At the last check on Monday, Accenture plc’s (NYSE:ACN) stock was down -$5.13, moving down -1.62 percent to $312.00. The average number of shares traded per day over the past five days has been 1,712,240 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.55 fall in that time frame. In the last twenty days, the average volume was 1,878,060, while in the previous 50 days, it was 2,574,632.
Since last month, ACN stock rose 1.31%. Shares of the company fell to $304.12 on 07/10/23, the lowest level in the past month. A 52-week high of $327.93 was reached on 06/16/23 after having rallying from a 52-week low of $242.80. Since the beginning of this year, ACN’s stock price has risen by 16.92% or $45.16, and marked a new high 10 times. However, the stock has declined by -4.86% since its 52-week high.
ACN stock investors should be aware that Accenture plc (ACN) stock had its last reported insider trading activity 9 days ago on Jul 27. Unruch Joel, the General Counsel/Corp Secretary of the company, disposed of 7,000 shares for $320.60 on Jul 27. It resulted in a $2,244,229 divestment by the insider. Shook Ellyn sold 5,250 shares at an average price of $315.00 on Jul 21. The insider now owns 21,958 shares following the transaction. On Jul 14, Chief Executive – Europe Ollagnier Jean-Marc sold 6,250 shares at $316.19 apiece. The transaction was valued at $1,976,177.
Valuation Metrics
Right now, Accenture plc (ACN) has a P/E ratio of about 27.80. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 3.30, the price-to-book (PB) ratio of 7.78, and the price-to-cash flow ratio of 31.50 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 May 30, Accenture plc’s quick ratio stood at 1.40, while its current ratio was 1.40, 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 17.49%, whereas operating margins totaled 14.40%. 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 30.40%.
In Accenture plc’s quarter-end financial report for May 30, it reported total debt of $43.87 million against cash and short-term investments of $4.48 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 2.45% to $15.81 billion during the quarter, while net income inched up to $16.56 billion. While analysts expected Accenture plc to report $3.04 quarterly earnings, the actual figure was $3.19 per share, beating the consensus estimate by 4.90%. During the quarter, the company generated $2.96 billion in EBITDA. The liabilities of Accenture plc were 24.07 billion at the end of its most recent quarter ended May 30, and its total debt was $3.1 billion. The value of shareholders’ equity is $664.65 million.
Technical Picture
This quick technical analysis looks at Accenture plc’s (ACN) price momentum. With a historical volatility rate of 16.23%, the RSI 9-day stood at 42.59% on 04 August.
With respect to its five-day moving average, the current Accenture plc price is down by -1.13% percent or -$3.55. At present, ACN shares trade +2.04% above its 20-day simple moving average and +24.15% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.30% above its SMA50 and +18.98% above its SMA200.
Stochastic coefficient K was 36.50% and Stochastic coefficient D was 50.66%, while ATR was 5.49. Given the Stochastic reading of 9.50% for the 14-day period, the RSI (14) reading has been calculated as 47.87%. As of today, the MACD Oscillator reading stands at -1.33, while the 14-day reading stands at -1.11.
Analyst Ratings
Accenture plc downgraded its rating on Accenture plc (NYSE: ACN) to a Market perform in a note to investors on June 23, 2023. 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 $340.00, the current consensus forecast for the stock is $293.00 – $380.00. Based on these forecasts, analysts predict Accenture plc (ACN) will achieve an average price target of $337.93.
