Accenture plc. (ACN) : Wednesdays money flow data in Accenture plc. (ACN) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $42.5 million, whereas, $39.49 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.08, in favor of the bulls. The total money flow into the stock was $3.01 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.85 million. The total value of block trades done on upticks was $5.75 million. The value of bearish trades on downticks was only $4.9 million.The up/down ratio in the block trades was a healthy 1.17 in favor of the bulls, suggesting strong buying in the stock by large traders. Accenture plc. (ACN) fell $0.04 and traded at $116.09, down -0.03% for the day, over previous days close. On a weekly basis, the shares are 2.65% over the previous weeks close.
Shares of Accenture plc rose by 4.43% in the last five trading days and 1.57% for the last 4 weeks. Accenture plc is up 4.38% in the last 3-month period. Year-to-Date the stock performance stands at 12.71%.
Accenture plc. (ACN) : Zacks Investment Research ranks Accenture plc. (ACN) as 4, which is a Sell recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.94, which indicates as a Buy.
Accenture plc. (NYSE:ACN): The stock opened at $115.68 and touched an intraday high of $117.0625 on Wednesday. During the day, the stock corrected to an intraday low of $115.37, however, the bulls stepped in and pushed the price higher to close in the green at $116.65 with a gain of 0.45% for the day. The total traded volume for the day was 3,640,306. The stock had closed at $116.13 in the previous trading session.
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.