As Accenture Plc Ireland (ACN) Stock Price Declined, Weitz Investment Management Trimmed Its Position; As Sanchez Energy (SN) Stock Price Declined, Western Asset Management Company Has Boosted Position

May 22, 2018 - By Winifred Garcia

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Western Asset Management Company increased its stake in Sanchez Energy Corp (SN) by 183.44% based on its latest 2017Q4 regulatory filing with the SEC. Western Asset Management Company bought 100,890 shares as the company’s stock declined 42.40% with the market. The institutional investor held 155,890 shares of the oil & gas production company at the end of 2017Q4, valued at $828,000, up from 55,000 at the end of the previous reported quarter. Western Asset Management Company who had been investing in Sanchez Energy Corp for a number of months, seems to be bullish on the $342.72M market cap company. The stock increased 5.37% or $0.22 during the last trading session, reaching $4.32. About 1.70M shares traded. Sanchez Energy Corporation (NYSE:SN) has declined 66.23% since May 22, 2017 and is downtrending. It has underperformed by 77.78% the S&P500.

Weitz Investment Management Inc decreased its stake in Accenture Plc Ireland (ACN) by 31.38% based on its latest 2017Q4 regulatory filing with the SEC. Weitz Investment Management Inc sold 52,350 shares as the company’s stock declined 3.27% with the market. The institutional investor held 114,467 shares of the business services company at the end of 2017Q4, valued at $17.52 million, down from 166,817 at the end of the previous reported quarter. Weitz Investment Management Inc who had been investing in Accenture Plc Ireland for a number of months, seems to be less bullish one the $100.32B market cap company. The stock decreased 0.60% or $0.94 during the last trading session, reaching $156. About 490,098 shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since May 22, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.07, from 1 in 2017Q3. It turned negative, 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. Peapack Gladstone Fincl invested in 4,546 shares. Guardian Life Of America accumulated 0.07% or 2,001 shares. Liberty Mutual Grp Inc Asset Mngmt stated it has 0.11% of its portfolio in Accenture plc (NYSE:ACN). Endurance Wealth Mgmt reported 155 shares. 60,711 were reported by Mcrae Mgmt Incorporated. Cambridge Comm reported 69,532 shares stake. Hsbc Public Ltd Company has 407,303 shares. Brookstone Management stated it has 0.05% of its portfolio in Accenture plc (NYSE:ACN). 168,123 were reported by Gillespie Robinson & Grimm. Neuberger Berman Grp owns 926,009 shares. Boston Private Wealth Ltd holds 148,455 shares. Ballentine Prtnrs Ltd Liability has invested 0.06% in Accenture plc (NYSE:ACN). First has 0.16% invested in Accenture plc (NYSE:ACN). 10,060 are held by Highland Management. Teachers Retirement Of The State Of Kentucky, Kentucky-based fund reported 91,400 shares.

Weitz Investment Management Inc, which manages about $5.99B and $2.40 billion US Long portfolio, upped its stake in Danaher Corp Del (NYSE:DHR) by 30,000 shares to 239,870 shares, valued at $22.27 million in 2017Q4, according to the filing. It also increased its holding in Comcast Corp New (NASDAQ:CMCSA) by 12,600 shares in the quarter, for a total of 625,520 shares, and has risen its stake in Aci Worldwide Inc (NASDAQ:ACIW).

More notable recent Accenture plc (NYSE:ACN) news were published by: Businesswire.com which released: “Accenture Provides Video Platform for Turner’s OTT products” on May 22, 2018, also Businesswire.com with their article: “Accenture Again Named Technology Advisory House of the Year by Energy Risk Magazine” published on May 21, 2018, Seekingalpha.com published: “Buy Accenture” on May 07, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Streetinsider.com and their article: “Accenture (ACN) Announces Acquisition of Certus Solutions” published on April 30, 2018 as well as Streetinsider.com‘s news article titled: “Accenture (ACN) Granted US Patent for ZBx AI Platform that Categorizes Data for Zero-Based Spend Analysis” with publication date: May 21, 2018.

