Monitor The Insider Activity Of Accenture plc (ACN)


As of Friday close, Accenture plc’s (NYSE:ACN) stock was down -$2.92, moving down -1.15 percent to $250.00. The average number of shares traded per day over the past five days has been 4,251,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.95 fall in that time frame. In the last twenty days, the average volume was 2,566,130, while in the previous 50 days, it was 2,256,034.

Since last month, ACN stock retreated -13.09%. Shares of the company fell to $242.80 on 03/15/23, the lowest level in the past month. A 52-week high of $345.30 was reached on 02/02/23 after having rallying from a 52-week low of $242.80. Since the beginning of this year, ACN’s stock price has dropped by -6.31% or -$16.84, and marked a new high 6 times. However, the stock has declined by -27.60% since its 52-week high.

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ACN stock investors should be aware that Accenture plc (ACN) stock had its last reported insider trading activity 43 days ago on Feb 03. Sweet Julie Spellman, the Chair & CEO of the company, disposed of 6,511 shares for $288.31 on Feb 03. It resulted in a $1,877,175 divestment by the insider. Sharma Manish sold 1,874 shares at an average price of $287.20 on Feb 03. The insider now owns 2,980 shares following the transaction. On Jan 23, General Counsel/Corp Secretary Unruch Joel sold 556 shares at $280.53 apiece. The transaction was valued at $155,976.

Valuation Metrics

Right now, Accenture plc (ACN) has a P/E ratio of about 22.70. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 2.71, the price-to-book (PB) ratio of 6.86, and the price-to-cash flow ratio of 26.73 may also be considered.

The latest dividend of $1.12 per share was paid out, remained unchanged from last year’s $1.12. On Thursday September 22 2022, a $0.15 dividend increase was announced.

Financial Health

In the three months ended November 29, 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 32.00% percent. In the year ended November 29, operating margins totaled 15.10%. Based on annual data, ACN earned $19.7 billion in gross profit and brought in $61.59 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 31.90%. Return on equity (ROE) for the past 12 months was 32.40%.

In Accenture plc’s quarter-end financial report for November 29, it reported total debt of $45.12 million against cash and short-term investments of $4.1 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 4.97% to $15.42 billion during the quarter, while net income inched up to $15.75 billion. While analysts expected Accenture plc to report $2.91 quarterly earnings, the actual figure was $3.08 per share, beating the consensus estimate by 5.80%. During the quarter, the company generated $3.1 billion in EBITDA. The liabilities of Accenture plc were 23.45 billion at the end of its most recent quarter ended November 29, and its total debt was $3.3 billion. The value of shareholders’ equity is $658.89 million.

Technical Picture

This quick technical analysis looks at Accenture plc’s (ACN) price momentum. With a historical volatility rate of 24.33%, the RSI 9-day stood at 32.65% on 17 March.

With respect to its five-day moving average, the current Accenture plc price is down by -1.17% percent or -$2.95. At present, ACN shares trade -11.10% below its 20-day simple moving average and -7.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.18% below its SMA50 and -16.24% below its SMA200.

Stochastic coefficient K was 23.58% and Stochastic coefficient D was 18.38%, while ATR was 6.85. Given the Stochastic reading of 24.62% for the 14-day period, the RSI (14) reading has been calculated as 34.30%. As of today, the MACD Oscillator reading stands at -5.13, while the 14-day reading stands at -9.35.

Analyst Ratings

Wells Fargo launched its rating on Accenture plc (NYSE: ACN) to an Equal weight in a note to investors on January 30, 2023. Accenture plc (ACN) has been rated Overweight by analysts. According to 1 brokerage firm, ACN is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Accenture plc stock as buy, with 16 recommending it as overweight.

With a median target price of $306.25, the current consensus forecast for the stock is $245.00 – $360.00. Based on these forecasts, analysts predict Accenture plc (ACN) will achieve an average price target of $310.80.


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