Investors Buy Shares of Accenture PLC (ACN) on Weakness
Investors bought shares of Accenture PLC (NYSE:ACN) on weakness during trading on Tuesday. $80.56 million flowed into the stock on the tick-up and $64.81 million flowed out of the stock on the tick-down, for a money net flow of $15.75 million into the stock. Of all equities tracked, Accenture PLC had the 22nd highest net in-flow for the day. Accenture PLC traded down ($1.19) for the day and closed at $134.25
Several analysts have recently commented on ACN shares. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $144.00 target price on shares of Accenture PLC in a research note on Tuesday. UBS AG downgraded Accenture PLC from a “positive” rating to a “neutral” rating in a research note on Tuesday. SunTrust Banks, Inc. set a $130.00 price target on Accenture PLC and gave the stock a “hold” rating in a report on Sunday. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price target on shares of Accenture PLC in a report on Sunday. Finally, BMO Capital Markets raised their price objective on Accenture PLC from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $140.38.
The firm has a 50-day moving average price of $132.82 and a 200 day moving average price of $125.81. The company has a market cap of $82.90 billion, a P/E ratio of 24.67 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same period last year, the firm posted $1.31 earnings per share. Accenture PLC’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Accenture PLC will post $6.55 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be given 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 (DPR) is 44.49%.
In related news, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00. Following the transaction, the insider now owns 119,942 shares in the company, valued at $15,293,804.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel T. London sold 4,808 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $128.05, for a total transaction of $615,664.40. Following the transaction, the insider now owns 22,681 shares in the company, valued at approximately $2,904,302.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,582 shares of company stock worth $2,634,573. Insiders own 0.21% of the company’s stock.
Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its stake in Accenture PLC by 18.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock valued at $58,532,000 after buying an additional 75,100 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Accenture PLC by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock valued at $258,221,000 after buying an additional 97,760 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Accenture PLC by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock worth $42,067,000 after buying an additional 916 shares during the last quarter. Waldron LP boosted its stake 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 worth $684,000 after buying an additional 2,756 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its stake in shares of Accenture PLC by 1.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock worth $12,568,000 after buying an additional 1,780 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.
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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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