Vantage Investment Advisors Stake in Ibm (IBM) Upped by $405,144; As Accenture Plc (ACN) Stock Value Declined, Shareholder Professional Advisory Services Lowered Position by $889,848

April 17, 2018 - By David Stenberg

Accenture plc (NYSE:ACN) Logo

Professional Advisory Services Inc decreased its stake in Accenture Plc (ACN) by 5.48% based on its latest 2017Q4 regulatory filing with the SEC. Professional Advisory Services Inc sold 5,816 shares as the company’s stock declined 3.27% with the market. The institutional investor held 100,334 shares of the business services company at the end of 2017Q4, valued at $15.36 million, down from 106,150 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Accenture Plc for a number of months, seems to be less bullish one the $99.26 billion market cap company. The stock increased 1.94% or $2.93 during the last trading session, reaching $154.35. About 1.67 million shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 17, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Vantage Investment Advisors Llc increased its stake in Ibm (IBM) by 22.88% based on its latest 2017Q4 regulatory filing with the SEC. Vantage Investment Advisors Llc bought 2,648 shares as the company’s stock declined 0.39% with the market. The institutional investor held 14,222 shares of the computer manufacturing company at the end of 2017Q4, valued at $2.18M, up from 11,574 at the end of the previous reported quarter. Vantage Investment Advisors Llc who had been investing in Ibm for a number of months, seems to be bullish on the $149.07 billion market cap company. The stock increased 2.49% or $3.9386 during the last trading session, reaching $161.8286. About 6.38 million shares traded or 19.44% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 17, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.07, from 1 in 2017Q3. It dived, 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. Hall Laurie J Trustee reported 0.12% of its portfolio in Accenture plc (NYSE:ACN). M&T Bancorporation Corp owns 130,087 shares for 0.1% of their portfolio. Washington Tru owns 114,323 shares or 0.98% of their US portfolio. Korea Invest Corp holds 0.24% or 347,759 shares. Tower Rech Ltd Liability Com (Trc) invested 0.08% in Accenture plc (NYSE:ACN). Kj Harrison & holds 1,500 shares or 0.08% of its portfolio. Sns Grp Incorporated Ltd Co invested 0.06% in Accenture plc (NYSE:ACN). Element Cap Mngmt Ltd Liability holds 0.55% or 145,392 shares in its portfolio. Smithbridge Asset Mngmt De has invested 3.91% in Accenture plc (NYSE:ACN). Cim Lc accumulated 2,503 shares. Homrich And Berg reported 6,430 shares stake. Fifth Third Financial Bank has 0.46% invested in Accenture plc (NYSE:ACN) for 442,314 shares. North Star Investment Mgmt Corp holds 2,544 shares. Cadinha And Commerce Ltd reported 97,001 shares. Da Davidson has invested 0.03% in Accenture plc (NYSE:ACN).

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 22.57 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.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 96 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Friday, December 22 by Pivotal Research. The rating was maintained by Citigroup with “Neutral” on Wednesday, September 28. The rating was maintained by Barclays Capital on Friday, March 23 with “Equal-Weight”. The rating was maintained by Cantor Fitzgerald on Thursday, June 15 with “Buy”. The rating was maintained by Cantor Fitzgerald on Monday, October 3 with “Buy”. The firm has “Overweight” rating by Cantor Fitzgerald given on Friday, December 22. The company was maintained on Friday, June 24 by RBC Capital Markets. RBC Capital Markets maintained Accenture plc (NYSE:ACN) rating on Monday, August 14. RBC Capital Markets has “Buy” rating and $14500 target. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, November 2. The firm has “Outperform” rating by Cowen & Co given on Friday, February 19.

Professional Advisory Services Inc, which manages about $474.18M US Long portfolio, upped its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 882 shares to 10,754 shares, valued at $18.69M in 2017Q4, according to the filing. It also increased its holding in Tjx Companies (NYSE:TJX) by 28,881 shares in the quarter, for a total of 251,525 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Vantage Investment Advisors Llc, which manages about $916.05M and $434.64M US Long portfolio, decreased its stake in At&T Inc. (NYSE:T) by 105,687 shares to 89,746 shares, valued at $3.43M in 2017Q4, according to the filing.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 126 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Neutral” rating in Tuesday, October 18 report. The company was maintained on Friday, January 19 by RBC Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Friday, January 8. The company was initiated on Tuesday, April 4 by Berenberg. Goldman Sachs maintained the stock with “Neutral” rating in Tuesday, July 19 report. BMO Capital Markets maintained it with “Market Perform” rating and $170 target in Wednesday, October 18 report. The rating was maintained by Stifel Nicolaus on Thursday, January 12 with “Buy”. Barclays Capital initiated International Business Machines Corporation (NYSE:IBM) rating on Wednesday, October 14. Barclays Capital has “Underweight” rating and $146 target. Credit Suisse maintained it with “Underperform” rating and $110 target in Tuesday, July 19 report. The stock has “Hold” rating by Deutsche Bank on Wednesday, January 20.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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