Why You Need Accenture plc (ACN) On Your Watchlist

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Accenture plc (NYSE:ACN) saw a downside of -1.60% to close Tuesday at $274.87 after subtracting -$4.47 on the day. The 5-day average trading volume is 2,502,040 shares of the company’s common stock. It has gained $287.28 in the past week and touched a new high 1 time within the past 5 days. An average of 2,066,615 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,193,960.

ACN’s 1-month performance is 2.21% or $8.78 on its low of $261.37 reached on 01/06/23. The company’s shares have touched a 52-week low of $242.95 and high of $360.10, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, ACN has achieved 3.01% or $8.03 and has reached a new high 5 times. However, the current price is down -23.67% from the 52-week high price.

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Insider Transactions

ACN stock investors last saw insider trading activity on Jan 23.Unruch Joel (General Counsel/Corp Secretary) most recently sold 556 shares at $280.53 per share on Jan 23. This transaction cost the insider $155,976. Chief Leadership & HR Officer, Shook Ellyn, sold 5,250 shares at a price of $276.08 on Jan 20. Then, on Jan 20, Chair & CEO Sweet Julie Spellman sold 4,648 shares at a price of $276.41 per share. This transaction amounted to $1,284,763.

Valuation Metrics

ACN stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.82 while the price-to-book (PB) in the most recent quarter is 7.54, with the price to cash flow ratio at 27.85.

Accenture plc’s quick ratio for the period ended August 30 was 1.30, with the current ratio over the same period at 1.30.. In terms of profitability, the gross margin trailing 12 months is 32.00%. The firm’s gross profit as reported stood at $19.7 billion against revenue of $61.59 billion.

Earnings Surprise

For the quarterly period ending August 30 this year, Accenture plc’s cash and short-term investments amounted to $4.1 million against total debt of $3.33 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 8.85% to $1.96 billion, while revenue of $1.67 billion was 15.26% off the previous quarter. Analysts expected ACN to announce $2.55 per share in earnings in its latest quarter, but it posted $2.58, representing a 1.20% surprise. EBITDA for the quarter stood at more than $3.1 billion. ACN stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 23.45 billion, with total debt at $3.33 billion. Shareholders hold equity totaling $658.89 million.

Let’s look briefly at Accenture plc (ACN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 47.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.43%.

The stock’s 5-day moving average is $277.09, reflecting a -3.51% or -$10.01 change from its current price. ACN is currently trading +3.82% above its 20-day SMA, -6.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.16% and SMA200 by-19.22%.

Stochastic %K and %D was 63.37% and 61.12% and the average true range (ATR) pointed at 7.05. The RSI (14) points at 48.55%, while the 14-day stochastic is at 50.75% with the period’s ATR at 7.26. The stock’s 9-day MACD Oscillator is pointing at -1.49 and 1.97 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Accenture plc (NYSE: ACN), Piper Sandler downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ACN stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ACN as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.

What is ACN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $245.00 and a high of $360.00, with their median price target at $310.00. Looking at these predictions, the average price target given by analysts is for Accenture plc (ACN) stock is $312.04.

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