Traders sold shares of Accenture PLC (NYSE:ACN) on strength during trading hours on Wednesday. $4.31 million flowed into the stock on the tick-up and $18.15 million flowed out of the stock on the tick-down, for a money net flow of $13.84 million out of the stock. Of all companies tracked, Accenture PLC had the 4th highest net out-flow for the day. Accenture PLC traded up $0.99 for the day and closed at $130.76

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Wednesday. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Cowen and Company reissued a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research note on Friday, July 28th. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $130.00 price objective (up from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $131.17.

The firm has a market capitalization of $81.03 billion, a price-to-earnings ratio of 23.22 and a beta of 1.11. The firm has a 50-day moving average price of $129.01 and a 200-day moving average price of $124.11.

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

In related news, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the transaction, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Chad T. Jerdee sold 3,200 shares of the company’s stock in a transaction 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 transaction, the general counsel now owns 18,566 shares of the company’s stock, valued at $2,283,061.02. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock valued at $9,920,929 over the last quarter. Insiders own 0.21% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ACN. Coconut Grove Bank increased its stake in 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 during the last quarter. TCI Wealth Advisors Inc. grew its position in Accenture PLC by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the period. Bellwether Investment Group LLC grew its position in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after acquiring an additional 359 shares during the period. Manchester Capital Management LLC grew its position in Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 77.80% of the company’s stock.

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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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