Accenture Plc (ACN) continues to make strides in the industry with a series of events contributing to its financial position. Recent developments include the hiring of a
Data Strategy expert for defense, successful acquisition of
Cognosante and
OPENSTREAM HOLDINGS along with its subsidiaries, and strong position in long-term growth contributed by
Wolox acquisition. Investment firms, including
Assetmark Inc and international assets management company
Sachetta LLC, has increased holdings in ACN while it continues to be favoured by institutional owners with a 78% stake. Despite COO John Walsh's recent sell-off of 8,000 ACN shares,
revenue stability with increased
margins was reported in Q2, 2024. Several acquisitions including
ATI Solutions, Intellera Consulting and Real Protect hold promise for ACN's growth. Notwithstanding a market cap decline, the company continues to generate longer-term profits. Albeit Deutsche Bank downgraded ACN to Hold, it still shows potential with stock return of 420% in 10 years. Recently, Accenture Federal Services secured a
contract worth up to $127 million.
Accenture Plc ACN News Analytics from Thu, 23 Nov 2023 08:00:00 GMT to Thu, 23 May 2024 14:08:14 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor -6
