Imagine if you had invested $100 in Accenture (NYSE: ACN) stock five years ago on March 13, 2019. Today, that investment would be worth $228.38, with ACN’s current price sitting at $378.32.
During this time period, Accenture has consistently outperformed the market, boasting an impressive average annual return of 17.99%. In fact, the compound annual total return to shareholders over the last five fiscal years was 16%, surpassing both the S&P 500 (11%) and the S&P 500 IT Sector Index (20%).
Not only has Accenture’s stock price seen significant growth, but the company has also achieved compound earnings per share (EPS) growth of approximately 14% per year. This showcases the remarkable performance and growth of Accenture in the market over the past five years.
ACN Stock Analysis: March 13, 2024 Update and Performance Overview
On March 13, 2024, ACN stock experienced a slight decrease in value, closing at $378.72. This represents a $1.76 drop from the previous market close, a decrease of 0.46%. Despite this drop, ACN is still trading near the top of its 52-week range and above its 200-day simple moving average.
The fact that ACN is trading near the top of its 52-week range indicates that the stock has been performing well over the past year. Additionally, trading above the 200-day simple moving average suggests that the stock is in an uptrend, further supporting the notion of a strong performance.
It is worth noting that ACN stock remained unchanged in after-hours trading, indicating that there was no significant movement in the stock price after the market closed. This could suggest that investors are holding onto their positions and waiting for more information before making any significant trades.
Overall, while ACN experienced a slight drop in value on March 13, 2024, the stock’s performance indicators suggest that it is still in a strong position. Investors may want to keep an eye on any future developments that could impact the stock’s performance.
ACN Stock Analysis: Revenue Holds Steady, Net Income and EPS Improve – What to Watch for in Future Quarters
ACN stock had a mixed performance on March 13, 2024, with total revenue holding flat since the last quarter, while net income and earnings per share showed significant improvements. Investors may want to closely monitor ACN’s financial performance in the upcoming quarters to assess the company’s overall growth and profitability.
