The stock of Accenture plc (NYSE:ACN) last traded at $317.59, up 1.37% from the previous session.
Data from the available sources indicates that Accenture plc (NYSE:ACN) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $380.00 and a low of $293.00, we find $340.00. Given the previous closing price of $313.29, this indicates a potential upside of 8.53 percent. ACN stock price is now 4.21% away from the 50-day moving average and 12.41% away from the 200-day moving average. The market capitalization of the company currently stands at $209.42B.
In total, 10 analysts have assigned it a hold rating, and 15 have given it a buy rating. Brokers who have rated the stock have averaged $337.93 as their price target over the next twelve months.
With the price target reduced from $325 to $300, TD Cowen Downgraded its rating from Outperform to Market Perform for Accenture plc (NYSE: ACN).
In other news, Shook Ellyn, Chief Leadership & HR Officer sold 5,250 shares of the company’s stock on Jul 21. The stock was sold for $1,653,746 at an average price of $315.00. Upon completion of the transaction, the Chief Leadership & HR Officer now directly owns 21,958 shares in the company, valued at $6.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 14, Chief Executive – Europe Ollagnier Jean-Marc sold 6,250 shares of the business’s stock. A total of $1,976,177 was realized by selling the stock at an average price of $316.19. This leaves the insider owning 167,854 shares of the company worth $53.31 million. Insiders disposed of 225,593 shares of company stock worth roughly $71.65 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACN stock. A new stake in Accenture plc shares was purchased by MACKENZIE FINANCIAL CORP during the first quarter worth $709,483,000. FINDLAY PARK PARTNERS LLP invested $230,253,000 in shares of ACN during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Accenture plc valued at approximately $103,411,000. LA BANQUE POSTALE ASSET MANAGEMENT SA acquired a new stake in ACN for approximately $38,768,000. MIROVA purchased a new stake in ACN valued at around $35,546,000 in the second quarter. In total, there are 2,859 active investors with 75.40% ownership of the company’s stock.
With an opening price of $313.47 on Tuesday morning, Accenture plc (NYSE: ACN) set off the trading day. During the past 12 months, Accenture plc has had a low of $242.80 and a high of $327.93. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.40, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $194.89B, which is based on a 28.29 price-to-earnings ratio, a 3.27 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for ACN is $305.65 and a two-hundred day moving average price translates $282.74 for the stock.
The latest earnings results from Accenture plc (NYSE: ACN) was released for May, 2023. According to the Information Technology Services Company, earnings per share came in at $3.19, beating analysts’ expectations of $3.04 by 0.15. This compares to $2.84 EPS in the same period last year. The net profit margin was 11.30% and return on equity was 30.40% for ACN. The company reported revenue of $16.56 billion for the quarter, compared to $16.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.51 percent. For the current quarter, analysts expect ACN to generate $16.06B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 07/13/2023 were paid a $1.12 dividend. On an annualized basis, this represents a $4.48 dividend and a 1.41% percent yield. There was an ex-dividend date of 07/12/2023 for this dividend. In terms of dividend payout ratio, ACN is presently at 28.30%.
Accenture plc(ACN) Company Profile
Accenture plc, a professional services company, provides strategy and consulting, interactive, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprises turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services. It also provides change management, HR transformation and delivery, organization strategy and design, talent strategy and development, and leadership and culture services; digital commerce; infrastructure services, including cloud infrastructure managed, cloud and data center, network, digital workplace, database platforms, service management, and cloud and infrastructure security services; data-enabled operating models; technology consulting and AI services; and technology consulting services. In addition, the company offers engineering and R&D digitization, smart connected products, product as-a-service enablement, capital projects, intelligent asset management, digital industrial workforce, and autonomous robotic systems; business process outsourcing; and services related to technology innovation. Further, it provides cloud, ecosystem, marketing, security, supply chain management, zero-based transformation, customer experience, finance consulting, mergers and acquisitions, and sustainability services. The company has a collaboration with Amazon Web Services to develop cross-industry solutions. The company was founded in 1951 and is based in Dublin, Ireland.
