Accenture plc [NYSE: ACN] price plunged by -2.38 percent to reach at -$7.21. The company report on June 8, 2022 that More Than 60% of Companies Are Only Experimenting with AI, Creating Significant Opportunities for Value on their Journey to AI Maturity, Accenture Research Finds.
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While the majority of organizations that use artificial intelligence (AI) are still experimenting with the technology, only 12% are using it at an AI maturity level that achieves a strong competitive advantage, according to new global research from Accenture (NYSE: ACN).
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A sum of 2492184 shares traded at recent session while its average daily volume was at 2.41M shares. Accenture plc shares reached a high of $302.62 and dropped to a low of $294.75 until finishing in the latest session at $295.43.
The one-year ACN stock forecast points to a potential upside of 25.91.
Guru’s Opinion on Accenture plc [ACN]:
Goldman have made an estimate for Accenture plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price from $380 to $420. The new note on the price target was released on December 17, 2021, representing the official price target for Accenture plc stock. Previously, the target price had yet another raise from $340 to $397, while UBS kept a Neutral rating on ACN stock. On December 17, 2021, analysts increased their price target for ACN shares from 395 to 440.
The Average True Range (ATR) for Accenture plc is set at 8.88, with the Price to Sales ratio for ACN stock in the period of the last 12 months amounting to 3.47. The Price to Book ratio for the last quarter was 9.11, with the Price to Cash per share for the same quarter was set at 8.22. Price to Free Cash Flow for ACN in the course of the last twelve months was 44.33 with Quick ratio for the last quarter at 1.20.
ACN Stock Performance Analysis:
Accenture plc [ACN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.65. With this latest performance, ACN shares gained by 2.73% in over the last four-week period, additionally sinking by -21.12% over the last 6 months – not to mention a rise of 3.94% 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 47.92, with the RSI for the last a single of trading hit 47.53, and the three-weeks RSI is set at 47.09 for Accenture plc [ACN]. The present Moving Average for the last 50 days of trading for this stock 307.04, while it was recorded at 302.86 for the last single week of trading, and 338.30 for the last 200 days.
Insight into Accenture plc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Accenture plc [ACN] shares currently have an operating margin of +15.29 and a Gross Margin at +32.59. Accenture plc’s Net Margin is presently recorded at +11.69.
Return on Total Capital for ACN is now 34.65, given the latest momentum, and Return on Invested Capital for the company is 28.13. Return on Equity for this stock inclined to 32.34, with Return on Assets sitting at 14.72. When it comes to the capital structure of this company, Accenture plc [ACN] has a Total Debt to Total Equity ratio set at 17.96. Additionally, ACN Total Debt to Total Capital is recorded at 15.22, with Total Debt to Total Assets ending up at 8.12. Long-Term Debt to Equity for the company is recorded at 14.08, with the Long-Term Debt to Total Capital now at 11.94.
Reflecting on the efficiency of the workforce at the company, Accenture plc [ACN] managed to generate an average of $9,466 per employee. Receivables Turnover for the company is 5.75 with a Total Asset Turnover recorded at a value of 1.26.Accenture plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
ACN Stock EPS
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 12.69%.
Accenture plc [ACN] Insider Position Details
There are presently around $143,579 million, or 74.10% of ACN stock, in the hands of institutional investors. The top three institutional holders of ACN stocks are: VANGUARD GROUP INC with ownership of 56,646,379, which is approximately 0.79% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 47,216,394 shares of the stock with an approximate value of $14.29 billion in ACN stocks shares; and STATE STREET CORP, currently with $8.08 billion in ACN stock with ownership of nearly 2.186% 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 973 institutional holders increased their position in Accenture plc [NYSE:ACN] by around 23,077,419 shares. Additionally, 965 investors decreased positions by around 24,538,491 shares, while 294 investors held positions by with 426,806,037 shares. The mentioned changes placed institutional holdings at 474,421,947 shares, according to the latest SEC report filing. ACN stock had 145 new institutional investments in for a total of 5,840,847 shares, while 147 institutional investors sold positions of 3,133,916 shares during the same period.