Traders bought shares of Accenture PLC (NYSE:ACN) on weakness during trading 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 companies 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

ACN has been the subject of several recent research reports. Cowen and Company increased their target price on shares of Accenture PLC from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, March 25th. Stifel Nicolaus increased their target price on shares of Accenture PLC from $113.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, March 21st. Cantor Fitzgerald reiterated a “buy” rating and set a $126.00 target price on shares of Accenture PLC in a research note on Tuesday, March 29th. Deutsche Bank AG reiterated a “buy” rating on shares of Accenture PLC in a research note on Monday, March 28th. Finally, Goldman Sachs Group Inc. increased their target price on shares of Accenture PLC from $116.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, March 25th. Eleven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Accenture PLC currently has a consensus rating of “Buy” and an average target price of $119.25.

The company has a market cap of $71.65 billion and a P/E ratio of 19.45. The firm’s 50-day moving average price is $116.51 and its 200 day moving average price is $109.79.

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, hitting 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. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Accenture PLC will post $5.33 earnings per share for the current year.

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

A number of hedge funds have added to or reduced their stakes in ACN. Spectrum Management Group Inc. raised its stake in Accenture PLC by 5,640.0% in the fourth quarter. Spectrum Management Group Inc. now owns 10,045 shares of the company’s stock valued at $1,050,000 after buying an additional 9,870 shares in the last quarter. PBWM Holdings LLC raised its stake in Accenture PLC by 108.9% in the fourth quarter. PBWM Holdings LLC now owns 10,081 shares of the company’s stock valued at $1,053,000 after buying an additional 5,255 shares in the last quarter. WMS Partners LLC raised its stake in Accenture PLC by 1.0% in the fourth quarter. WMS Partners LLC now owns 10,532 shares of the company’s stock valued at $1,101,000 after buying an additional 105 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in Accenture PLC during the fourth quarter valued at approximately $1,233,000. Finally, GSA Capital Partners LLP raised its stake in Accenture PLC by 169.4% in the fourth quarter. GSA Capital Partners LLP now owns 11,798 shares of the company’s stock worth $1,233,000 after buying an additional 7,419 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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