Wedbush Brokers Raise Earnings Estimates for Accenture Plc

by Ben Pena December 23, 2017, 0:17
Wedbush Brokers Raise Earnings Estimates for Accenture Plc

The company has market cap of $94.91 billion. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider's stock valued at $106,000 after acquiring an additional 162 shares in the last quarter. About 720,214 shares traded.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 21st. It has underperformed by 16.70% the S&P500. Insiders sold 83,325 shares of company stock worth $11,479,125 over the last 90 days.

Lee Danner & Bass Inc decreased Accenture Ltd (ACN) stake by 1.83% reported in 2017Q3 SEC filing. The company has market cap of $96.84 billion. The stock increased 0.29% or $0.12 during the last trading session, reaching $43.78. About 14,754 shares traded. Pebblebrook Hotel Trust (NYSE:PEB) has risen 32.44% since December 22, 2016 and is uptrending. It has outperformed by 6.14% the S&P500. The firm earned "Buy" rating on Thursday, August 31 by Argus Research. While for the Next 5 years, the company could expect a growth of 9.64% per annum, whereas in the past Five years Accenture Plc (NYSE:ACN) showed a growth of 9.27 Percent per annum. The rating was maintained by Citigroup on Friday, October 27 with "Neutral". Lee Danner & Bass Inc sold 3,347 shares as Accenture Ltd (ACN)'s stock declined 0.21%. The stock has "Buy" rating by Needham on Wednesday, July 29. The stock has "Equal-Weight" rating by Barclays Capital on Monday, September 21. The rating was initiated by Bank of America with "Buy" on Tuesday, September 12. The stock has "Hold" rating by Gabelli on Monday, March 7.

Analysts await Pebblebrook Hotel Trust (NYSE:PEB) to report earnings on February, 22. Equities research analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current year. HASI's profit will be $14.02 million for 22.44 P/E if the $0.27 EPS becomes a reality.

Public Employees Retirement Association Of Colorado, which manages about $13.87B US Long portfolio, upped its stake in Anadarko Pete (NYSE:APC) by 285,247 shares to 1.25 million shares, valued at $61.15 million in 2017Q3, according to the filing.

Wedbush also issued estimates for Accenture's Q3 2018 earnings at $1.75 EPS, Q4 2018 earnings at $1.76 EPS, FY2018 earnings at $6.77 EPS, Q1 2019 earnings at $1.88 EPS, Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.91 EPS and FY2019 earnings at $7.39 EPS. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.67 by $0.12. Whittier Tru Of Nevada invested in 6,588 shares. 30 funds opened positions while 58 raised stakes. Therefore, ROE for Accenture plc, ACN is 42.40%. Asset Advsrs reported 2.68% stake. Connable Office holds 9,801 shares or 0.27% of its portfolio. Manchester Capital Management LLC raised its holdings in Accenture by 7.0% in the second quarter. Haverford Financial reported 4.11% of its portfolio in Accenture plc (NYSE:ACN). Manchester Capital Mgmt Limited Liability stated it has 920 shares or 0.02% of all its holdings. 212,683 were accumulated by Guggenheim Capital Limited Liability Com. Ubs Asset Mngmt Americas has 0% invested in Plexus Corp. The California-based Wells Fargo Co Mn has invested 0% in Mattersight Corporation (NASDAQ:MATR). Everett Harris & Company Ca reported 247,570 shares. Hbk Invests Limited Partnership holds 0% or 3,565 shares in its portfolio.

Brexit talks to move to next stage
The EU27 confirmed Brussels' position that a final trade deal can not be signed until the United Kingdom has formally left. By the same token, Britain can not formalize trade agreements with other countries until it has left altogether.

Since August 1, 2017, it had 0 buys, and 9 selling transactions for $36.34 million activity.

Investors sentiment decreased to 1 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It turned negative, as 40 investors sold ACN shares while 370 reduced holdings.

Other hedge funds have also recently added to or reduced their stakes in the company. Credit Suisse AG raised its stake in shares of Accenture by 17.7% in the 1st quarter. Howe & Rusling Inc holds 0.02% or 888 shares in its portfolio. Exane Derivatives owns 343 shares for 0.01% of their portfolio.

What Historical Figures Say About Accenture plc (NYSE: ACN)? The New Jersey-based Hallmark Cap has invested 2.21% in Accenture plc (NYSE:ACN). Verition Fund Ltd Limited Liability Company owns 9,313 shares or 0.1% of their USA portfolio. Bancorporation Of Hawaii reported 10,055 shares. Redmond Asset Ltd has invested 0.51% in Accenture plc (NYSE:ACN).

Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides a range of debt and equity investments to the energy efficiency and renewable energy markets in the United States. Jensen Inv Mngmt Inc has invested 4.1% in Accenture plc (NYSE:ACN). Alyeska Investment Group Incorporated Lp accumulated 146,288 shares or 0.16% of the stock. It is positive, as 4 investors sold Mattersight Corporation shares while 4 reduced holdings. Csu Producer Res holds 12.79% or 20,000 shares. 182,068 are owned by Bartlett & Limited Liability Company.

Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 54% are positive. The stock has "Buy" rating by Cantor Fitzgerald on Friday, October 16. The rating was maintained by Cantor Fitzgerald on Monday, October 3 with "Buy". The stock of Accenture plc (NYSE:ACN) earned "Buy" rating by RBC Capital Markets on Wednesday, July 12. The company presently has an average rating of "Buy" and a consensus target price of $152.46. The company was maintained on Monday, March 28 by Barclays Capital.


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