Traders Sell Accenture (ACN) on Strength (ACN)

Traders sold shares of Accenture Plc (NYSE:ACN) on strength during trading on Monday. $57.55 million flowed into the stock on the tick-up and $118.22 million flowed out of the stock on the tick-down, for a money net flow of $60.67 million out of the stock. Of all stocks tracked, Accenture had the 0th highest net out-flow for the day. Accenture traded up $1.29 for the day and closed at $151.42

Several brokerages recently commented on ACN. William Blair reaffirmed an “outperform” rating on shares of Accenture in a research note on Thursday, March 22nd. KeyCorp raised their price objective on Accenture from $157.00 to $172.00 and gave the stock an “overweight” rating in a research note on Saturday, December 30th. SunTrust Banks reaffirmed a “hold” rating and set a $164.00 price objective on shares of Accenture in a research note on Thursday, December 21st. Barclays raised their price objective on Accenture from $135.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. Finally, Cowen reaffirmed a “buy” rating and set a $166.00 price objective on shares of Accenture in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Accenture has an average rating of “Buy” and an average price target of $161.80.

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The stock has a market cap of $96,193.80, a PE ratio of 23.77, a PEG ratio of 2.26 and a beta of 1.04.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a return on equity of 41.50% and a net margin of 9.18%. Accenture’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. equities analysts forecast that Accenture Plc will post 6.69 EPS for the current year.

In related news, insider Jean-Marc Ollagnier sold 1,637 shares of Accenture stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $150.87, for a total value of $246,974.19. Following the sale, the insider now owns 186,112 shares of the company’s stock, valued at $28,078,717.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard P. Clark sold 1,853 shares of Accenture stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $157.87, for a total value of $292,533.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,450 shares of company stock worth $16,465,847. 0.21% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Foster & Motley Inc. grew its holdings in Accenture by 0.8% during the fourth quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock worth $6,109,000 after purchasing an additional 318 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Accenture by 11.2% during the fourth quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock worth $500,000 after acquiring an additional 327 shares during the period. Capital Analysts LLC boosted its holdings in shares of Accenture by 4.9% during the fourth quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock worth $1,215,000 after acquiring an additional 368 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Accenture by 4.3% during the fourth quarter. D.A. Davidson & CO. now owns 9,219 shares of the information technology services provider’s stock worth $1,411,000 after acquiring an additional 383 shares during the period. Finally, Wetherby Asset Management Inc. boosted its holdings in shares of Accenture by 1.9% during the fourth quarter. Wetherby Asset Management Inc. now owns 22,107 shares of the information technology services provider’s stock worth $3,384,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 75.62% 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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