In yesterday’s Wall Street session, Accenture plc (NYSE:ACN) shares traded at $328.10, up 0.77% from the previous session.
ACN stock price is now 9.14% away from the 50-day moving average and -0.32% away from the 200-day moving average. The market capitalization of the company currently stands at $205.52B.
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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, McClure Kathleen R, Chief Financial Officer sold 1,500 shares of the company’s stock on Jul 15 ’24. The stock was sold for $472,500 at an average price of $315.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 38,570 shares in the company, valued at $12.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, CEO EMEA Ollagnier Jean-Marc sold 6,250 shares of the business’s stock. A total of $1,931,870 was realized by selling the stock at an average price of $309.10. This leaves the insider owning 155,331 shares of the company worth $50.96 million. A total of 0.24% 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 $205451427840, which is based on a 30.03 price-to-earnings ratio, a 4.19 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for ACN is $301.0692 and a two-hundred day moving average price translates $329.2601 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.
