Accenture Plc (ACN) Holding Maintained by Cornerstone Investment Partners Llc

August 10, 2018 - By Vernon Prom

Accenture plc (NYSE:ACN) LogoInvestors sentiment increased to 0.97 in Q1 2018. Its up 0.04, from 0.93 in 2017Q4. It improved, as 50 investors sold ACN shares while 396 reduced holdings. 105 funds opened positions while 326 raised stakes. 449.75 million shares or 1.56% less from 456.89 million shares in 2017Q4 were reported. Maryland-based Adams Diversified Equity Fund has invested 1.12% in Accenture plc (NYSE:ACN). 324 are held by Gemmer Asset Mgmt Ltd Limited Liability Company. Oakbrook Investments Lc reported 3,000 shares. Zeke Capital Advisors Ltd stated it has 15,385 shares. Alphamark Limited Com has invested 0.15% in Accenture plc (NYSE:ACN). Advisory Svcs Network Llc has invested 0.17% in Accenture plc (NYSE:ACN). Moreover, Covington Management has 1.25% invested in Accenture plc (NYSE:ACN) for 123,746 shares. Amica Retiree Medical stated it has 0.53% of its portfolio in Accenture plc (NYSE:ACN). Verition Fund Mgmt Llc invested in 0.15% or 13,282 shares. Boston Advsr Ltd Liability reported 32,895 shares. Hilltop Holdings Incorporated reported 0.05% stake. Bessemer Group Inc reported 51,378 shares. Factory Mutual Insurance Company, a Massachusetts-based fund reported 286,200 shares. State Of Tennessee Treasury Department owns 195,476 shares or 0.15% of their US portfolio. First Midwest Bancshares Tru Division holds 0.08% or 3,595 shares in its portfolio.

Cornerstone Investment Partners Llc increased its stake in Accenture Plc (ACN) by 1628.88% based on its latest 2018Q1 regulatory filing with the SEC. Cornerstone Investment Partners Llc bought 269,775 shares as the company’s stock declined 5.31% with the market. The institutional investor held 286,337 shares of the business services company at the end of 2018Q1, valued at $43.95M, up from 16,562 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Accenture Plc for a number of months, seems to be bullish on the $102.93 billion market cap company. The stock decreased 0.31% or $0.5 during the last trading session, reaching $160.64. About 1.72 million shares traded. Accenture plc (NYSE:ACN) has risen 26.72% since August 10, 2017 and is uptrending. It has outperformed by 14.15% the S&P500.

Cornerstone Investment Partners Llc, which manages about $8.61 billion and $2.29B US Long portfolio, decreased its stake in Capital One Financial Corp. (NYSE:COF) by 1.10 million shares to 940,960 shares, valued at $90.16M in 2018Q1, according to the filing. It also reduced its holding in Pfizer Inc. (NYSE:PFE) by 1.06M shares in the quarter, leaving it with 2.11M shares, and cut its stake in Honeywell Intl Inc (NYSE:HON).

Another recent and important Accenture plc (NYSE:ACN) news was published by Seekingalpha.com which published an article titled: “Accenture announces two acquisitions to expand Industry X.0” on August 09, 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. Wedbush maintained the shares of ACN in report on Monday, April 2 with “Buy” rating. Robert W. Baird maintained Accenture plc (NYSE:ACN) rating on Tuesday, March 20. Robert W. Baird has “Neutral” rating and $165 target. Stifel Nicolaus maintained the shares of ACN in report on Thursday, June 21 with “Buy” rating. As per Friday, March 23, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, May 18. Cantor Fitzgerald maintained it with “Overweight” rating and $185 target in Friday, June 29 report. The firm has “Positive” rating by Susquehanna given on Tuesday, June 19. The rating was maintained by Wedbush on Tuesday, March 20 with “Outperform”. The rating was maintained by BMO Capital Markets on Thursday, March 22 with “Hold”. The stock has “Buy” rating by Robert W. Baird on Monday, June 25.

Accenture plc (NYSE:ACN) Ratings Chart

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