Accenture plc [NYSE: ACN] traded at a high on 06/29/21, posting a 0.86 gain after which it closed the day’ session at $296.43. The company report on June 30, 2021 that Accenture Acquires Bionic to Help Brands Drive Customer Growth and Innovation.
Bionic’s proprietary Growth OS solution enables Accenture Interactive clients to innovate like start-ups.
Accenture (NYSE: ACN) announced it has acquired Bionic to help clients ignite customer growth through an entrepreneurial approach designed for large organizations, enabling them to launch new products and businesses that fulfill unmet customer needs. The acquisition strengthens Accenture Interactive’s ability to help its clients drive growth by reimagining experiences and seizing new market and customer opportunities with less risk and more confidence.
The results of the trading session contributed to over 2054758 shares changing hands. Over the past one week, the price volatility of Accenture plc stands at 1.54% while the volatility over the past one month is 1.18%.
The market cap for ACN stock reached $195.09 billion, with 635.20 million shares outstanding and 634.66 million shares in the current float. Compared to the average trading volume of 1.92M shares, ACN reached a trading volume of 2054758 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Accenture plc [ACN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACN shares is $314.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACN stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Accenture plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 23, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on June 21, 2021, representing the official price target for Accenture plc stock. Previously, the target price had yet another raise to $300, while BofA Securities analysts kept a Buy rating on ACN stock. On March 08, 2021, analysts increased their price target for ACN shares from 267 to 290.
The Average True Range (ATR) for Accenture plc is set at 4.08, with the Price to Sales ratio for ACN stock in the period of the last 12 months amounting to 4.07. The Price to Book ratio for the last quarter was 9.73, with the Price to Cash per share for the same quarter was set at 15.22. Price to Free Cash Flow for ACN in the course of the last twelve months was 27.95 with Quick ratio for the last quarter at 1.40.
How has ACN stock performed recently?
Accenture plc [ACN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.77. With this latest performance, ACN shares gained by 5.06% in over the last four-week period, additionally plugging by 14.15% over the last 6 months – not to mention a rise of 39.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACN stock in for the last two-week period is set at 68.27, with the RSI for the last a single of trading hit 75.11, and the three-weeks RSI is set at 64.04 for Accenture plc [ACN]. The present Moving Average for the last 50 days of trading for this stock 286.65, while it was recorded at 292.45 for the last single week of trading, and 259.24 for the last 200 days.
Accenture plc [ACN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Accenture plc [ACN] shares currently have an operating margin of +14.80 and a Gross Margin at +31.64. Accenture plc’s Net Margin is presently recorded at +11.52.
Return on Total Capital for ACN is now 36.62, given the latest momentum, and Return on Invested Capital for the company is 29.92. Return on Equity for this stock inclined to 32.52, with Return on Assets sitting at 15.28. When it comes to the capital structure of this company, Accenture plc [ACN] has a Total Debt to Total Equity ratio set at 20.50. Additionally, ACN Total Debt to Total Capital is recorded at 17.01, with Total Debt to Total Assets ending up at 9.40. Long-Term Debt to Equity for the company is recorded at 16.01, with the Long-Term Debt to Total Capital now at 13.29.
Reflecting on the efficiency of the workforce at the company, Accenture plc [ACN] managed to generate an average of $10,095 per employee. Receivables Turnover for the company is 5.56 with a Total Asset Turnover recorded at a value of 1.33.Accenture plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
Earnings analysis for Accenture plc [ACN]
With the latest financial reports released by the company, Accenture plc posted 1.99/share EPS, while the average EPS was predicted by analysts to be reported at 1.73/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 15.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Accenture plc go to 10.00%.
Insider trade positions for Accenture plc [ACN]
There are presently around $139,045 million, or 73.30% of ACN stock, in the hands of institutional investors. The top three institutional holders of ACN stocks are: VANGUARD GROUP INC with ownership of 55,779,550, which is approximately 1.141% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 48,229,508 shares of the stock with an approximate value of $14.17 billion in ACN stocks shares; and STATE STREET CORP, currently with $7.4 billion in ACN stock with ownership of nearly -2.097% of the company’s market capitalization.
Positions in Accenture plc stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 897 institutional holders increased their position in Accenture plc [NYSE:ACN] by around 19,155,925 shares. Additionally, 743 investors decreased positions by around 18,105,082 shares, while 289 investors held positions by with 435,841,443 shares. The mentioned changes placed institutional holdings at 473,102,450 shares, according to the latest SEC report filing. ACN stock had 153 new institutional investments in for a total of 2,504,442 shares, while 94 institutional investors sold positions of 2,726,223 shares during the same period.