A Guide To The Risks Of Investing In Accenture plc (ACN)


Accenture plc’s filing revealed that its Chair & CEO Sweet Julie Spellman unloaded Company’s shares for reported $2.23 million on Nov 04. In the deal valued at $259.42 per share,8,600 shares were sold. As a result of this transaction, Sweet Julie Spellman now holds 27,559 shares worth roughly $ 7.42 million.

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Then, Sweet Julie Spellman sold 8,600 shares, generating $2,447,682 in total proceeds. Upon selling the shares at $284.61, the Chair & CEO now owns 36,159 shares.

Before that, Unruch Joel sold 556 shares. Accenture plc shares valued at $152,240 were divested by the General Counsel/Corp Secretary at a price of $273.81 per share. As a result of the transaction, Unruch Joel now holds 37,320 shares, worth roughly $10.04 million.

Exane BNP Paribas downgraded its Accenture plc [ACN] rating to a Neutral from a an Outperform in a research note published on Monday. PT values the company’s stock at a premium of 15.92 to its Monday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering ACN and reiterated its “Peer perform” recommendation on December 17, 2021. UBS maintained its rating on December 17, 2021. It rated ACN as “a Neutral”.

Price Performance Review of ACN

On Monday, Accenture plc [NYSE:ACN] saw its stock jump 3.03% to $269.07. On the same session, the stock had its day’s lowest price of $261.37, but rose to a high of $269.11. Over the last five days, the stock has lost -5.22%. Accenture plc shares have fallen nearly -35.09% since the year began. Nevertheless, the stocks have fallen -26.97% over the past one year. While a 52-week high of $417.37 was reached on 01/03/22, a 52-week low of $242.95 was recorded on 10/13/22. SMA at 50 days reached $271.73, while 200 days put it at $299.15. A total of 2.17 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For ACN Stock

The 24-hour chart illustrates a support level at 263.92, which if violated will result in even more drops to 258.78. On the upside, there is a resistance level at 271.66. A further resistance level may holdings at 274.26. The Relative Strength Index (RSI) on the 14-day chart is 48.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.47%. Stochastics %K at 19.72% indicates the stock is a buying.

How much short interest is there in Accenture plc?

A steep rise in short interest was recorded in Accenture plc stocks on Jul 14, 2022, growing by 0.11 million shares to a total of 3.81 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.7 million shares. There was a rise of 2.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.47.

Accenture plc [ACN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 55,049,488 shares, or roughly 8.70% of the outstanding ACN shares. In other words, the investor’s shares have risen by 951,867 from its previous 13-F filing of 54097621.0. Additionally, BlackRock Fund Advisors decreased -3.39% of its stake after which the total value it holdings stand at $7,756,515,627, while SSgA Funds Management, Inc. reduced -2.63% of its stake to hold $6.69 billion in the firm. Over the last quarter, Massachusetts Financial Services sold -324,537 shares of Accenture plc, while Fidelity Management & Research Co sold 195,171 shares. At present, Wellington Management Co. LLP is holding 11,177,494 shares valued at $2.88 billion. Geode Capital Management LLC owned 10,933,097 shares of the company at the time of its most recent 13F filing, worth $2.81 billion.

According to FactSet, Accenture plc’s share price will average $315.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.7 percent from its previous closing price of $261.16. Analysts expect Accenture plc stock to reach the higher price of $375.00, while the lowest price estimate is $268.00. However, 26 analysts have rated ACN stock as an Overweight in their predictions for 2022. The most recent change occurred on December 17, 2021 when Deutsche Bank resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $440.


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