Shares of Accenture plc. (ACN) Sees Large Inflow of Net Money Flow

Accenture plc. (ACN) : Investors lapped up stocks on upticks to the tune of $15.02 million in the Fridays trading session. The trading value on downticks was comparatively at $6.96 million and the uptick to downtick ratio of 2.16 indicates continuous buying by the bulls. The net money flow into the stock was $8.07 million. Upticks saw transactions worth $6.28 clearly indicating buying by large investors. The total money flow for block trades stood at $6.28 million, which is a positive for the stock in the long-term. Accenture plc. (ACN) fell $0.16 during the day at $112.2, a drop of -0.14% over the previous days close. However, for the week, the stock is -2.51%, compared to the previous week.


Accenture plc. (ACN) : 14 Wall Street analysts covering Accenture plc. (ACN) believe that the average level the stock could reach for the short term is $124.29. The maximum price target given is $132 and the minimum target for short term is around $111, hence the standard deviation is calculated at $7.04.

Accenture plc. (NYSE:ACN): stock turned positive on Friday. Though the stock opened at $112.78, the bulls momentum made the stock top out at $113.13 level for the day. The stock recorded a low of $111.85 and closed the trading day at $112.86, in the green by 0.45%. The total traded volume for the day was 1,982,764. The stock had closed at $112.36 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Lumb Richard, officer (Group Chief Executive-Fin Serv) of Accenture Plc, had unloaded 1,250 shares at an average price of $113.52 in a transaction dated on July 21, 2016. The total value of the transaction was worth $141,900.

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.

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