Traders purchased shares of Accenture PLC (NYSE:ACN) on weakness during trading on Tuesday. $105.80 million flowed into the stock on the tick-up and $31.98 million flowed out of the stock on the tick-down, for a money net flow of $73.82 million into the stock. Of all equities tracked, Accenture PLC had the 10th highest net in-flow for the day. Accenture PLC traded down ($0.33) for the day and closed at $129.77

ACN has been the subject of a number of research reports. Zacks Investment Research downgraded Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Morgan Stanley set a $132.00 price target on Accenture PLC and gave the company a “hold” rating in a research report on Friday, June 16th. BMO Capital Markets reissued a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Cowen and Company boosted their price target on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $131.17.

The stock has a 50-day moving average price of $129.01 and a 200 day moving average price of $124.11. The firm has a market capitalization of $80.20 billion, a price-to-earnings ratio of 22.98 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. The business had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. Accenture PLC’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 earnings per share. On average, equities research analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

In related news, General Counsel Chad T. Jerdee sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the sale, the general counsel now owns 18,566 shares of the company’s stock, valued at $2,283,061.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 40,134 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $123.02, for a total transaction of $4,937,284.68. Following the completion of the sale, the chief executive officer now directly owns 222,362 shares of the company’s stock, valued at approximately $27,354,973.24. The disclosure for this sale can be found here. In the last three months, insiders sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of ACN. Coconut Grove Bank increased its holdings in shares of Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock valued at $101,000 after purchasing an additional 364 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of Accenture PLC by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its holdings in shares of Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Accenture PLC by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares in the last quarter. 77.80% of the stock is owned by institutional investors and hedge funds.

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About Accenture PLC

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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