Independent Franchise Partners Llp Has Lowered Accenture Plc Ireland (ACN) Holding by $34.96 Million as Share Value Declined

April 23, 2018 - By Dolores Ford

Accenture plc (NYSE:ACN) LogoInvestors sentiment decreased to 0.93 in 2017 Q4. Its down 0.07, from 1 in 2017Q3. It dropped, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. 232,753 are owned by Hm Payson And Co. Provident Company reported 1.16M shares stake. Woodley Farra Manion Mgmt stated it has 248,820 shares or 4.18% of all its holdings. Canada Pension Plan Inv Board invested in 0.21% or 726,331 shares. Evermay Wealth Mgmt Ltd Llc accumulated 1,409 shares. Argi Investment Svcs Ltd Co owns 2,219 shares for 0.02% of their portfolio. Captrust Finance has 0.04% invested in Accenture plc (NYSE:ACN) for 4,157 shares. Williams Jones Assoc invested in 1.16% or 335,009 shares. Meiji Yasuda Life Ins invested 0.5% of its portfolio in Accenture plc (NYSE:ACN). Atlanta Communication L L C holds 0.38% in Accenture plc (NYSE:ACN) or 473,276 shares. Arcadia Mgmt Corporation Mi holds 66,277 shares. Sns Grp Inc Limited Liability Corporation holds 0.06% of its portfolio in Accenture plc (NYSE:ACN) for 1,511 shares. Webster Fincl Bank N A invested in 0.05% or 2,317 shares. Holt Capital Advisors Limited Liability Company Dba Holt Capital Prtnrs Limited Partnership holds 0.11% of its portfolio in Accenture plc (NYSE:ACN) for 2,265 shares. Bokf Na owns 53,486 shares.

Independent Franchise Partners Llp decreased its stake in Accenture Plc Ireland (ACN) by 3.63% based on its latest 2017Q4 regulatory filing with the SEC. Independent Franchise Partners Llp sold 228,471 shares as the company’s stock declined 3.27% with the market. The institutional investor held 6.06 million shares of the business services company at the end of 2017Q4, valued at $928.47M, down from 6.29 million at the end of the previous reported quarter. Independent Franchise Partners Llp who had been investing in Accenture Plc Ireland for a number of months, seems to be less bullish one the $98.01B market cap company. The stock decreased 1.41% or $2.18 during the last trading session, reaching $152.41. About 2.30M shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 23, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Independent Franchise Partners Llp, which manages about $13.30B and $11.79B US Long portfolio, upped its stake in Merck & Co Inc (NYSE:MRK) by 168,975 shares to 9.83 million shares, valued at $553.09 million in 2017Q4, according to the filing. It also increased its holding in Harley Davidson Inc (NYSE:HOG) by 122,881 shares in the quarter, for a total of 8.22M shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 EPS, up 12.50 % or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10B for 22.28 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23 % EPS growth.

Accenture plc (NYSE:ACN) Ratings Coverage

Among 16 analysts covering Accenture (NYSE:ACN), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Accenture has $181 highest and $15 lowest target. $166.31’s average target is 9.12% above currents $152.41 stock price. Accenture had 30 analyst reports since October 29, 2017 according to SRatingsIntel. 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 “Buy” rating by KeyBanc Capital Markets on Sunday, October 29. The stock of Accenture plc (NYSE:ACN) earned “Overweight” rating by Cantor Fitzgerald on Friday, December 22. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, December 21. On Monday, November 20 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Morgan Stanley upgraded the stock to “Buy” rating in Monday, February 5 report. Pivotal Research maintained Accenture plc (NYSE:ACN) rating on Friday, December 22. Pivotal Research has “Buy” rating and $165 target. On Friday, December 22 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Hold” rating given on Monday, December 4 by Robert W. Baird. As per Thursday, December 21, the company rating was maintained by SunTrust.

Accenture plc (NYSE:ACN) Ratings Chart

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