Accenture plc (NYSE: ACN) is -3.95% lower on its value in year-to-date trading and has touched a low of $278.69 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 $354.12 in the last trading session, with the day’s loss setting it -17.08%.
Currently trading at $337.04, the stock is -1.07% and 2.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.53 million and changing -4.82% at the moment leaves the stock 1.07% off its SMA200. ACN registered 7.84% gain for a year compared to 6-month loss of -9.56%.
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The stock witnessed a 3.10% gain in the last 1 month and extending the period to 3 months gives it a 18.04%, and is -3.07% 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 2.50% over the week and 1.71% over the month.
Accenture plc (ACN) has around 733000 employees, a market worth around $211.12B and $64.48B in sales. Current P/E ratio is 30.85 and Fwd P/E is 26.36. Profit margin for the company is 10.78%. Distance from 52-week low is 20.94% and -13.02% from its 52-week high. The company has generated returns on investments over the last 12 months (23.14%).
The EPS is expected to grow by 2.42% this year.
Accenture plc (ACN) Top Institutional Holders
3159.0 institutions hold shares in Accenture plc (ACN), with institutional investors hold 78.28% of the company’s shares. The shares outstanding are 628.27M, and float is at 624.80M with Short Float at 1.11%. Institutions hold 78.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 59.68 million shares valued at $18.11 billion. The investor’s holdings represent 9.4971% of the ACN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 48.98 million shares valued at $14.86 billion to account for 7.7945 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.93 million shares representing 4.2857% and valued at over $8.17 billion, while MORGAN STANLEY holds 2.4832 of the shares totaling 15.6 million with a market value of $4.73 billion.
Accenture plc (ACN) Insider Activity
The most recent transaction is an insider sale by Shook Ellyn, the company’s Chief Leadership & HR Officer. SEC filings show that Shook Ellyn sold 5,000 shares of the company’s common stock on Jul 23 ’24 at a price of $329.82 per share for a total of $1.65 million. Following the sale, the insider now owns 8989.0 shares.
Accenture plc disclosed in a document filed with the SEC on Jul 22 ’24 that Unruch Joel (General Counsel/Corp Secretary) sold a total of 8,145 shares of the company’s common stock. The trade occurred on Jul 22 ’24 and was made at $331.05 per share for $2.7 million. Following the transaction, the insider now directly holds 22849.0 shares of the ACN stock.
Still, SEC filings show that on Jul 15 ’24, McClure Kathleen R (Chief Financial Officer) disposed off 1,500 shares at an average price of $315.00 for $0.47 million. The insider now directly holds 38,570 shares of Accenture plc (ACN).
