to jump in ahead of the bottom. (Reuters)
UBS took a more upbeat stance on Accenture. Analyst Kevin McVeigh labeled the stock a “Top Pick” and expressed a “bullish” view on its “Gen AI optionality,” highlighting that its partnerships and cloud presence might continue to drive revenue and margin growth. (Seeking Alpha)
Baird pushed back against the selloff, calling Accenture’s drop “particularly puzzling.” The firm sees the pullback as a value play and flagged upcoming peer earnings as the immediate gauge for market sentiment. (TipRanks)
Investors got an extra data point from recent filings. A Form 144 filing revealed that CEO Julie Sweet plans to sell 5,500 shares. The filing points to a tentative sale date of Feb. 3 and mentions a pre-arranged 10b5-1 plan, which outlines trading instructions ahead of time. (Streetinsider)
In a separate filing, Chief Financial Officer Angie Park revealed she sold 602 shares on Feb. 1 at $262.22 each. After the sale, she reported beneficial ownership of 12,378 shares. (SEC)
Cognizant provided the latest demand update, predicting full-year revenue will surpass Wall Street estimates as clients ramp up AI projects. CFO Jatin Dalal described the forecast as showing “sustained momentum” tied to the company’s push on an “AI-led growth strategy.” (Reuters)
Accenture and its rivals face a growing risk: the very technology fueling fresh consulting projects also equips clients to handle more themselves, which could cut into billable hours and pricing leverage. Should that concern take root, the sector’s valuation slide might persist—even without another negative news trigger.
Accenture’s next major event is its fiscal second-quarter earnings call on March 19 at 8:00 a.m. EST. Investors will be watching closely for clearer signals on how AI demand is translating into disruption. (Accenture)
