Traders purchased shares of Accenture PLC (NYSE:ACN) on weakness during trading hours on Thursday. $50.40 million flowed into the stock on the tick-up and $30.86 million flowed out of the stock on the tick-down, for a money net flow of $19.54 million into the stock. Of all equities tracked, Accenture PLC had the 15th highest net in-flow for the day. Accenture PLC traded down ($0.06) for the day and closed at $116.77

A number of brokerages have commented on ACN. Wells Fargo & Co. restated a “buy” rating on shares of Accenture PLC in a research note on Sunday, March 27th. Deutsche Bank AG restated a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Royal Bank Of Canada restated a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Bank of America Corp. restated a “buy” rating on shares of Accenture PLC in a research note on Wednesday, May 4th. Finally, Zacks Investment Research cut Accenture PLC from a “buy” rating to a “hold” rating in a research note on Monday, June 27th. Eleven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $119.08.

The company’s 50-day moving average is $116.60 and its 200-day moving average is $109.71. The company has a market capitalization of $72.69 billion and a P/E ratio of 19.73.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 23rd. The company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The company earned $8.43 billion during the quarter. During the same period in the prior year, the company posted $1.30 earnings per share. Accenture PLC’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Accenture PLC will post $5.33 EPS for the current fiscal year.

In related news, CEO Pierre Nanterme sold 46,739 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $111.32, for a total value of $5,202,985.48. Following the completion of the sale, the chief executive officer now owns 207,240 shares of the company’s stock, valued at $23,069,956.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Rowland sold 4,553 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $109.84, for a total transaction of $500,101.52. Following the completion of the sale, the chief financial officer now directly owns 16,845 shares of the company’s stock, valued at approximately $1,850,254.80. The disclosure for this sale can be found here.

Other hedge funds recently modified their holdings of the company. WMS Partners LLC raised its stake in shares of Accenture PLC by 1.0% in the fourth quarter. WMS Partners LLC now owns 10,532 shares of the company’s stock worth $1,101,000 after buying an additional 105 shares in the last quarter. Argent Trust Co raised its stake in shares of Accenture PLC by 1.1% in the third quarter. Argent Trust Co now owns 14,170 shares of the company’s stock worth $1,392,000 after buying an additional 151 shares in the last quarter. Twin Capital Management Inc. raised its stake in shares of Accenture PLC by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 36,920 shares of the company’s stock worth $3,858,000 after buying an additional 170 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Accenture PLC by 1.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 19,686 shares of the company’s stock worth $2,057,000 after buying an additional 193 shares in the last quarter. Finally, Verity & Verity LLC raised its stake in shares of Accenture PLC by 0.7% in the fourth quarter. Verity & Verity LLC now owns 36,505 shares of the company’s stock worth $3,815,000 after buying an additional 248 shares in the last quarter.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

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