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Accenture plc (ACN) Stock Could Soon Reward Patient Investors

Accenture plc (NYSE: ACN) is -10.54% 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 $313.27 in the last trading session, with the day’s gains setting it 0.67%.

Currently trading at $313.94, the stock is -7.49% and -12.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.87 million and changing 0.21% at the moment leaves the stock -5.76% off its SMA200. ACN registered 12.42% gain for a year compared to 6-month gain of 4.01%.

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The stock witnessed a -16.19% loss in the last 1 month and extending the period to 3 months gives it a -11.46%, and is -6.13% 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 2.04% over the week and 2.15% over the month.

Accenture plc (ACN) has around 733000 employees, a market worth around $197.38B and $64.57B in sales. Current P/E ratio is 28.46 and Fwd P/E is 24.03. Profit margin for the company is 10.89%. Distance from 52-week low is 19.97% and -18.99% from its 52-week high. The company has generated returns on investments over the last 12 months (23.84%).

The EPS is expected to grow by 3.84% this year.

Accenture plc (ACN) Top Institutional Holders

The shares outstanding are 628.27M, and float is at 627.17M with Short Float at 1.13%.

Accenture plc (ACN) Insider Activity

The most recent transaction is an insider sale by Ollagnier Jean-Marc,the company’sCEO EMEA. SEC filings show that Ollagnier Jean-Marc sold 6,250 shares of the company’s common stock on Apr 12 ’24 at a price of $315.91 per share for a total of $1.97 million. Following the sale, the insider now owns 0.16 million shares.

Accenture plc disclosed in a document filed with the SEC on Apr 12 ’24 that McClure Kathleen R (Chief Financial Officer) sold a total of 4,500 shares of the company’s common stock. The trade occurred on Apr 12 ’24 and was made at $316.00 per share for $1.42 million. Following the transaction, the insider now directly holds 42781.0 shares of the ACN stock.

Still, SEC filings show that on Apr 12 ’24, Sweet Julie Spellman (Chair and CEO) disposed off 3,801 shares at an average price of $315.93 for $1.2 million. The insider now directly holds 15,178 shares of Accenture plc (ACN).

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