Traders Sell Accenture PLC (ACN) on Strength (ACN)

Traders sold shares of Accenture PLC (NYSE:ACN) on strength during trading hours on Tuesday. $39.23 million flowed into the stock on the tick-up and $76.61 million flowed out of the stock on the tick-down, for a money net flow of $37.38 million out of the stock. Of all companies tracked, Accenture PLC had the 0th highest net out-flow for the day. Accenture PLC traded up $1.04 for the day and closed at $144.96

Several equities analysts recently commented on ACN shares. Zacks Investment Research upgraded 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 Monday, August 28th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a research note on Thursday, September 21st. Cowen and Company set a $150.00 target price on Accenture PLC and gave the company a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a research note on Friday, November 3rd. Finally, SunTrust Banks, Inc. set a $130.00 target price on Accenture PLC and gave the company a “hold” rating in a research note on Sunday, October 1st. One 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 company. Accenture PLC presently has a consensus rating of “Buy” and a consensus price target of $142.89.

The company has a market cap of $94,981.16, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. Accenture PLC’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 earnings per share. sell-side analysts predict that Accenture PLC will post 6.54 EPS for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is currently 48.90%.

In related news, COO Johan Deblaere sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.05, for a total value of $675,250.00. Following the completion of the transaction, the chief operating officer now owns 120,817 shares of the company’s stock, valued at $16,316,335.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the transaction, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock valued at $11,479,125 in the last three months. 0.21% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Jacobi Capital Management LLC boosted its holdings in Accenture PLC 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 purchasing an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. boosted its holdings in 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 during the last quarter. Bellwether Investment Group LLC boosted its holdings in 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 during the last quarter. Manchester Capital Management LLC boosted its holdings in 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 during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in Accenture PLC during the first quarter valued at approximately $122,000. 77.73% of the stock is owned by hedge funds and other 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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