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Accenture Stock Maintains Strong Growth

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ACN is on an upward trajectory

Accenture (ACN) has risen 3.8% in the last month, whereas in the last year, the stock’s price has soared 32.7%. Accenture stock is trading 34% higher than its 52-week low of $125.48 and 0.2% lower than its 52-week high of $168.5.

The stock has been on an upward trajectory for more than five years. Its 100-day moving average is $157, which is below its current price of $168.09, indicating that the company’s stock is maintaining an upward trend.

Moreover, in the last five days, the share price of Accenture has risen 1.9%. In the chart above, we can see Accenture stock’s returns over four different time periods.

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Factors influencing price

Accenture continues to gain from the digitization trend. Moreover, the huge investments it has made in software and other platforms are driving its business. The company’s digital, cloud, and security business, which is made up of Accenture Interactive, Accenture Applied Intelligence, Accenture Industry X.0, and Accenture Mobility, is showing strong growth potential. The higher demand for AI and analytics technology across different industries is also contributing to the company’s business growth. The tech giant has made record bookings in the fiscal third quarter.

Stock price movements of peers

In the last year, large tech players Microsoft (MSFT), Cognizant (CTSH), and Automatic Data Processing (ADP) have also witnessed strong upside stock movements. During the period, the shares of Microsoft, Cognizant, and Automatic Data Processing have improved 44.8%, 18.7%, and 35.5%, respectively.

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