Accenture plc (ACN) Is A Stock You Should Watch

As of Friday close, Accenture plc’s (NYSE:ACN) stock was down -$1.26, moving down -0.41 percent to $309.35. The average number of shares traded per day over the past five days has been 1,537,320 shares. 3 times new highs have been achieved over the past 5 days, with a $3.09 gain in that time frame. In the last twenty days, the average volume was 1,771,230, while in the previous 50 days, it was 2,211,256.

Since last month, ACN stock rose 10.72%. Shares of the company fell to $261.77 on 07/14/22, the lowest level in the past month. A 52-week high of $417.37 was reached on 01/03/22 after having rallying from a 52-week low of $261.77. Since the beginning of this year, ACN’s stock price has dropped by -25.38% or -$105.20, and marked a new high 1 time. However, the stock has declined by -25.88% since its 52-week high.

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Accenture plc (ACN) last reported insider trading activity 9 days ago on Jul 28. Shook Ellyn, the Chief Leadership & HR Officer of the company, disposed of 750 shares for $300.00 on Jul 28. It resulted in a $225,000 divestment by the insider. Unruch Joel sold 555 shares at an average price of $300.00 on Jul 28. The insider now owns 25,601 shares following the transaction. On Jul 25, General Counsel/Corp Secretary Unruch Joel sold 556 shares at $287.51 apiece. The transaction was valued at $159,858.

Valuation Metrics

Right now, Accenture plc (ACN) has a P/E ratio of about 30.01. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 3.19, the price-to-book (PB) ratio of 9.15, and the price-to-cash flow ratio of 37.93 may also be considered.

The latest dividend of $0.97 per share was paid out, remained unchanged from last year’s $0.97. On Thursday September 23 2021, a $0.09 dividend increase was announced.

Financial Health

In the three months ended May 30, Accenture plc’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 32.30% percent. In the year ended May 30, EBITDA margin amounted to 19.03%, whereas operating margins totaled 15.00%. Based on annual data, ACN earned $16.36 billion in gross profit and brought in $50.53 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 29.90%. Return on equity (ROE) for the past 12 months was 32.40%.

In Accenture plc’s quarter-end financial report for May 30, it reported total debt of $51.55 million against cash and short-term investments of $4.32 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ACN’s revenue rose 17.92% to $15.05 billion during the quarter, while net income inched up to $16.16 billion. While analysts expected Accenture plc to report $2.81 quarterly earnings, the actual figure was $2.73 per share, beating the consensus estimate by -2.80%. During the quarter, the company generated $3.13 billion in EBITDA. The liabilities of Accenture plc were 24.08 billion at the end of its most recent quarter ended May 30, and its total debt was $3.49 billion. The value of shareholders’ equity is $664.69 million.

Technical Picture

This quick technical analysis looks at Accenture plc’s (ACN) price momentum. With a historical volatility rate of 25.74%, the RSI 9-day stood at 71.89% on 05 August.

With respect to its five-day moving average, the current Accenture plc price is up by +1.01% percent or $3.09. At present, ACN shares trade +10.85% above its 20-day simple moving average and +0.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.76% above its SMA50 and -11.55% below its SMA200.

Stochastic coefficient K was 97.63% and Stochastic coefficient D was 95.23%, while ATR was 6.90. Given the Stochastic reading of 96.27% for the 14-day period, the RSI (14) reading has been calculated as 66.24%. As of today, the MACD Oscillator reading stands at 6.27, while the 14-day reading stands at 12.59.

Analyst Ratings

Accenture plc downgraded its rating on Accenture plc (NYSE: ACN) to a Neutral in a note to investors on June 29, 2022. The analysts firm previously had an Outperform rating on the stock.Accenture plc (ACN) has been rated Overweight by analysts. According to 0 brokerage firms, ACN is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Accenture plc stock as buy, with 15 recommending it as overweight.

With a median target price of $339.50, the current consensus forecast for the stock is $281.00 – $460.00. Based on these forecasts, analysts predict Accenture plc (ACN) will achieve an average price target of $346.86.


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