June 24, 2016

Credit Suisse Downgraded Accenture Plc (ACN)


Accenture Plc (NYSE:ACN) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC raised its position in Accenture Plc by 53.3% in the first quarter. Ropes Wealth Advisors LLC now owns 1,420 shares of the company’s stock worth $164,000 after buying an additional 494 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Accenture Plc by 89.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,662 shares of the company’s stock valued at $192,000 after buying an additional 784 shares during the last quarter. Raab & Moskowitz Asset Management LLC acquired a new stake in shares of Accenture Plc during the first quarter valued at $211,000. Optimum Investment Advisors acquired a new stake in shares of Accenture Plc during the first quarter valued at $239,000. Finally, Iberiabank Corp increased its stake in shares of Accenture Plc by 10.8% in the first quarter. Iberiabank Corp now owns 2,433 shares of the company’s stock valued at $281,000 after buying an additional 237 shares during the last quarter.