Traders Buy Shares of Accenture (ACN) on Weakness

Investors purchased shares of Accenture Plc (NYSE:ACN) on weakness during trading on Thursday. $276.47 million flowed into the stock on the tick-up and $193.63 million flowed out of the stock on the tick-down, for a money net flow of $82.84 million into the stock. Of all companies tracked, Accenture had the 21st highest net in-flow for the day. Accenture traded down ($4.96) for the day and closed at $159.25

A number of research analysts have issued reports on the stock. UBS Group set a $180.00 target price on shares of Accenture and gave the company a “hold” rating in a report on Wednesday, September 26th. Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. SunTrust Banks upped their target price on shares of Accenture to $178.00 and gave the company a “hold” rating in a report on Monday, October 1st. Deutsche Bank upped their target price on shares of Accenture from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Finally, Berenberg Bank upgraded shares of Accenture to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $177.02.

The firm has a market capitalization of $109.08 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.21 and a beta of 1.01.



Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.02. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. On average, sell-side analysts forecast that Accenture Plc will post 7.21 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th were issued a dividend of $1.46 per share. This is a positive change from Accenture’s previous semiannual dividend of $1.21. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, October 17th. Accenture’s dividend payout ratio is presently 43.32%.

In other news, Director Arun Sarin sold 1,170 shares of the stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $171.40, for a total transaction of $200,538.00. Following the transaction, the director now directly owns 4,582 shares in the company, valued at approximately $785,354.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Pierre Nanterme sold 30,117 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $173.45, for a total transaction of $5,223,793.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,717 shares of company stock worth $13,041,890. Insiders own 0.21% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Windsor Group LTD increased its position in Accenture by 5.3% during the 3rd quarter. Windsor Group LTD now owns 6,121 shares of the information technology services provider’s stock worth $1,042,000 after purchasing an additional 307 shares in the last quarter. Capital Analysts LLC increased its position in Accenture by 4.0% during the 3rd quarter. Capital Analysts LLC now owns 8,021 shares of the information technology services provider’s stock worth $1,365,000 after purchasing an additional 307 shares in the last quarter. Valeo Financial Advisors LLC increased its position in Accenture by 48.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock worth $162,000 after purchasing an additional 329 shares in the last quarter. M Holdings Securities Inc. increased its position in Accenture by 4.6% during the 2nd quarter. M Holdings Securities Inc. now owns 7,453 shares of the information technology services provider’s stock worth $1,219,000 after purchasing an additional 330 shares in the last quarter. Finally, Telemus Capital LLC grew its position in Accenture by 0.8% in the third quarter. Telemus Capital LLC now owns 43,240 shares of the information technology services provider’s stock valued at $7,359,000 after acquiring an additional 340 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

WARNING: This article was posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://dakotafinancialnews.com/2018/12/07/traders-buy-shares-of-accenture-acn-on-weakness.html.

About Accenture (NYSE:ACN)

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Read More: What is the LIBOR?

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply