As Accenture Plc Ireld Cl A (ACN) Stock Value Rose, Janney Capital Management LLC Lowered Holding by $6.06 Million

September 16, 2018 - By Elena Maslow

Accenture plc (NYSE:ACN) LogoInvestors sentiment increased to 1.07 in 2018 Q2. Its up 0.10, from 0.97 in 2018Q1. It improved, as 48 investors sold ACN shares while 376 reduced holdings. 109 funds opened positions while 345 raised stakes. 453.91 million shares or 0.93% more from 449.75 million shares in 2018Q1 were reported. First Natl Trust stated it has 8,307 shares or 0.15% of all its holdings. Moreover, Oppenheimer Asset Mngmt Inc has 0.22% invested in Accenture plc (NYSE:ACN). Crawford Investment Counsel invested 1.94% in Accenture plc (NYSE:ACN). Principal Gru owns 1.29M shares for 0.19% of their portfolio. Jlb And Inc holds 86,145 shares or 3% of its portfolio. Hamilton Point Advisors Limited Liability Company invested in 19,265 shares. Massachusetts-based Ipswich Inv Management Incorporated has invested 1.27% in Accenture plc (NYSE:ACN). Fiduciary Incorporated Wi holds 4.78% in Accenture plc (NYSE:ACN) or 4.58 million shares. Putnam Fl Invest Mgmt invested 2.17% of its portfolio in Accenture plc (NYSE:ACN). Swiss Bank holds 0.45% in Accenture plc (NYSE:ACN) or 2.42 million shares. The Delaware-based Tiverton Asset Mgmt Ltd has invested 0.09% in Accenture plc (NYSE:ACN). 33,462 were accumulated by Trillium Asset Ltd. The Alabama-based Leavell Inv Management has invested 0.28% in Accenture plc (NYSE:ACN). Reynders Mcveigh Mgmt Lc stated it has 4,920 shares. Boston Family Office Limited Liability Company reported 4,719 shares.

Janney Capital Management Llc decreased its stake in Accenture Plc Ireld Cl A (ACN) by 14.21% based on its latest 2018Q2 regulatory filing with the SEC. Janney Capital Management Llc sold 37,163 shares as the company’s stock rose 4.50% with the market. The institutional investor held 224,385 shares of the business services company at the end of 2018Q2, valued at $36.71 million, down from 261,548 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in Accenture Plc Ireld Cl A for a number of months, seems to be less bullish one the $109.98B market cap company. The stock decreased 0.25% or $0.43 during the last trading session, reaching $171.64. About 2.21 million shares traded or 10.22% up from the average. Accenture plc (NYSE:ACN) has risen 25.06% since September 16, 2017 and is uptrending. It has outperformed by 9.44% the S&P500.

Janney Capital Management Llc, which manages about $3.30B and $2.27 billion US Long portfolio, upped its stake in Ishs Russ 2000 Indx Etf (IWM) by 41,430 shares to 241,225 shares, valued at $39.51 million in 2018Q2, according to the filing. It also increased its holding in Wsdmtree Eur Hdgd Sm Etf by 1.78 million shares in the quarter, for a total of 1.81 million shares, and has risen its stake in Walmart Inc (NYSE:WMT).

Analysts await Accenture plc (NYSE:ACN) to report earnings on September, 27. They expect $1.55 earnings per share, up 4.73 % or $0.07 from last year’s $1.48 per share. ACN’s profit will be $993.16M for 27.68 P/E if the $1.55 EPS becomes a reality. After $1.79 actual earnings per share reported by Accenture plc for the previous quarter, Wall Street now forecasts -13.41 % negative EPS growth.

Another recent and important Accenture plc (NYSE:ACN) news was published by Seekingalpha.com which published an article titled: “DXC Technology: Looking Beyond The Merger” on September 05, 2018.

Accenture plc (NYSE:ACN) Ratings Coverage

Among 11 analysts covering Accenture (NYSE:ACN), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Accenture had 15 analyst reports since March 19, 2018 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Monday, June 25 report. The firm has “Outperform” rating by Wedbush given on Tuesday, March 20. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Stifel Nicolaus on Thursday, June 21. The stock of Accenture plc (NYSE:ACN) has “Overweight” rating given on Friday, June 29 by Cantor Fitzgerald. The firm has “Buy” rating by Deutsche Bank given on Friday, June 29. Wedbush maintained Accenture plc (NYSE:ACN) rating on Monday, April 2. Wedbush has “Buy” rating and $18000 target. The rating was maintained by KeyBanc Capital Markets with “Buy” on Friday, May 18. The rating was maintained by BMO Capital Markets on Thursday, March 22 with “Hold”. The stock of Accenture plc (NYSE:ACN) has “Neutral” rating given on Tuesday, March 20 by Robert W. Baird. The stock of Accenture plc (NYSE:ACN) earned “Neutral” rating by Credit Suisse on Friday, June 29.

Accenture plc (NYSE:ACN) Ratings Chart

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