Accenture plc (ACN) Stock: Seeing Gains In Today’s Session

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Accenture plc (ACN) is working its way for to the top in the market in today’s trading session. The company, focused on the tech sector, is currently priced at $165.24 after climbing -1.78% so far in today’s session. In terms of tech companies, there are quite a few aspects that have the ability to generate gains in the market. One of the most common is news. Here are the recent trending headlines associated with ACN:

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Mar-21-19 10:30AM Earnings Preview: Accenture (ACN) Q2 Earnings Expected to Decline
Mar-20-19 09:35AM Changing Investor Demographics, New Industry Players and Rise of Digital Tools Causing Fundamental Shift in Wealth Management, According to Report from IIROC and Accenture
Mar-19-19 02:16PM Want to scale your AI? Teach it ethics.
07:00AM Nearly Half of Canadian Consumers Willing to Share Significant Personal Data with Banks and Insurers in Exchange for Lower Pricing, Accenture Study Finds
Mar-18-19 04:16PM Accenture Acquires Storm Digital to Boost Dutch Presence

Nonetheless, when making a decision with regard to investing, prospective investors should look into far more than news, this is especially the case in the ever evolving tech space. Here’s what’s happening with Accenture plc.

Recent Movement Out of ACN

Although a single session gain, like the move that we’re seeing from Accenture plc may lead to excitement in some investors, a single session move by itself should not be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to look at trends experienced by the stock further out than a single trading day. As it relates to ACN, below are the returns on investment that investors have seen:

  • Past 7 Days – In the past 7 days, ACN has seen a price change in the amount of -0.69%.
  • Monthly – The return from Accenture plc throughout the past 30 days comes to 3.58%.
  • Past 3 Months – Over the past three months, the stock has generated a return on investment that comes to 9.46%
  • Past 6 Months – Throughout the last 6 months, investors have seen a performance of -4.56% from the company.
  • Year To Date – Since the the last trading session of last year ACN has produced a return of 17.18%.
  • Full Year – Finally, in the past full year, investors have seen performance of 1.98% from ACN. In this period of time, the stock has traded at a high price of -5.92% and a low price of 24.59%.

Ratios Of Note

Digging into a few key ratios associated with a company generally gives investors an understanding of just how risky and/or potentially profitable a stock pick may be. Here are some of the most important ratios to look at when looking at ACN.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. As the short ratio climbs, it shows that more investors have a belief that the value of the stock is headed for declines. Across the sector, strong technology stocks tend to come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, as it relates to Accenture plc, it’s short ratio comes to 2.58.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure whether or not a company can pay for its debts when they come due with only current assets or quick assets. Because in tech, several companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can seem damning. However, several gems in the technology sector do have positive current and quick ratios. When it comes to ACN, the quick and current ratios total up to 1.30 and 1.30 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. In this particular case, that ratio works out to 19.85.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of the company’s stock. When it comes to ACN, the cash to share value ratio is 6.92.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ACN, here’s what we’re seeing:

  • Institutions – Currently, institutional investors own 76.50% of the company. Nonetheless, it is important to consider that the ownership held by institutions has seen a move in the amount of -0.54% over the last quarter.
  • Insiders – When it comes to insiders, insiders of the company currently hold 0.20% of the company. Their ownership of the company has changed by -11.63% throughout the past quarter.

Analyst Opinions With Regard To Accenture plc

Although it’s not a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their thoughts to validate your own thoughts when it comes to making an investment decision in the technology space. Below are the recent moves that we have seen from analysts with regard to ACN.

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Jan-16-19 Upgrade Citigroup Neutral → Buy
Jan-08-19 Upgrade BofA/Merrill Neutral → Buy
Oct-04-18 Initiated MoffettNathanson Buy
Sep-20-18 Reiterated Deutsche Bank Buy $170 → $180
Jun-29-18 Downgrade BofA/Merrill Buy → Neutral

Financial Performance

What have ween seen from ACN in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands, analysts expect that the company will create earnings per diluted share in the amount of 7.88, with 1.57 to be announced in the earnings announcement for the current quarter. Although this data isn’t associated with earnings, since we are talking about analysts, the stock is presently rated a 2.10 on a scale from 1 to 5 where 1 is the poorest possible Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – In the last 5 years, Accenture plc has created a change in sales volume that works out to 6.50%. Earnings per share through the period have experienced a change of 6.00%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly explained in the world of humans, the company has experienced a earnings change by 9.60%. Accenture plc has also seen a change with regard to sales that adds up to 7.30%.

What’s Going On With Share Counts?

Investors seem to have an interest in the total numbers of shares both available and outstanding. In terms of Accenture plc, currently there are 631.43M and there is a float of 607.19M. These data mean that out of the total of 631.43M shares of ACN in existence today, 607.19M are able to be traded by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ACN, the short percent of the float is 0.84%.

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