Accenture Plc Ireland (ACN) Market Valuation Declined While Compass Capital Management Has Trimmed Its Holding by $794,376; Theleme Partners Llp Lifted Wells Fargo Co New (WFC) Position by $35.88 Million as Shares Declined

June 17, 2018 - By Dolores Ford

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Patrick Degorce increased its stake in Wells Fargo Co New (WFC) by 9.17% based on its latest 2018Q1 regulatory filing with the SEC. Theleme Partners Llp bought 690,000 shares as the company’s stock declined 8.45% with the market. The hedge fund run by Patrick Degorce held 8.22 million shares of the major banks company at the end of 2018Q1, valued at $430.58M, up from 7.53 million at the end of the previous reported quarter. Theleme Partners Llp who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $267.91B market cap company. The stock increased 0.44% or $0.24 during the last trading session, reaching $54.98. About 35.72 million shares traded or 82.48% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 17, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 06/04/2018 – Rival banks applauded U.S. watchdog on 2016 Wells Fargo settlement -emails; 06/03/2018 – WELLS FARGO FILES LAWSUIT AGAINST LJM IN MANHATTAN FEDERAL COURT; 07/05/2018 – WELLS FARGO & CO – MIKE LOUGHLIN WILL CONTINUE TO SERVE AS WELLS FARGO’S CHIEF RISK OFFICER UNTIL NORTON’S EMPLOYMENT WITH COMPANY BEGINS; 20/04/2018 – Sen. Sherr Brown: Brown Statement on CFPB and OCC’s $500 Million Fines Against Wells Fargo for Auto Insurance and Mortgage; 09/04/2018 – CNBC Wires: EXCLUSIVE-U.S. consumer watchdog seeks record fine against Wells Fargo for abuses; 12/04/2018 – Silgan Presenting at Wells Fargo Industrials Conference May 8; 20/04/2018 – Wells Fargo to Pay $1 Billion to Settle Risk Management Claims; 13/04/2018 – Wells Fargo faces $1 billion fine from loan abuses; 21/05/2018 – Wells Fargo CEO Sloan Says Bank Is Poised to Boost Auto Lending; 02/05/2018 – Wells Fargo Advisors Financial Network Adds Nutrien: 13F

Compass Capital Management Inc decreased its stake in Accenture Plc Ireland (ACN) by 2.71% based on its latest 2018Q1 regulatory filing with the SEC. Compass Capital Management Inc sold 5,192 shares as the company’s stock declined 5.31% with the market. The institutional investor held 186,313 shares of the business services company at the end of 2018Q1, valued at $28.60 million, down from 191,505 at the end of the previous reported quarter. Compass Capital Management Inc who had been investing in Accenture Plc Ireland for a number of months, seems to be less bullish one the $105.13B market cap company. The stock increased 0.44% or $0.72 during the last trading session, reaching $163.48. About 8.56M shares traded or 284.01% up from the average. Accenture plc (NYSE:ACN) has risen 26.72% since June 17, 2017 and is uptrending. It has outperformed by 14.15% the S&P500. Some Historical ACN News: 23/05/2018 – Global Human Resource Outsourcing Market Outlook to 2022 – Accenture, ADP, IBM, lnfosys, and Randstad are Leading the Market – ResearchAndMarkets.com; 29/03/2018 – ACCENTURE – ENTERED AGREEMENT TO ACQUIRE NEW YORK-BASED DIGITAL AGENCY, MEREDITH XCELERATED MARKETING; 14/05/2018 – Accenture Is a Leader and Star Performer in Everest Group Procurement Outsourcing Market Report for 2018; 22/03/2018 – ACCENTURE PLC – COMPANY DECLARES SEMI-ANNUAL CASH DIVIDEND OF $1.33 PER SHARE; 29/03/2018 – MEREDITH TO SELL MEREDITH XCELERATED MARKETING TO ACCENTURE; 22/03/2018 – ACCENTURE PLC – QTRLY NEW BOOKINGS $10.3 BLN VS. $9.2 BLN REPORTED LAST YEAR; 23/05/2018 – Financial Terms of Accenture-HO Communication Deal Weren’t Disclosed; 03/05/2018 – Accenture to Co-Develop Digital Defense and Security Solution with SAP, Helping Defense Agencies Accelerate Digital; 05/04/2018 – Mortgage Cadence Integrates FormFree’s AccountChek Asset-Verification Service into Its Enterprise Lending Center; 22/03/2018 – ACCENTURE 2Q BOOKINGS $10.3B

Theleme Partners Llp, which manages about $1.99B US Long portfolio, decreased its stake in S&P Global Inc by 462,500 shares to 405,404 shares, valued at $77.46M in 2018Q1, according to the filing.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: “How Wells Fargo Is Following in Bank of America’s Footsteps” on June 11, 2018, also Seekingalpha.com with their article: “Wells Fargo: Only Buy On Weakness” published on May 26, 2018, Fool.com published: “Is Wells Fargo & Company a Buy?” on June 15, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Fool.com and their article: “Why Wells Fargo Is Leaving the Midwest Behind” published on June 06, 2018 as well as Benzinga.com‘s news article titled: “Flagstar To Acquire 52 Wells Fargo Branches Across Midwest: ‘It Really Is A Good Fit'” with publication date: June 07, 2018.

