Stocks of Accenture plc (NYSE:ACN) traded higher last session on Wall Street, down -2.18% to $337.50.
ACN stock price is now -8.77% away from the 50-day moving average and 1.85% away from the 200-day moving average. The market capitalization of the company currently stands at $211.61B.
With the price target reduced from $400 to $360, Susquehanna Downgraded its rating from Positive to Neutral for Accenture plc (NYSE: ACN). On March 19, 2024, Guggenheim recently initiated its ‘Buy’ rating on the stock quoting a target price of $425, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Sweet Julie Spellman, Chair and CEO sold 7,361 shares of the company’s stock on Feb 05 ’24. The stock was sold for $2,726,126 at an average price of $370.35. Upon completion of the transaction, the Chair and CEO now directly owns 18,713 shares in the company, valued at $6.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’24, Chief Financial Officer McClure Kathleen R sold 2,070 shares of the business’s stock. A total of $766,555 was realized by selling the stock at an average price of $370.32. This leaves the insider owning 47,110 shares of the company worth $15.9 million. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Accenture plc has had a low of $253.03 and a high of $387.51. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 1.26, and a quick ratio of 1.26. According to the stock market information, the enterprise value for the company is $210.23B, which is based on a 30.59 price-to-earnings ratio, a 4.03 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for ACN is $369.77 and a two-hundred day moving average price translates $331.51 for the stock.
The latest earnings results from Accenture plc (NYSE: ACN) was released for Feb, 2024. According to the Information Technology Services Company, earnings per share came in at $2.77, beating analysts’ expectations of $2.66 by 0.11. This compares to $2.43 EPS in the same period last year. The net profit margin was 10.89% and return on equity was 27.64% for ACN. The company reported revenue of $15.8 billion for the quarter, compared to $15.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.09 percent. For the current quarter, analysts expect ACN to generate $16.72B in revenue.
