Accenture plc (NYSE: ACN) is -4.14% lower on its value in year-to-date trading and has touched a low of $261.68 and a high of $387.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACN stock was last observed hovering at around $333.82 in the last trading session, with the day’s gains setting it 2.57%.
Currently trading at $336.39, the stock is -9.71% and -8.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing 0.77% at the moment leaves the stock 1.44% off its SMA200. ACN registered 23.67% gain for a year compared to 6-month gain of 6.12%. The firm has a 50-day simple moving average (SMA 50) of $3.24 and a 200-day simple moving average (SMA200) of $19.43.
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The stock witnessed a -10.89% loss in the last 1 month and extending the period to 3 months gives it a -5.10%, and is -11.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.35% over the week and 2.11% over the month.
Accenture plc (ACN) has around 733000 employees, a market worth around $225.52B and $64.57B in sales. Current P/E ratio is 30.49 and Fwd P/E is 25.70. Profit margin for the company is 10.89%. Distance from 52-week low is 28.55% and -13.19% from its 52-week high. The company has generated returns on investments over the last 12 months (23.84%).
Accenture plc quarterly earnings per share for the current quarter are estimated at $3.16 with sales reaching $16.59B over the same period.The EPS is expected to grow by 3.85% this year, but quarterly earnings will post 2.00% year-over-year.
Accenture plc (ACN) Top Institutional Holders
3,118 institutions hold shares in Accenture plc (ACN), with institutional investors hold 73.47% of the company’s shares. The shares outstanding are 670.42M, and float is at 668.65M with Short Float at 1.11%. Institutions hold 73.36% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 58.25 million shares valued at $17.97 billion. The investor’s holdings represent 8.76% of the ACN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 47.67 million shares valued at $14.71 billion to account for 7.17% of the shares outstanding. The other top investors are State Street Corporation which holds 26.64 million shares representing 4.01% and valued at over $8.22 billion, while Morgan Stanley holds 2.82% of the shares totaling 18.75 million with a market value of $5.79 billion.
Accenture plc (ACN) Insider Activity
The most recent transaction is an insider sale by Walsh John F,the company’sChief Operating Officer. SEC filings show that Walsh John F sold 8,000 shares of the company’s common stock on Mar 25 ’24 at a price of $332.13 per share for a total of $2.66 million. Following the sale, the insider now owns 17877.0 shares.
Accenture plc disclosed in a document filed with the SEC on Feb 05 ’24 that Sweet Julie Spellman (Chair and CEO) sold a total of 7,361 shares of the company’s common stock. The trade occurred on Feb 05 ’24 and was made at $370.35 per share for $2.73 million. Following the transaction, the insider now directly holds 18713.0 shares of the ACN stock.
Still, SEC filings show that on Feb 05 ’24, McClure Kathleen R (Chief Financial Officer) disposed off 2,070 shares at an average price of $370.32 for $0.77 million. The insider now directly holds 47,110 shares of Accenture plc (ACN).
