Accenture plc (NYSE: ACN) is 2.76% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACN stock was last observed hovering at around $357.30 in the last trading session, with the day’s gains setting it 3.31%.
Currently trading at $360.61, the stock is 0.05% and 1.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing 0.93% at the moment leaves the stock 7.63% off its SMA200. ACN registered 12.80% gain for a year compared to 6-month gain of 17.48%. The firm has a 50-day simple moving average (SMA 50) of $354.3128 and a 200-day simple moving average (SMA200) of $335.05334.
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The stock witnessed a -1.09% loss in the last 1 month and extending the period to 3 months gives it a 12.75%, and is 4.38% up 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 1.65% over the week and 1.62% over the month.
Accenture plc (ACN) has around 774000 employees, a market worth around $225.33B and $64.90B in sales. Current P/E ratio is 31.54 and Fwd P/E is 25.70. Profit margin for the company is 11.19%. Distance from 52-week low is 29.39% and -6.94% from its 52-week high. The company has generated returns on investments over the last 12 months (23.64%).
The EPS is expected to grow by 7.44% this year.
Accenture plc (ACN) Top Institutional Holders
3153.0 institutions hold shares in Accenture plc (ACN), with institutional investors hold 72.79% of the company’s shares. The shares outstanding are 625.28M, and float is at 623.27M with Short Float at 0.92%. Institutions hold 72.74% 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 Sekido Ryoji, the company’s Co-CEO Asia Pacific. SEC filings show that Sekido Ryoji sold 3,191 shares of the company’s common stock on Nov 04 ’24 at a price of $343.70 per share for a total of $1.1 million. Following the sale, the insider now owns 6.0 shares.
Still, SEC filings show that on Oct 28 ’24, Sweet Julie Spellman (Chair and CEO) disposed off 8,136 shares at an average price of $362.07 for $2.95 million. The insider now directly holds 12,188 shares of Accenture plc (ACN).
