Stocks of Accenture plc (NYSE:ACN) traded higher last session on Wall Street, down -0.47% to $303.19.
ACN stock price is now 0.55% away from the 50-day moving average and -8.05% away from the 200-day moving average. The market capitalization of the company currently stands at $203.73B.
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With the price target reduced from $382 to $300, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Accenture plc (NYSE: ACN). On June 24, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $335, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, PELISSON Gilles, Director sold 7,288 shares of the company’s stock on May 13 ’24. The stock was sold for $2,244,878 at an average price of $308.02. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, Chief Leadership & HR Officer Shook Ellyn sold 5,000 shares of the business’s stock. A total of $1,536,112 was realized by selling the stock at an average price of $307.22. This leaves the insider owning 13,699 shares of the company worth $4.15 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 $278.69 and a high of $387.51. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.16, and a quick ratio of 1.16. According to the stock market information, the enterprise value for the company is $189848190976, which is based on a 27.75 price-to-earnings ratio, a 3.66 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for ACN is $301.3136 and a two-hundred day moving average price translates $329.6253 for the stock.
The latest earnings results from Accenture plc (NYSE: ACN) was released for 2024-05-31. The net profit margin was 10.78% and return on equity was 26.20% for ACN. The company reported revenue of $16.47 billion for the quarter, compared to $16.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.59 percent.
