A share price of Accenture plc [ACN] is currently trading at $377.91, up 0.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACN shares have gain 4.12% over the last week, with a monthly amount glided 1.84%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, George Mason University Engages Accenture to Transform Student Experience with Salesforce Education Cloud. In a post published today on Yahoo Finance, George Mason University and Accenture (NYSE: ACN) finalized a two-year agreement to roll out Salesforce Education Cloud and new marketing solutions as part of the university’s efforts to transform the student experience.
From an analyst’s perspective:
Accenture plc [NYSE: ACN] stock has seen the most recent analyst activity on January 30, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $426. Previously, Exane BNP Paribas upgraded its rating to Outperform on January 17, 2024, and kept the price target unchanged to $440. On November 16, 2023, Redburn Atlantic initiated with a Buy rating and assigned a price target of $410 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $333 on November 07, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $300 on June 23, 2023. Piper Sandler upgraded its rating to Neutral for this stock on June 15, 2023, and upped its price target to $316. In a note dated April 05, 2023, Edward Jones upgraded an Buy rating on this stock.
Accenture plc experienced fluctuations in its stock price throughout the past year between $242.80 and $380.30. Currently, Wall Street analysts expect the stock to reach $375.95 within the next 12 months. Accenture plc [NYSE: ACN] shares were valued at $377.91 at the most recent close of the market. An investor can expect a potential drop of -0.52% based on the average ACN price forecast.
Analyzing the ACN fundamentals
Trailing Twelve Months sales for Accenture plc [NYSE:ACN] were 64.59B which represents 3.03% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 375.29 points at the first support level, and at 372.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 380.14, and for the 2nd resistance point, it is at 382.37.
Accenture plc [ACN] reported earnings per share of $3.27 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.14/share, meaning a difference of $0.13 and a surprise factor of 4.10%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $2.71 per share as compared to estimates of $2.66 per share, a difference of $0.05 representing a surprise of 1.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Accenture plc [NYSE:ACN] is 1.33. In addition, the Quick Ratio stands at 1.33 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 3.67, the price to book ratio is 8.88 and price to earnings (TTM) ratio is 35.02.
Transactions by insiders
In the past 3 months, 0 insiders have purchased 0 shares, and 7 have sold 730 shares. Recent insider trading involved Sweet Julie Spellman, Chair and CEO, that happened on Feb 05 when 7361.0 shares were sold. Chief Financial Officer, McClure Kathleen R completed a deal on Feb 05 to sell 2070.0 shares. Meanwhile, CEO-North America Sharma Manish sold 1486.0 shares on Feb 05.
