Traders Sell Accenture (ACN) on Strength (ACN)
Traders sold shares of Accenture Plc (NYSE:ACN) on strength during trading on Monday. $47.13 million flowed into the stock on the tick-up and $105.78 million flowed out of the stock on the tick-down, for a money net flow of $58.65 million out of the stock. Of all equities tracked, Accenture had the 33rd highest net out-flow for the day. Accenture traded up $1.35 for the day and closed at $158.85
A number of equities research analysts have issued reports on ACN shares. Susquehanna Bancshares reissued a “hold” rating and set a $145.00 target price on shares of Accenture in a research note on Tuesday, December 26th. Pivotal Research set a $180.00 target price on shares of Accenture and gave the company a “buy” rating in a research note on Thursday, December 28th. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Tuesday, November 28th. Bank of America lifted their target price on shares of Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Finally, Robert W. Baird reissued a “hold” rating and set a $155.00 target price on shares of Accenture in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. Accenture presently has a consensus rating of “Hold” and an average target price of $156.57.
The firm has a market cap of $102,080.00, a P/E ratio of 28.16, a PEG ratio of 2.37 and a beta of 1.01.
In other Accenture news, COO Johan Deblaere sold 55,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the completion of the transaction, the chief operating officer now owns 112,208 shares of the company’s stock, valued at approximately $17,306,961.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Rowland sold 3,102 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $161.21, for a total transaction of $500,073.42. Following the transaction, the chief financial officer now directly owns 25,012 shares of the company’s stock, valued at approximately $4,032,184.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,249 shares of company stock valued at $18,106,228. 0.21% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of ACN. Farmers National Bank bought a new stake in Accenture in the fourth quarter valued at about $107,000. Jacobi Capital Management LLC increased its stake in Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 372 shares during the period. Virtue Capital Management LLC bought a new stake in Accenture in the fourth quarter valued at about $128,000. Aevitas Wealth Management Inc. bought a new stake in Accenture in the fourth quarter valued at about $131,000. Finally, Wagner Wealth Management LLC bought a new stake in Accenture in the fourth quarter valued at about $179,000. Institutional investors own 74.64% of the company’s stock.
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Accenture 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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