The stock of Accenture plc (NYSE:ACN) decreased by -$0.39 on Wednesday to $323.06, down -0.12 percent. The last five days have seen an average of 1,345,127 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $56.23. The average number of shares traded over the last 20 days was 1,458,642, while the average volume over the last 50 days totaled 1,884,179.
ACN stock appreciated 0.65% since last month. On 08/18/23, the company’s shares reached a one-month low of $301.31. The stock touched a high of $327.93 on 06/16/23, after rallying from a low of $242.80 in 52 weeks. The price of ACN stock has risen by 21.07% or $56.23 this year, reaching a new high 10 times. Still, the stock price is down -1.49% from the 52-week high.
Insider Transactions
ACN stock investors should be aware that Accenture plc (ACN) stock had its last reported insider trading activity 22 days ago on Aug 08. On Aug 08, CEO-Growth Markets Framil Leonardo sold 3,000 shares at $311.52 each. This transaction resulted in the insider making $934,548. On Jul 27, Unruch Joel sold 7,000 shares at a price of US$320.60. After the transaction, the insider now owns 36,034 shares. Chief Leadership & HR Officer Shook Ellyn had earlier sold 5,250 shares on Jul 21 for $315.00 a share. The transaction was completed for $1,653,746.
Valuation Metrics
Accenture plc (ACN) has a trailing price-to-earnings (P/E) ratio of 28.78. Beta for the stock is 1.21. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.33, the price-to-book (PB) ratio of 8.05, and the price-to-cash flow ratio of 22.55.
Company paid $1.12 per share in dividends, remained unchanged from $1.12 last year. A $0.15 dividend increase was reported on Thursday September 22 2022.
Financial Health
For the three months ended May 30, Accenture plc’s quick ratio was 1.40, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 32.30% percent. Accenture plc’s EBITDA margin for the year ended May 30 was 17.49%, whereas its operating margin stood at 14.40% for the same period. Based on annual data, it had gross profit of $19.7 billion and revenue of $61.59 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ACN’s return on assets (ROA) during the last 12 months has been 14.90%. There was a 31.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.40%.
Earnings Surprise
According to Accenture plc’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $16.56 billion, while revenues rose by 2.45% to $15.81 billion. It was predicted that Accenture plc’s quarterly earnings would be $3.19, but it ended up being $3.04, beating the consensus by 4.90%. EBITDA was $2.96 billion for the quarter. At the end of Accenture plc’s most recent quarter ended May 30, its liabilities totaled 24.07 billion, while its total debt was $3.1 billion. Equity owned by shareholders amounts to $664.65 million.
Technical Picture
Here’s a quick look at Accenture plc’s (ACN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 69.42%, suggesting the stock is Neutral, with a 13.03% historical volatility rate.
The stochastic %K and %D were 94.67% and 92.70% respectively, while the average true range (ATR) was 4.68. Based on the 14-day stochastic reading of 94.36%, the RSI (14) reading is 63.23%. On the 9-day MACD Oscillator, the stock is at 7.59, and the 14-day reading is at 9.94.
Analyst Ratings
Accenture plc (NYSE: ACN) was downgraded by TD Cowen to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Accenture plc (ACN) an Overweight rating. ACN is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 15 others recommend it as a buy.
What is ACN’s price target for the next 12 months?
The current consensus forecast for the stock is between $293.00 and $380.00, with a median target price of $340.50. In analyzing these forecasts, the average price target given by analysts for Accenture plc (ACN) is $339.15.
