Traders bought shares of Accenture PLC (NYSE:ACN) on weakness during trading hours on Wednesday. $50.17 million flowed into the stock on the tick-up and $28.61 million flowed out of the stock on the tick-down, for a money net flow of $21.56 million into the stock. Of all stocks tracked, Accenture PLC had the 15th highest net in-flow for the day. Accenture PLC traded down ($0.05) for the day and closed at $112.93

ACN has been the subject of a number of research reports. Cantor Fitzgerald reissued a “buy” rating on shares of Accenture PLC in a research note on Monday, July 18th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Accenture PLC in a research note on Tuesday, July 19th. BMO Capital Markets reissued a “hold” rating and set a $118.00 price target on shares of Accenture PLC in a research note on Sunday, August 7th. Credit Suisse Group AG lowered Accenture PLC from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $120.94 to $120.00 in a research note on Friday, June 24th. Finally, Barclays PLC increased their price target on Accenture PLC from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. Eleven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and a consensus target price of $119.59.

The firm has a market capitalization of $70.30 billion and a PE ratio of 19.09. The firm has a 50 day moving average price of $113.75 and a 200-day moving average price of $111.68.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, June 23rd. The company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The business earned $8.43 billion during the quarter. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. Equities analysts expect that Accenture PLC will post $5.33 earnings per share for the current fiscal year.

In related news, insider Richard Lumb sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $109.88, for a total value of $137,350.00. Following the transaction, the insider now directly owns 129,013 shares in the company, valued at $14,175,948.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel T. London sold 3,686 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $115.57, for a total value of $425,991.02. Following the completion of the transaction, the insider now owns 26,023 shares in the company, valued at $3,007,478.11. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in ACN. Freestone Capital Holdings LLC boosted its position in Accenture PLC by 31.2% in the fourth quarter. Freestone Capital Holdings LLC now owns 12,435 shares of the company’s stock worth $1,299,000 after buying an additional 2,957 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 during the last quarter. Victory Capital Management Inc. raised its stake in shares of Accenture PLC by 165.1% in the fourth quarter. Victory Capital Management Inc. now owns 13,411 shares of the company’s stock worth $1,402,000 after buying an additional 8,353 shares during the last quarter. I.G. Investment Management LTD. raised its stake in shares of Accenture PLC by 63.7% in the fourth quarter. I.G. Investment Management LTD. now owns 22,420 shares of the company’s stock worth $2,343,000 after buying an additional 8,727 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Accenture PLC by 27.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 25,083 shares of the company’s stock worth $2,621,000 after buying an additional 5,470 shares during 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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