Traders sold shares of Accenture PLC (NYSE:ACN) on strength during trading hours on Thursday. $37.40 million flowed into the stock on the tick-up and $62.26 million flowed out of the stock on the tick-down, for a money net flow of $24.86 million out of the stock. Of all companies tracked, Accenture PLC had the 13th highest net out-flow for the day. Accenture PLC traded up $0.10 for the day and closed at $113.71

Several brokerages have issued reports on ACN. Susquehanna reaffirmed a “positive” rating and set a $130.00 price target on shares of Accenture PLC in a research note on Wednesday, June 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $112.00 price target (up previously from $104.00) on shares of Accenture PLC in a research note on Wednesday, June 22nd. Bank of America Corp. reaffirmed a “hold” rating on shares of Accenture PLC in a research note on Monday, June 20th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $126.00 price target on shares of Accenture PLC in a research note on Monday, June 20th. Finally, Cowen and Company lifted their price target on Accenture PLC from $118.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 31st. Eleven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $119.25.

The stock’s 50-day moving average is $114.41 and its 200-day moving average is $110.93. The firm has a market cap of $70.79 billion and a price-to-earnings ratio of 19.22.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 23rd. The company reported $1.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. The firm earned $8.43 billion during the quarter. Accenture PLC’s 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 analysts anticipate that Accenture PLC will post $5.33 earnings per share for the current fiscal year.

In other news, insider Richard Lumb sold 2,500 shares of Accenture PLC stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $116.45, for a total transaction of $291,125.00. Following the completion of the sale, the insider now owns 129,863 shares of the company’s stock, valued at $15,122,546.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard P. Clark sold 876 shares of Accenture PLC stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $113.43, for a total transaction of $99,364.68. Following the sale, the insider now directly owns 16,396 shares of the company’s stock, valued at approximately $1,859,798.28. The disclosure for this sale can be found here.

Several hedge funds recently bought and sold shares of the stock. Argent Trust Co increased 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. increased 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. Alley Co LLC increased its stake in Accenture PLC by 1.2% in the fourth quarter. Alley Co LLC now owns 25,958 shares of the company’s stock valued at $2,713,000 after buying an additional 315 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its stake in Accenture PLC by 0.8% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 53,419 shares of the company’s stock valued at $5,582,000 after buying an additional 402 shares in the last quarter. Finally, Tredje AP fonden increased its stake in Accenture PLC by 1.4% in the fourth quarter. Tredje AP fonden now owns 40,886 shares of the company’s stock valued at $4,273,000 after buying an additional 551 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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