Targa Resources In (TRGP) Shareholder Duff & Phelps Investment Management Co Has Increased Position by $436,500; Accenture Plc Ireland (ACN) Shareholder Landscape Capital Management Has Lowered Its Stake

December 15, 2017 - By Peter Erickson

Landscape Capital Management Llc decreased its stake in Accenture Plc Ireland (ACN) by 48.57% based on its latest 2017Q2 regulatory filing with the SEC. Landscape Capital Management Llc sold 4,294 shares as the company’s stock declined 0.21% while stock markets rallied. The hedge fund held 4,547 shares of the business services company at the end of 2017Q2, valued at $562,000, down from 8,841 at the end of the previous reported quarter. Landscape Capital Management Llc who had been investing in Accenture Plc Ireland for a number of months, seems to be less bullish one the $93.84B market cap company. The stock increased 0.96% or $1.45 during the last trading session, reaching $152.66. About 1.89 million shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since December 15, 2016 and is uptrending. It has underperformed by 12.43% the S&P500.

Duff & Phelps Investment Management Co increased its stake in Targa Resources In (TRGP) by 0.76% based on its latest 2017Q2 regulatory filing with the SEC. Duff & Phelps Investment Management Co bought 9,700 shares as the company’s stock declined 13.24% while stock markets rallied. The institutional investor held 1.29 million shares of the public utilities company at the end of 2017Q2, valued at $58.31M, up from 1.28 million at the end of the previous reported quarter. Duff & Phelps Investment Management Co who had been investing in Targa Resources In for a number of months, seems to be bullish on the $10.20 billion market cap company. The stock increased 1.39% or $0.65 during the last trading session, reaching $47.31. About 681,157 shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since December 15, 2016 and is uptrending. It has outperformed by 1.72% the S&P500.

Analysts await Accenture plc (NYSE:ACN) to report earnings on December, 20. They expect $1.66 earnings per share, up 5.06% or $0.08 from last year’s $1.58 per share. ACN’s profit will be $1.02 billion for 22.99 P/E if the $1.66 EPS becomes a reality. After $1.48 actual earnings per share reported by Accenture plc for the previous quarter, Wall Street now forecasts 12.16% EPS growth.

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.12, from 0.93 in 2017Q1. It is positive, as 49 investors sold ACN shares while 348 reduced holdings. 82 funds opened positions while 334 raised stakes. 466.45 million shares or 0.50% more from 464.13 million shares in 2017Q1 were reported. Great Lakes Lc invested in 299,338 shares. Axa, a France-based fund reported 499,926 shares. 9,356 were accumulated by Asset Mngmt. D L Carlson Investment has 7,038 shares for 0.26% of their portfolio. Fmr Lc holds 6.16M shares. Rockefeller Fin Svcs owns 7,395 shares. Moreover, Credit Agricole S A has 0.71% invested in Accenture plc (NYSE:ACN) for 1.76 million shares. Bbva Compass Natl Bank reported 44,155 shares. Atlanta Mngmt Company L L C invested 0.4% in Accenture plc (NYSE:ACN). State Board Of Administration Of Florida Retirement accumulated 0.32% or 904,760 shares. Gargoyle Invest Advisor Ltd Company, New Jersey-based fund reported 20,075 shares. Thomas Story And Son Ltd Liability Company invested in 77,265 shares. Hbk Sorce Advisory Limited Liability Corporation reported 0.12% of its portfolio in Accenture plc (NYSE:ACN). 3,150 are owned by Moreno Evelyn V. Perkins Coie Trust invested in 0.91% or 13,677 shares.

Landscape Capital Management Llc, which manages about $258.27 million and $883.81 million US Long portfolio, upped its stake in Tailored Brands Inc by 98,181 shares to 134,341 shares, valued at $1.50M in 2017Q2, according to the filing. It also increased its holding in Simon Ppty Group Inc New (NYSE:SPG) by 57,608 shares in the quarter, for a total of 82,220 shares, and has risen its stake in Cubesmart (NYSE:CUBE).

Among 26 analysts covering Accenture Plc (NYSE:ACN), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. Accenture Plc had 72 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, September 28 by Citigroup. BMO Capital Markets maintained Accenture plc (NYSE:ACN) on Friday, September 29 with “Market Perform” rating. The rating was maintained by RBC Capital Markets with “Buy” on Monday, August 14. The rating was downgraded by Credit Suisse to “Neutral” on Friday, June 24. The stock of Accenture plc (NYSE:ACN) has “” rating given on Monday, March 27 by Deutsche Bank. KeyBanc Capital Markets maintained Accenture plc (NYSE:ACN) rating on Sunday, October 29. KeyBanc Capital Markets has “Buy” rating and $149.0 target. The company was maintained on Thursday, July 7 by Barclays Capital. KeyBanc Capital Markets maintained the shares of ACN in report on Thursday, September 28 with “Buy” rating. The rating was maintained by Robert W. Baird on Thursday, September 28 with “Hold”. The stock of Accenture plc (NYSE:ACN) has “Hold” rating given on Wednesday, May 24 by SunTrust.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $93,874 activity.

Duff & Phelps Investment Management Co, which manages about $9.24B and $6.94 billion US Long portfolio, decreased its stake in Nextera Energy Inc (NYSE:NEE) by 188,935 shares to 1.15 million shares, valued at $161.26M in 2017Q2, according to the filing. It also reduced its holding in Public Storage (NYSE:PSA) by 181,450 shares in the quarter, leaving it with 128,081 shares, and cut its stake in Enbridge Energy Part (NYSE:EEP).

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