Traders Sell Accenture PLC (ACN) on Strength (ACN)
Traders sold shares of Accenture PLC (NYSE:ACN) on strength during trading hours on Monday. $28.95 million flowed into the stock on the tick-up and $47.50 million flowed out of the stock on the tick-down, for a money net flow of $18.55 million out of the stock. Of all equities tracked, Accenture PLC had the 30th highest net out-flow for the day. Accenture PLC traded up $0.60 for the day and closed at $115.66
Several analysts recently weighed in on the company. Deutsche Bank AG restated a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Royal Bank Of Canada reiterated a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Susquehanna reiterated a “positive” rating and set a $130.00 target price on shares of Accenture PLC in a research note on Wednesday, June 22nd. Cowen and Company increased their target price on Accenture PLC from $118.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, May 31st. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Accenture PLC in a research note on Thursday, June 30th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Accenture PLC presently has an average rating of “Buy” and an average price target of $119.59.
The firm has a market cap of $72.00 billion and a P/E ratio of 19.55. The company’s 50 day moving average is $113.83 and its 200-day moving average is $112.86.
Accenture PLC (NYSE:ACN) last released its earnings results on Thursday, June 23rd. The company reported $1.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.41. The business had revenue of $8.43 billion for the quarter. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. On average, equities research analysts anticipate that Accenture PLC will post $5.33 EPS for the current year.
In other Accenture PLC news, insider Richard P. Clark sold 876 shares of the 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 in the company, valued at approximately $1,859,798.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard Lumb sold 1,250 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $113.12, for a total transaction of $141,400.00. Following the sale, the insider now owns 125,647 shares in the company, valued at $14,213,188.64. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Accenture PLC stock. I.G. Investment Management LTD. raised its position in Accenture PLC (NYSE:ACN) by 63.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,420 shares of the company’s stock after buying an additional 8,727 shares during the period. I.G. Investment Management LTD.’s holdings in Accenture PLC were worth $2,343,000 at the end of the most recent 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.