Accenture PLC (NYSE:ACN) shares fell 2.3% during mid-day trading on Thursday . The company traded as low as $112.79 and last traded at $112.83, with a volume of 871,713 shares trading hands. The stock had previously closed at $115.45.

A number of research firms have recently issued reports on ACN. Robert W. Baird reissued a “hold” rating and issued a $116.00 target price on shares of Accenture PLC in a report on Tuesday, March 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $126.00 target price on shares of Accenture PLC in a report on Monday, June 20th. Credit Suisse Group AG reissued a “buy” rating and issued a $120.00 target price on shares of Accenture PLC in a report on Wednesday, March 30th. Cowen and Company boosted their target price on Accenture PLC from $118.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, May 31st. Finally, Citigroup Inc. boosted their target price on Accenture PLC from $109.00 to $112.50 and gave the company a “neutral” rating in a report on Monday, March 28th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $119.25.

The company has a 50 day moving average of $116.10 and a 200 day moving average of $109.99. The stock has a market capitalization of $69.95 billion and a P/E ratio of 18.99.

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

In other news, CEO Pierre Nanterme sold 46,739 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $111.32, for a total transaction of $5,202,985.48. Following the completion of the sale, the chief executive officer now directly owns 207,240 shares of the company’s stock, valued at approximately $23,069,956.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard Lumb sold 2,500 shares of the firm’s stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $114.58, for a total value of $286,450.00. Following the sale, the insider now directly owns 130,913 shares of the company’s stock, valued at $15,000,011.54. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in the company. 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. Argent Trust Co raised its stake in Accenture PLC by 1.1% in the third quarter. Argent Trust Co now owns 14,170 shares of the company’s stock valued at $1,392,000 after buying an additional 151 shares in the last quarter. Twin Capital Management Inc. raised its stake in Accenture PLC by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 36,920 shares of the company’s stock valued at $3,858,000 after buying an additional 170 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in Accenture PLC by 1.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 19,686 shares of the company’s stock valued at $2,057,000 after buying an additional 193 shares in the last quarter. Finally, Verity & Verity LLC raised its stake in Accenture PLC by 0.7% in the fourth quarter. Verity & Verity LLC now owns 36,505 shares of the company’s stock valued at $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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