As Accenture Plc Ireland (ACN) Share Value Rose, Wcm Investment Management Has Upped Stake by $30.92 Million

October 2, 2018 - By Darrin Black

Accenture plc (NYSE:ACN) LogoInvestors sentiment increased to 1.07 in Q2 2018. Its up 0.10, from 0.97 in 2018Q1. It is positive, 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 Citizens National Bank & Trust & Tru holds 21,009 shares or 0.42% of its portfolio. Nuance Investments Limited Liability owns 1,559 shares for 0.02% of their portfolio. Dakota Wealth reported 0.15% stake. Canada Pension Plan Inv Board stated it has 158,745 shares or 0.05% of all its holdings. Field & Main Financial Bank reported 0.71% in Accenture plc (NYSE:ACN). Clark Capital Mgmt Incorporated stated it has 106,093 shares. Quantum Mgmt accumulated 0.08% or 1,254 shares. Asset Advisors Corporation has 112,315 shares for 3.2% of their portfolio. Maple Inc reported 52,962 shares or 2.14% of all its holdings. Donaldson Limited Liability Corp holds 3.07% or 192,788 shares in its portfolio. World Asset stated it has 0.36% in Accenture plc (NYSE:ACN). Gulf Interest Bank (Uk) Limited invested 0.41% of its portfolio in Accenture plc (NYSE:ACN). Fiduciary Tru reported 14,288 shares stake. 28,474 are held by Tower Research Capital Ltd Liability Com (Trc). Cooke And Bieler LP holds 0.75% or 254,563 shares in its portfolio.

Wcm Investment Management increased its stake in Accenture Plc Ireland (ACN) by 3.45% based on its latest 2018Q2 regulatory filing with the SEC. Wcm Investment Management bought 189,666 shares as the company’s stock rose 4.50% with the market. The institutional investor held 5.69 million shares of the business services company at the end of 2018Q2, valued at $931.39M, up from 5.50M at the end of the previous reported quarter. Wcm Investment Management who had been investing in Accenture Plc Ireland for a number of months, seems to be bullish on the $111.18 billion market cap company. The stock increased 1.94% or $3.31 during the last trading session, reaching $173.51. About 2.34M shares traded or 21.30% up from the average. Accenture plc (NYSE:ACN) has risen 25.06% since October 2, 2017 and is uptrending. It has outperformed by 9.44% the S&P500.

Wcm Investment Management, which manages about $10.49 billion US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 429,944 shares to 4,000 shares, valued at $777,000 in 2018Q2, according to the filing. It also reduced its holding in Yandex N V (NASDAQ:YNDX) by 17.27 million shares in the quarter, leaving it with 231,838 shares, and cut its stake in Thermon Group Hldgs Inc (NYSE:THR).

More notable recent Accenture plc (NYSE:ACN) news were published by: Seekingalpha.com which released: “Accenture plc 2018 Q4 – Results – Earnings Call Slides” on September 27, 2018, also Seekingalpha.com with their article: “Accenture plc (ACN) CEO Pierre Nanterme on Q4 2018 Results – Earnings Call Transcript” published on September 27, 2018, Seekingalpha.com published: “Accenture issues guidance ahead of consensus” on September 27, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Seekingalpha.com and their article: “IBM launches bias-detection service for AI” published on September 19, 2018 as well as Seekingalpha.com‘s news article titled: “Accenture declares $1.46 dividend” with publication date: September 27, 2018.

Accenture plc (NYSE:ACN) Ratings Coverage

Among 9 analysts covering Accenture (NYSE:ACN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Accenture had 12 analyst reports since May 18, 2018 according to SRatingsIntel. Robert W. Baird maintained Accenture plc (NYSE:ACN) on Monday, June 25 with “Buy” rating. The firm has “Buy” rating given on Thursday, June 21 by Stifel Nicolaus. Robert W. Baird maintained it with “Neutral” rating and $176 target in Friday, September 28 report. Cantor Fitzgerald maintained it with “Overweight” rating and $185 target in Friday, June 29 report. The firm earned “Neutral” rating on Monday, September 24 by Bank of America. The company was maintained on Friday, September 28 by Credit Suisse. The firm has “Buy” rating given on Friday, June 29 by Deutsche Bank. KeyBanc Capital Markets maintained the shares of ACN in report on Friday, May 18 with “Buy” rating. Citigroup maintained Accenture plc (NYSE:ACN) rating on Friday, June 29. Citigroup has “Neutral” rating and $163 target. Susquehanna upgraded the stock to “Positive” rating in Tuesday, June 19 report.

Accenture plc (NYSE:ACN) Ratings Chart

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