The Vanguard Group, Inc. has recently announced that it has increased stake in Accenture plc (NYSE:ACN) by 0.28%. After grabbing 55.78 million shares, the institutional investor is now in possession of 0.16 million shares of the Technology Company. The new investment brought the stake of investor firm to 8.89% having worth around $18.58 billion. Moreover, BlackRock Fund Advisors increased its share by 0.15 million to have a control over 31.49 million shares. And Geode Capital Management LLC raised its holdings to 0.27 million shares by acquiring 12.09 million shares or 1.93% of the stake.
Accenture plc (ACN) concluded trading on December 20, 2023 at a closing price of $339.50, with 3.38 million shares of worth about $1.15 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.50% during that period and On Wednesday the price saw a loss of about -0.59%. Currently the company’s common shares owned by public are about 628.27M shares, out of which, 625.35M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 366 times over the past 12 months. They bought 175,286 shares in 193 of the transactions. In 173 selling transactions, insiders dumped 200,456 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Fidelity 500 Index Fund are the top 3 mutual funds which are holding stakes in Accenture plc Vanguard Total Stock Market ETF is currently holding 19.75 million shares of worth totaling $6.58 billion. The company recently came buying 93939.0 shares which brought its stake up to 3.15% of the company’s outstanding shares. Vanguard 500 Index Fund bought 71816.0 shares, after which its hold over company’s outstanding shares expand to 2.43%, leaving 15.23 million shares with the mutual fund that have a worth of about $5.07 billion. Fidelity 500 Index Fund, after buying 7.3 million shares, have now control over 1.16% of the stake in the company. It holds 58186.0 shares of worth $2.43 billion.
However, the stock later moved at a day high price of 346.63, or with a loss of -0.59%. Stock saw a price change of -1.20% in past 5 days and over the past one month there was a price change of 2.60%. Year-to-date (YTD), ACN shares are showing a performance of 27.23% which increased to 32.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $242.80 but also hit the highest price of $346.96 during that period. The average intraday trading volume for Accenture plc shares is 2.00 million. The stock is currently trading 0.65% above its 20-day simple moving average (SMA20), while that difference is up 6.09% for SMA50 and it goes to 11.82% higher than SMA200.
The Vanguard Group, Inc. acquired 55.78 million shares of Accenture plc having value of about $18.58 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.16 million shares in the company valued at close to $53695999.0, or have control over 0.28% stake in the company. Accenture plc (NYSE: ACN) currently have 628.27M outstanding shares and institutions hold larger chunk of about 77.68% of that. Holding of mutual funds in the company is about 35.24% while other institutional holders and individual stake holders have control over 43.22% and 0.53% of the stake respectively.
The stock has a current market capitalization of $212.86B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 31.46, while it has posted earnings per share of $10.79 in the same period. Its PEG reads 3.55 and has Quick Ratio of 1.33 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACN, volatility over the week remained 2.31% while standing at 1.39% over the month.
Analysts are in expectations that Accenture plc (ACN) stock would likely to be making an EPS of $2.71 in the current quarter, while forecast for next quarter EPS is $3.32 and it is $13.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.51 which is $3.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.88% while it is estimated to increase by 8.79% in next year. EPS is likely to shrink at an annualized rate of 8.85% for next 5-years, compared to annual growth of 11.18% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Redburn Atlantic on November 16, 2023 offering a Buy rating for the stock and assigned a target price of $410 to it.
