Accenture (ACN) Shareholder Connors Investor Services Lowered Stake by $1.39 Million as Share Value Declined; Oxbow Advisors Stake In Stonecastle Financial (BANX) Was Has Raised

April 22, 2018 - By Louis Casey

Accenture plc (NYSE:ACN) Logo

Oxbow Advisors Llc increased its stake in Stonecastle Financial Corp (BANX) by 14.63% based on its latest 2017Q4 regulatory filing with the SEC. Oxbow Advisors Llc bought 34,536 shares as the company’s stock rose 6.79% while stock markets declined. The institutional investor held 270,577 shares of the company at the end of 2017Q4, valued at $5.45 million, up from 236,041 at the end of the previous reported quarter. Oxbow Advisors Llc who had been investing in Stonecastle Financial Corp for a number of months, seems to be bullish on the $140.73 million market cap company. The stock decreased 0.42% or $0.09 during the last trading session, reaching $21.51. About 9,672 shares traded. StoneCastle Financial Corp. (NASDAQ:BANX) has risen 10.84% since April 22, 2017 and is uptrending. It has underperformed by 0.71% the S&P500.

Connors Investor Services Inc decreased its stake in Accenture (ACN) by 30.33% based on its latest 2017Q4 regulatory filing with the SEC. Connors Investor Services Inc sold 9,100 shares as the company’s stock declined 3.27% with the market. The institutional investor held 20,900 shares of the business services company at the end of 2017Q4, valued at $3.20 million, down from 30,000 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Accenture for a number of months, seems to be less bullish one the $98.01 billion market cap company. The stock decreased 1.41% or $2.18 during the last trading session, reaching $152.41. About 2.30 million shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 22, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

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. Robert W. Baird maintained Accenture plc (NYSE:ACN) rating on Friday, September 1. Robert W. Baird has “Hold” rating and $142.0 target. The stock of Accenture plc (NYSE:ACN) earned “Sell” rating by Goldman Sachs on Friday, June 23. Robert W. Baird maintained Accenture plc (NYSE:ACN) on Thursday, December 21 with “Hold” rating. The stock has “Outperform” rating by Wells Fargo on Friday, September 29. The stock has “Neutral” rating by Susquehanna on Tuesday, October 3. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, March 23. The rating was maintained by Stifel Nicolaus on Friday, May 20 with “Buy”. The stock of Accenture plc (NYSE:ACN) has “Hold” rating given on Tuesday, January 2 by Credit Suisse. As per Friday, December 18, the company rating was maintained by RBC Capital Markets. The stock of Accenture plc (NYSE:ACN) has “Hold” rating given on Monday, December 4 by Robert W. Baird.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.07, from 1 in 2017Q3. It fall, 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. Rock Point Advisors Lc reported 50,904 shares stake. South State owns 14,312 shares. Arcadia Invest Mngmt Mi has invested 2.84% of its portfolio in Accenture plc (NYSE:ACN). Exchange Mgmt holds 0.9% or 16,364 shares in its portfolio. 11,492 are owned by Baldwin Brothers Inc Ma. Lourd Ltd Company has 6,615 shares for 0.07% of their portfolio. Ci Invests Incorporated invested in 46,390 shares or 0.14% of the stock. Louisiana State Employees Retirement System holds 0.26% of its portfolio in Accenture plc (NYSE:ACN) for 37,400 shares. Stevens Mngmt L P, Pennsylvania-based fund reported 69,205 shares. Gw Henssler & Associate accumulated 7,598 shares. Kistler holds 0.06% or 1,044 shares in its portfolio. Lpl Financial holds 0.03% or 72,152 shares in its portfolio. Penn Davis Mcfarland owns 2.18% invested in Accenture plc (NYSE:ACN) for 48,508 shares. Thomas Story Son Ltd Liability Corp stated it has 5.91% in Accenture plc (NYSE:ACN). Baystate Wealth Ltd Llc invested in 730 shares or 0.02% of the stock.

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

Connors Investor Services Inc, which manages about $522.13 million and $694.74M US Long portfolio, upped its stake in Chubb (NYSE:CB) by 20,499 shares to 69,227 shares, valued at $10.12 million in 2017Q4, according to the filing. It also increased its holding in M&T Bank Corp (NYSE:MTB) by 2,475 shares in the quarter, for a total of 58,625 shares, and has risen its stake in Apple (NASDAQ:AAPL).

Investors sentiment increased to 1 in Q4 2017. Its up 0.15, from 0.85 in 2017Q3. It improved, as 0 investors sold BANX shares while 12 reduced holdings. 4 funds opened positions while 8 raised stakes. 1.92 million shares or 1.18% more from 1.90 million shares in 2017Q3 were reported. Bb&T Securities Ltd Liability Company has invested 0% of its portfolio in StoneCastle Financial Corp. (NASDAQ:BANX). Royal Bancorp Of Canada reported 7,636 shares. Oxbow Advsrs, Texas-based fund reported 270,577 shares. Pnc Financial Grp Inc Inc reported 66,000 shares stake. Clear Harbor Asset Management Ltd Liability Corp reported 15,347 shares or 0.06% of all its holdings. 156,574 were accumulated by Greenwich Invest Management. Fifth Third Natl Bank holds 0% of its portfolio in StoneCastle Financial Corp. (NASDAQ:BANX) for 1,000 shares. Punch & Assocs Investment Management reported 0.92% in StoneCastle Financial Corp. (NASDAQ:BANX). Northern Trust Corporation holds 13,726 shares. Fenimore Asset Mngmt stated it has 0.18% in StoneCastle Financial Corp. (NASDAQ:BANX). Deprince Race Zollo Inc owns 14,728 shares. Oppenheimer Company holds 0.01% or 26,530 shares in its portfolio. 1,727 are held by Perigon Wealth Mngmt Ltd Liability Com. Bard Associates has invested 0.2% in StoneCastle Financial Corp. (NASDAQ:BANX). Manufacturers Life Ins The holds 0% or 2,300 shares.

Oxbow Advisors Llc, which manages about $1.04B and $534.01 million US Long portfolio, decreased its stake in Bp Plc Sponsored Adr (Frm Bp A (NYSE:BP) by 9,771 shares to 43,327 shares, valued at $1.82M in 2017Q4, according to the filing. It also reduced its holding in Schlumberger Ltd (NYSE:SLB) by 45,406 shares in the quarter, leaving it with 7,648 shares, and cut its stake in Citigroup Inc New (NYSE:C).

Among 6 analysts covering StoneCastle Financial (NASDAQ:BANX), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. StoneCastle Financial had 14 analyst reports since August 17, 2015 according to SRatingsIntel. The company was maintained on Monday, April 2 by Robert W. Baird. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, August 9. On Thursday, August 10 the stock rating was maintained by Oppenheimer with “Buy”. The firm earned “Mkt Perform” rating on Wednesday, November 18 by Keefe Bruyette & Woods. On Wednesday, June 1 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. The company was maintained on Thursday, November 9 by Robert W. Baird. Wunderlich maintained StoneCastle Financial Corp. (NASDAQ:BANX) rating on Tuesday, October 20. Wunderlich has “Buy” rating and $25 target. Keefe Bruyette & Woods maintained the shares of BANX in report on Thursday, November 9 with “Buy” rating. The firm has “Neutral” rating by National Securities given on Monday, September 21. Oppenheimer maintained StoneCastle Financial Corp. (NASDAQ:BANX) on Tuesday, November 14 with “Outperform” rating.

StoneCastle Financial Corp. (NASDAQ:BANX) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>