Accenture plc. (NYSE:ACN) has tumbled 0.59% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.94% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.6% and the outperformance has advanced to 0.02% for the last 4 weeks period.
Accenture plc. (NYSE:ACN): The stock opened at $118.09 on Friday but the bulls could not build on the opening and the stock topped out at $118.11 for the day. The stock traded down to $116.79 during the day, due to lack of any buying support eventually closed down at $117.57 with a loss of -0.62% for the day. The stock had closed at $118.30 on the previous day. The total traded volume was 2,216,526 shares.
The company shares have rallied 19.25% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $120.15 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $117.10 and the 200 Day Moving Average price is recorded at $108.59.
On the companys insider trading activities, Lumb Richard, officer (Group Chief Executive-Fin Serv) of Accenture Plc, unloaded 2,500 shares at an average price of $116.45 on May 11, 2016. The total amount of the transaction was worth $291,125, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Cowen & Company maintains their rating on the shares of Accenture plc. (NYSE:ACN). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $130 per share from $118 per share. The rating by the firm was issued on May 31, 2016. Currently the company Insiders own 0.17% of Accenture plc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.59% . Institutional Investors own 76.97% of Accenture plc. shares. During last six month period, the net percent change held by insiders has seen a change of -9.62%.
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.