Investors sold shares of Accenture PLC (NYSE:ACN) on strength during trading hours on Wednesday. $33.03 million flowed into the stock on the tick-up and $63.22 million flowed out of the stock on the tick-down, for a money net flow of $30.19 million out of the stock. Of all companies tracked, Accenture PLC had the 22nd highest net out-flow for the day. Accenture PLC traded up $0.10 for the day and closed at $137.42

A number of research firms have recently issued reports on ACN. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, September 21st. Berenberg Bank restated a “buy” rating and issued a $160.00 price target on shares of Accenture PLC in a research report on Thursday, September 21st. Morgan Stanley raised their price target on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd. Robert W. Baird restated a “neutral” rating and issued a $148.00 price target (up from $142.00) on shares of Accenture PLC in a research report on Friday, September 22nd. Finally, KeyCorp restated a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $141.84.

The firm’s 50 day moving average is $135.07 and its 200 day moving average is $126.75. The stock has a market cap of $84.86 billion, a PE ratio of 25.25 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Accenture PLC will post $6.56 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is 44.49%.

In other news, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $128.68, for a total value of $254,014.32. Following the sale, the insider now owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel T. London sold 637 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,110 shares of company stock worth $8,573,675. 0.21% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ACN. TCI Wealth Advisors Inc. lifted its position in Accenture PLC by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares in the last quarter. Bellwether Investment Group LLC lifted its position in Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares in the last quarter. Manchester Capital Management LLC lifted its position in Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Accenture PLC during the 1st quarter worth about $122,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

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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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