Is Accenture Inventory Underperforming the Dow? | U.S. Finance Information
Headquartered in Dublin, Eire, Accenture plc (ACN) is a world chief in skilled providers, offering systems integration and utility management, security, clever platform, and automation providers. With a market capitalization of $218.09 billion, the company presents its providers globally, aiding purchasers to construct their digital core, remodel their operations, and speed up income growth.
Firms value $200 billion or more are usually described as “mega-cap stocks,” and ACN suits proper into that class, signifying its substantial measurement, stability, and dominance within the info technology industry. Serving quite a few purchasers within the Fortune World 100 and the Fortune World 500, Accenture has advanced as a trusted and viable consulting providers supplier by way of its digital, cloud & security strategy.
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Nevertheless, the consulting giant has fallen 12.5% since hitting its 52-week high of $398.35 on February 5. Furthermore, shares of ACN have declined 3.8% over the previous three months, in comparison with the Dow Jones Industrials Common’s ($DOWI) 2% decline over the identical time period.
Furthermore, ACN shares have gained 3.3% over the previous six months however declined 7.8% over the previous 52 weeks. In contrast, DOWI has gained 6.7% over the previous six months and 12.6% over the previous 52 weeks.
ACN has been trading under its 50-day shifting average since mid-February however above its 200-day shifting average since early July.
Accenture’s underperformance over the previous yr stems from decreased consumer spending on non-essential providers like consultancy and delayed income as corporations shift budgets towards long-term priorities.
Nevertheless, ACN shares jumped 7.1% with its fiscal 2025 Q1 release on Dec. 19. The company reported a 9% year-over-year increase in its income and an EPS of $3.59, surpassing the Wall Avenue EPS estimates by 6.2%.
Within the aggressive tech sector, Accenture’s prime rival, Worldwide Enterprise Machines Company (IBM), is within the lead, with its shares gaining 27.2% over the previous six months and 36.2% over the previous 52 weeks.
Nevertheless, Wall Avenue analysts stay moderately bullish on ACN’s prospects. The stock holds a consensus “Moderate Buy” ranking from the 25 analysts masking it. The imply goal of $403.79 suggests a potential upside of 15.9% from the present market costs.
On the date of publication, Kritika Sarmah didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. For more info please view the Barchart Disclosure Coverage right here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
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