As Accenture Plc (ACN) Valuation Declined, Martin Investment Management Has Increased Its Position; Apple (AAPL) Shareholder New Mexico Educational Retirement Board Trimmed Its Stake

February 18, 2018 - By Darrin Black

Martin Investment Management Llc increased its stake in Accenture Plc (ACN) by 14.21% based on its latest 2017Q3 regulatory filing with the SEC. Martin Investment Management Llc bought 10,102 shares as the company’s stock declined 0.21% while stock markets rallied. The institutional investor held 81,187 shares of the business services company at the end of 2017Q3, valued at $10.97M, up from 71,085 at the end of the previous reported quarter. Martin Investment Management Llc who had been investing in Accenture Plc for a number of months, seems to be bullish on the $100.31B market cap company. The stock increased 0.99% or $1.6 during the last trading session, reaching $162.66. About 2.00M shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since February 18, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

New Mexico Educational Retirement Board decreased its stake in Apple Inc (AAPL) by 1.67% based on its latest 2017Q3 regulatory filing with the SEC. New Mexico Educational Retirement Board sold 8,100 shares as the company’s stock rose 12.78% with the market. The institutional investor held 476,566 shares of the computer manufacturing company at the end of 2017Q3, valued at $73.45M, down from 484,666 at the end of the previous reported quarter. New Mexico Educational Retirement Board who had been investing in Apple Inc for a number of months, seems to be less bullish one the $874.91B market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $172.43. About 40.18 million shares traded or 17.89% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 18, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It dived, as 40 investors sold ACN shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported. Arvest Fincl Bank Division owns 187,075 shares. Laurel Grove Cap Ltd Com, California-based fund reported 13,250 shares. Riggs Asset Managment holds 465 shares or 0.03% of its portfolio. Hills Bancshares & Tru Commerce invested 0.08% in Accenture plc (NYSE:ACN). Neuberger Berman Grp Incorporated Ltd Limited Liability Company has invested 0.2% of its portfolio in Accenture plc (NYSE:ACN). Parametrica stated it has 8,557 shares or 0.49% of all its holdings. Glg Ltd Com holds 0.28% of its portfolio in Accenture plc (NYSE:ACN) for 32,200 shares. Riverhead Mgmt Ltd Liability Corp holds 0.58% or 90,941 shares in its portfolio. Welch & Forbes Lc invested in 3,298 shares or 0.01% of the stock. Piedmont Inv Limited Liability Company accumulated 190,039 shares. Guardian Life Insur Of America, a New York-based fund reported 1,406 shares. Pennsylvania accumulated 110,526 shares. Linscomb And Williams Incorporated owns 25,571 shares or 0.3% of their US portfolio. Long Road Invest Counsel Ltd Liability Corporation holds 1.94% in Accenture plc (NYSE:ACN) or 20,170 shares. Horan Capital invested 0.01% of its portfolio in Accenture plc (NYSE:ACN).

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 89 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Friday, December 22 by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of ACN in report on Friday, September 15 with “Buy” rating. KeyBanc Capital Markets maintained Accenture plc (NYSE:ACN) rating on Thursday, September 28. KeyBanc Capital Markets has “Buy” rating and $149.0 target. The company was upgraded on Tuesday, September 8 by Argus Research. On Tuesday, October 3 the stock rating was downgraded by Susquehanna to “Neutral”. BMO Capital Markets maintained the shares of ACN in report on Thursday, December 21 with “Hold” rating. Cowen & Co initiated it with “Outperform” rating and $115 target in Friday, February 19 report. The rating was maintained by Robert W. Baird with “Hold” on Thursday, September 28. The stock of Accenture plc (NYSE:ACN) has “Sell” rating given on Friday, June 23 by Goldman Sachs. The firm has “Equalweight” rating by Barclays Capital given on Thursday, July 7.

Martin Investment Management Llc, which manages about $585.57M and $358.13 million US Long portfolio, decreased its stake in Mastercard Inc (NYSE:MA) by 2,168 shares to 152,021 shares, valued at $21.47 million in 2017Q3, according to the filing. It also reduced its holding in Sap Se Spons Adr (NYSE:SAP) by 20,820 shares in the quarter, leaving it with 84,631 shares, and cut its stake in Toyota Mtr Corp Sponsored Adr (NYSE:TM).

Since August 15, 2017, it had 0 insider buys, and 7 selling transactions for $70.47 million activity. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78M on Tuesday, October 3. Another trade for 56,808 shares valued at $8.79M was sold by SCHILLER PHILIP W. The insider Srouji Johny sold $1.70 million. COOK TIMOTHY D sold $43.15 million worth of stock. KONDO CHRIS sold $1.01M worth of stock or 6,209 shares.

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