Accenture PLC (NYSE:ACN) shares hit a new 52-week high on Wednesday . The stock traded as high as $131.22 and last traded at $131.10, with a volume of 856,297 shares traded. The stock had previously closed at $129.77.

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

The firm’s 50 day moving average is $129.01 and its 200 day moving average is $124.11. The stock has a market cap of $81.12 billion, a PE ratio of 23.24 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.52. The firm had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. Accenture PLC’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS. Equities analysts forecast that Accenture PLC will post $5.90 EPS for the current year.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total value of $280,522.00. Following the transaction, the insider now directly owns 119,942 shares of the company’s stock, valued at approximately $15,293,804.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gianfranco Casati sold 6,836 shares of the company’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 $840,622.92. Following the completion of the transaction, the insider now directly owns 61,714 shares in the company, valued at $7,588,970.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,817 shares of company stock worth $9,920,929. 0.21% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Waldron LP raised its position in shares of Accenture PLC by 93.3% in the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock valued at $684,000 after purchasing an additional 2,756 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Accenture PLC by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 641,952 shares of the information technology services provider’s stock valued at $76,957,000 after purchasing an additional 51,674 shares in the last quarter. Novare Capital Management LLC raised its position in shares of Accenture PLC by 8.1% in the 1st quarter. Novare Capital Management LLC now owns 39,548 shares of the information technology services provider’s stock valued at $4,741,000 after purchasing an additional 2,950 shares in the last quarter. British Columbia Investment Management Corp raised its position in shares of Accenture PLC by 9.0% in the 1st quarter. British Columbia Investment Management Corp now owns 606,894 shares of the information technology services provider’s stock valued at $72,754,000 after purchasing an additional 50,302 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Accenture PLC by 19.3% in the 1st quarter. World Asset Management Inc now owns 69,931 shares of the information technology services provider’s stock valued at $8,383,000 after purchasing an additional 11,322 shares in the last quarter. 77.80% of the stock is currently owned by institutional investors.

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Accenture PLC Company Profile

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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