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. RBC Capital Markets maintained it with “Outperform” rating and $148 target in Friday, September 29 report. On Monday, February 5 the stock rating was upgraded by Morgan Stanley to “Buy”. On Friday, May 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Tuesday, September 12 by Bank of America. On Friday, September 30 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Accenture plc (NYSE:ACN) earned “Hold” rating by BMO Capital Markets on Thursday, June 22. The firm has “Overweight” rating by Cantor Fitzgerald given on Friday, December 22. Berenberg initiated Accenture plc (NYSE:ACN) rating on Thursday, October 13. Berenberg has “Buy” rating and $140 target. The firm has “Outperform” rating by Wells Fargo given on Friday, September 29. The rating was maintained by Cowen & Co on Friday, December 22 with “Buy”.

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 $1.10B for 22.81 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.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.16, from 1.14 in 2017Q3. It fall, as 20 investors sold SN shares while 34 reduced holdings. 18 funds opened positions while 35 raised stakes. 45.63 million shares or 5.04% less from 48.05 million shares in 2017Q3 were reported. Barclays Plc has invested 0% in Sanchez Energy Corporation (NYSE:SN). Geode Cap Ltd stated it has 0% in Sanchez Energy Corporation (NYSE:SN). Carval Investors Limited Liability Corporation invested in 594,285 shares. Royal Savings Bank Of Canada invested in 0% or 9,590 shares. Citadel Advsrs Llc owns 62,424 shares for 0% of their portfolio. National Bank & Trust Of Nova Scotia has invested 0% of its portfolio in Sanchez Energy Corporation (NYSE:SN). Vanguard Gru holds 4.95 million shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Sanchez Energy Corporation (NYSE:SN) for 21,257 shares. Parkwood Llc reported 0.08% of its portfolio in Sanchez Energy Corporation (NYSE:SN). Sei Invs owns 141,490 shares. Moreover, Oz Management Ltd Partnership has 0.01% invested in Sanchez Energy Corporation (NYSE:SN) for 444,600 shares. Schroder Inv Mgmt Group Inc holds 1.68 million shares. Moreover, Raymond James Svcs Advisors Incorporated has 0% invested in Sanchez Energy Corporation (NYSE:SN). Invesco Ltd invested 0% in Sanchez Energy Corporation (NYSE:SN). Credit Suisse Ag holds 0% in Sanchez Energy Corporation (NYSE:SN) or 65,632 shares.

Among 20 analysts covering Sanchez Energy Corp (NYSE:SN), 7 have Buy rating, 2 Sell and 11 Hold. Therefore 35% are positive. Sanchez Energy Corp had 72 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Agricole upgraded the stock to “Outperform” rating in Wednesday, August 12 report. On Thursday, June 22 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Friday, January 13, the company rating was upgraded by KLR Group. Seaport Global downgraded the shares of SN in report on Wednesday, June 21 to “Sell” rating. On Wednesday, March 14 the stock rating was maintained by Piper Jaffray with “Hold”. Seaport Global upgraded the stock to “Buy” rating in Thursday, January 21 report. The firm has “Hold” rating by SunTrust given on Monday, February 26. The stock has “Hold” rating by Stifel Nicolaus on Thursday, July 13. FBR Capital maintained the shares of SN in report on Tuesday, November 8 with “Outperform” rating. The firm has “Sector Perform” rating given on Monday, August 17 by Iberia Capital Partners.

Since January 3, 2018, it had 0 buys, and 14 insider sales for $1.09 million activity. Kopel Gregory B sold $12,300 worth of stock or 4,126 shares. $347,318 worth of Sanchez Energy Corporation (NYSE:SN) was sold by SANCHEZ ANTONIO R JR. Heinson Christopher also sold $103,894 worth of Sanchez Energy Corporation (NYSE:SN) on Monday, January 8. 8,251 Sanchez Energy Corporation (NYSE:SN) shares with value of $24,596 were sold by Thill Howard J SR. On Monday, April 16 Sanchez Patricio D. sold $49,059 worth of Sanchez Energy Corporation (NYSE:SN) or 13,202 shares.

More recent Sanchez Energy Corporation (NYSE:SN) news were published by: Seekingalpha.com which released: “Sanchez Energy Not Producing Profits” on May 18, 2018. Also Seekingalpha.com published the news titled: “Sanchez Energy -9% on disappointing Q1 earnings, production” on May 08, 2018. Seekingalpha.com‘s news article titled: “Sanchez Energy: Management Deja Vu” with publication date: May 10, 2018 was also an interesting one.

Sanchez Energy Corporation (NYSE:SN) Institutional Positions Chart

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