Gemmer Asset Management Has Boosted Its Adobe Sys (ADBE) Position by $2.77 Million; Confluence Wealth Management Has Lowered Its Accenture Plc Ireland (ACN) Position by $340,731; Market Value Declined

April 25, 2018 - By Marie Mckinney

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Confluence Wealth Management Llc decreased its stake in Accenture Plc Ireland (ACN) by 19.7% based on its latest 2017Q4 regulatory filing with the SEC. Confluence Wealth Management Llc sold 2,227 shares as the company’s stock declined 3.27% with the market. The institutional investor held 9,080 shares of the business services company at the end of 2017Q4, valued at $1.39M, down from 11,307 at the end of the previous reported quarter. Confluence Wealth Management Llc who had been investing in Accenture Plc Ireland for a number of months, seems to be less bullish one the $97.15 billion market cap company. The stock decreased 1.29% or $1.97 during the last trading session, reaching $151.07. About 1.92M shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 25, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Gemmer Asset Management Llc increased its stake in Adobe Sys Inc (ADBE) by 49.6% based on its latest 2017Q4 regulatory filing with the SEC. Gemmer Asset Management Llc bought 15,825 shares as the company’s stock rose 22.17% while stock markets declined. The institutional investor held 47,730 shares of the prepackaged software company at the end of 2017Q4, valued at $8.36M, up from 31,905 at the end of the previous reported quarter. Gemmer Asset Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $107.53 billion market cap company. The stock increased 0.21% or $0.45 during the last trading session, reaching $218.34. About 29,432 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 25, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

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 22.09 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 0.93 in 2017 Q4. Its down 0.07, from 1 in 2017Q3. It worsened, 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. Vaughan David Invs Il holds 0.03% of its portfolio in Accenture plc (NYSE:ACN) for 3,618 shares. Miller Investment Management Limited Partnership holds 0.11% or 2,383 shares in its portfolio. Keating Investment Counselors has 0.25% invested in Accenture plc (NYSE:ACN) for 3,865 shares. Grp Inc Inc accumulated 239,943 shares. Westwood Hldgs Grp Inc has invested 0.73% in Accenture plc (NYSE:ACN). Provident Inv Inc reported 3,334 shares stake. Garrison accumulated 32,961 shares. Smead Cap reported 451,935 shares stake. The Georgia-based Montag And Caldwell Ltd has invested 0.01% in Accenture plc (NYSE:ACN). 7,316 were reported by M Hldg Secs. Edgemoor Invest Advisors Inc has invested 0.04% in Accenture plc (NYSE:ACN). Guardian Life Insurance Of America holds 0.07% in Accenture plc (NYSE:ACN) or 2,001 shares. The Massachusetts-based Hall Laurie J Trustee has invested 0.12% in Accenture plc (NYSE:ACN). Premier Asset Mngmt Limited Liability Company invested in 0.11% or 3,239 shares. Lord Abbett Company Ltd Liability Corp, New Jersey-based fund reported 309,500 shares.

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 the stock with “Outperform” rating in Friday, December 18 report. KeyBanc Capital Markets maintained Accenture plc (NYSE:ACN) on Wednesday, September 20 with “Buy” rating. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Argus Research on Tuesday, September 8. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, March 22. On Friday, March 24 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was maintained on Friday, December 22 by Cantor Fitzgerald. The rating was initiated by Pivotal Research on Wednesday, November 8 with “Buy”. Stifel Nicolaus maintained Accenture plc (NYSE:ACN) rating on Thursday, September 7. Stifel Nicolaus has “Buy” rating and $146 target. The stock of Accenture plc (NYSE:ACN) earned “Overweight” rating by JP Morgan on Monday, March 28. The stock has “Buy” rating by RBC Capital Markets on Wednesday, July 12.

Confluence Wealth Management Llc, which manages about $538.63 million and $210.78M US Long portfolio, upped its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 2,436 shares to 3,713 shares, valued at $1.36M in 2017Q4, according to the filing.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It dropped, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Oregon Public Employees Retirement Fund has 0.33% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 138,505 shares. Tiger Eye Limited Liability Corp holds 3.08% or 106,433 shares in its portfolio. Riverpark Limited Liability Com has 0.58% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 23,077 shares. Cibc Asset Management owns 82,953 shares. Birch Hill Invest Advisors Limited Liability reported 2,051 shares stake. Kdi Cap Prtn has 2.94% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 42,214 shares. Callahan Ltd Co stated it has 1,850 shares. Adage Capital Prtnrs Group has 0.28% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 698,328 shares. Credit Agricole S A accumulated 25,800 shares. Lathrop Invest Mgmt accumulated 5.32% or 110,363 shares. International Gru reported 217,598 shares. Walleye Trading holds 0.1% in Adobe Systems Incorporated (NASDAQ:ADBE) or 113,256 shares. Night Owl Capital Mngmt Limited Liability Company owns 2.78% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 34,006 shares. Cypress Capital Grp has invested 0.39% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Arcadia Invest Mgmt Mi reported 31,624 shares or 1.55% of all its holdings.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, June 21 with “Buy” rating. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, January 23. Canaccord Genuity has “Buy” rating and $220.0 target. The firm earned “Mkt Perform” rating on Friday, December 11 by FBR Capital. On Friday, March 16 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The company was maintained on Wednesday, September 21 by Pivotal Research. The rating was maintained by Cowen & Co on Thursday, October 19 with “Buy”. The firm earned “Hold” rating on Wednesday, September 20 by Wells Fargo. The rating was maintained by Cowen & Co with “Buy” on Wednesday, August 30. Stifel Nicolaus maintained the shares of ADBE in report on Thursday, October 19 with “Buy” rating. The stock has “Perform” rating by Oppenheimer on Wednesday, September 2.

Since December 13, 2017, it had 1 buying transaction, and 16 sales for $87.08 million activity. THOMPSON MATTHEW also sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, January 26. $5.81 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Morris Donna on Wednesday, January 24. WARNOCK JOHN E had sold 14,000 shares worth $3.03M. 18,079 shares were sold by DILLON MICHAEL A, worth $3.51M on Monday, February 5. LAMKIN BRYAN sold $5.97 million worth of stock or 30,000 shares. GESCHKE CHARLES M sold 21,276 shares worth $3.97 million.

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