Investors sentiment decreased to 0.59 in 2018 Q1. Its down 0.16, from 0.75 in 2017Q4. It dropped, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Kbc Nv holds 0.53% or 1.10M shares. Peddock Capital Advsr Llc reported 4,105 shares or 0.11% of all its holdings. Arizona State Retirement holds 0.6% or 1.14 million shares. Plante Moran Financial Advsrs Ltd Com owns 7,320 shares for 0.21% of their portfolio. The Ontario – Canada-based Baskin Fincl has invested 0.01% in Wells Fargo & Company (NYSE:WFC). Stewart Patten Com Limited Liability Com, California-based fund reported 254,911 shares. Pure Advsr Inc owns 7,059 shares. Linscomb Williams holds 85,910 shares. Contravisory Inv Management holds 0.01% or 282 shares in its portfolio. Sandy Spring Bancorp reported 40,432 shares or 0.19% of all its holdings. Westpac Banking Corporation has 538,841 shares. Davis R M stated it has 183,832 shares. Mckinley Carter Wealth invested in 4,064 shares or 0.07% of the stock. Tudor Corp Et Al reported 84,777 shares. Field And Main Bankshares holds 0.88% or 17,280 shares.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. As per Sunday, February 4, the company rating was maintained by BMO Capital Markets. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 13. The firm has “Hold” rating by BMO Capital Markets given on Sunday, July 30. On Friday, September 15 the stock rating was maintained by Jefferies with “Hold”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Overweight” rating by Morgan Stanley on Tuesday, September 20. The rating was maintained by FBR Capital on Tuesday, September 27 with “Outperform”. Susquehanna maintained the shares of WFC in report on Thursday, January 4 with “Hold” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Strong-Buy” rating given on Friday, August 28 by Vetr. On Wednesday, September 2 the stock rating was upgraded by Sandler O’Neill to “Buy”. BMO Capital Markets maintained the shares of WFC in report on Wednesday, May 31 with “Sell” rating.

Since May 24, 2018, it had 0 insider buys, and 1 sale for $1.40 million activity.

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28 before the open. 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 23.90 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 increased to 0.97 in Q1 2018. Its up 0.04, from 0.93 in 2017Q4. It increased, as 50 investors sold ACN shares while 396 reduced holdings. 105 funds opened positions while 326 raised stakes. 449.75 million shares or 1.56% less from 456.89 million shares in 2017Q4 were reported. Federated Invsts Inc Pa reported 0.01% of its portfolio in Accenture plc (NYSE:ACN). Greenleaf Tru reported 12,369 shares. Peapack Gladstone Financial reported 4,932 shares stake. Moreover, Usa Portformulas has 0.91% invested in Accenture plc (NYSE:ACN). Telemus Cap Llc, Michigan-based fund reported 42,347 shares. Wealth Enhancement Advisory Service Lc invested in 5,397 shares or 0.05% of the stock. Arrow owns 140 shares. World Asset Mgmt holds 0.31% or 43,051 shares in its portfolio. Windward Cap Management Ca stated it has 3.58% in Accenture plc (NYSE:ACN). Gamco Inc Et Al reported 4,280 shares. Moreover, Premier Asset Mgmt Ltd has 0.11% invested in Accenture plc (NYSE:ACN) for 3,239 shares. Heritage Invsts reported 0.14% of its portfolio in Accenture plc (NYSE:ACN). Cetera Advisor Networks Lc holds 0.03% or 4,720 shares. Nuveen Asset Mngmt Ltd Company reported 0.02% of its portfolio in Accenture plc (NYSE:ACN). Jolley Asset Mgmt Ltd Company owns 230 shares for 0.02% of their portfolio.

Another recent and important Accenture plc (NYSE:ACN) news was published by Fool.com which published an article titled: “What’s Accenture’s Secret Sauce?” on June 09, 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 97 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, November 20 by KeyBanc Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 7. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 29. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, September 27. The stock has “Hold” rating by Robert W. Baird on Monday, December 4. SunTrust maintained Accenture plc (NYSE:ACN) rating on Thursday, December 21. SunTrust has “Hold” rating and $164.0 target. The stock has “Hold” rating by SunTrust on Friday, September 29. The company was initiated on Friday, October 16 by Cantor Fitzgerald. Goldman Sachs downgraded Accenture plc (NYSE:ACN) rating on Monday, April 3. Goldman Sachs has “Sell” rating and $11 target. The rating was maintained by Stifel Nicolaus on Friday, May 20 with “Buy”.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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