Investors sold shares of Accenture PLC (NYSE:ACN) on strength during trading hours on Wednesday. $27.19 million flowed into the stock on the tick-up and $44.94 million flowed out of the stock on the tick-down, for a money net flow of $17.75 million out of the stock. Of all equities tracked, Accenture PLC had the 26th highest net out-flow for the day. Accenture PLC traded up $0.34 for the day and closed at $113.22

Several analysts have weighed in on ACN shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Cowen and Company upped their price objective on shares of Accenture PLC from $118.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 31st. Susquehanna reaffirmed a “positive” rating and set a $130.00 price objective on shares of Accenture PLC in a research note on Wednesday, June 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Accenture PLC in a research note on Thursday, June 30th. Eleven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $119.59.

The firm has a market capitalization of $70.48 billion and a price-to-earnings ratio of 19.13. The firm’s 50-day moving average price is $113.84 and its 200-day moving average price is $111.31.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, June 23rd. The company reported $1.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.41. The business had revenue of $8.43 billion for the quarter. During the same quarter last year, the firm earned $1.30 earnings per share. Accenture PLC’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Accenture PLC will post $5.33 EPS for the current year.

In other Accenture PLC news, insider Richard Lumb sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $109.88, for a total transaction of $137,350.00. Following the sale, the insider now directly owns 129,013 shares of the company’s stock, valued at approximately $14,175,948.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Chad T. Jerdee sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $113.35, for a total transaction of $453,400.00. Following the sale, the general counsel now directly owns 28,755 shares in the company, valued at $3,259,379.25. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of the company. Calvert Investment Management Inc. raised its stake in Accenture PLC by 36.9% in the fourth quarter. Calvert Investment Management Inc. now owns 30,200 shares of the company’s stock worth $3,156,000 after buying an additional 8,134 shares during the last quarter. American International Group Inc. raised its stake in Accenture PLC by 0.7% in the fourth quarter. American International Group Inc. now owns 241,879 shares of the company’s stock worth $25,276,000 after buying an additional 1,672 shares in the last quarter. BlackRock Investment Management LLC raised its stake in Accenture PLC by 0.3% in the fourth quarter. BlackRock Investment Management LLC now owns 1,328,570 shares of the company’s stock worth $138,836,000 after buying an additional 4,314 shares in the last quarter. Employees Retirement System of Texas raised its stake in Accenture PLC by 12.1% in the fourth quarter. Employees Retirement System of Texas now owns 95,300 shares of the company’s stock worth $9,959,000 after buying an additional 10,300 shares in the last quarter. Finally, 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 worth $1,392,000 after buying an additional 151 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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