Virtus Investment Partners, Inc. (VRTS) Is At $123.80 Formed Wedge; 15 Analysts Are Bullish Accenture plc (ACN) Last Week

March 31, 2018 - By Jerrie Dane

Accenture plc (NYSE:ACN) Logo

Virtus Investment Partners, Inc. (VRTS) formed wedge up with $132.47 target or 7.00% above today’s $123.80 share price. Virtus Investment Partners, Inc. (VRTS) has $887.81 million valuation. The stock increased 0.36% or $0.45 during the last trading session, reaching $123.8. About 68,807 shares traded or 15.79% up from the average. Virtus Investment Partners, Inc. (NASDAQ:VRTS) has risen 21.28% since March 31, 2017 and is uptrending. It has outperformed by 9.73% the S&P500.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 95 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Monday, November 20. The company was maintained on Monday, March 27 by Deutsche Bank. The firm earned “Buy” rating on Monday, February 5 by Morgan Stanley. The stock of Accenture plc (NYSE:ACN) has “Neutral” rating given on Wednesday, September 28 by Citigroup. The rating was maintained by Cowen & Co on Thursday, January 11 with “Buy”. BMO Capital Markets maintained Accenture plc (NYSE:ACN) on Friday, September 29 with “Market Perform” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, September 28. Cowen & Co maintained Accenture plc (NYSE:ACN) rating on Tuesday, May 31. Cowen & Co has “Outperform” rating and $130 target. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Thursday, June 15 by Cantor Fitzgerald. See Accenture plc (NYSE:ACN) latest ratings:

23/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $152 New Target: $154 Maintain
22/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $158.0000 Maintain
20/03/2018 Broker: Susquehanna Rating: Hold New Target: $165.0 Maintain
20/03/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $162 New Target: $165 Maintain
20/03/2018 Broker: Wedbush Old Rating: Outperform New Rating: Outperform Old Target: $165 New Target: $180 Maintain
19/03/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $172 New Target: $181 Maintain
05/02/2018 Broker: Morgan Stanley Rating: Buy New Target: $180.0 Upgrade
11/01/2018 Broker: Cowen & Co Rating: Buy New Target: $175.0 Maintain
02/01/2018 Broker: Credit Suisse Rating: Hold New Target: $165.0 Maintain
27/12/2017 Broker: Robert W. Baird Rating: Hold New Target: $162.0 Maintain

Among 9 analysts covering Virtus Investment Partners (NASDAQ:VRTS), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Virtus Investment Partners has $173.0 highest and $74 lowest target. $141’s average target is 13.89% above currents $123.8 stock price. Virtus Investment Partners had 36 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Outperform” on Monday, July 31. Jefferies maintained it with “Hold” rating and $11000 target in Wednesday, June 14 report. The rating was maintained by Sandler O’Neill on Monday, February 5 with “Hold”. The stock has “Hold” rating by Sandler O’Neill on Wednesday, January 10. The firm has “Market Perform” rating by Raymond James given on Tuesday, August 4. The stock has “Hold” rating by Jefferies on Wednesday, January 10. The stock has “Equal-Weight” rating by Barclays Capital on Monday, October 30. The rating was maintained by Sandler O’Neill on Monday, February 12 with “Hold”. The company was maintained on Tuesday, November 14 by Jefferies. As per Monday, February 5, the company rating was maintained by Barclays Capital.

Investors sentiment decreased to 1.22 in 2017 Q4. Its down 0.14, from 1.36 in 2017Q3. It dived, as 12 investors sold Virtus Investment Partners, Inc. shares while 33 reduced holdings. 13 funds opened positions while 42 raised stakes. 6.54 million shares or 1.56% less from 6.65 million shares in 2017Q3 were reported. Louisiana State Employees Retirement System holds 3,100 shares. Legal & General Gru Public Limited Com reported 12,893 shares or 0% of all its holdings. Parametric Assoc Limited Liability Company has 0% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS). 5 are held by Bartlett & Company Limited Liability Corp. D E Shaw holds 0% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS) for 5,794 shares. Wcm Invest Mngmt Ca owns 55,076 shares. Vulcan Value Partners Limited Liability Company has invested 0.25% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Tower Rech Capital Ltd Llc (Trc), a New York-based fund reported 100 shares. Public Sector Pension Investment Board owns 4,547 shares. Pnc Financial Gru Inc invested in 164 shares or 0% of the stock. 49,344 are owned by Mangrove. Alliancebernstein Lp stated it has 9,723 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa reported 0% in Virtus Investment Partners, Inc. (NASDAQ:VRTS). 2,313 are held by Metropolitan Life Company New York. Voya Inv Management Ltd holds 2,871 shares.

Analysts await Virtus Investment Partners, Inc. (NASDAQ:VRTS) to report earnings on April, 27. They expect $2.40 earnings per share, up 106.90% or $1.24 from last year’s $1.16 per share. VRTS’s profit will be $17.21 million for 12.90 P/E if the $2.40 EPS becomes a reality. After $2.60 actual earnings per share reported by Virtus Investment Partners, Inc. for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

The stock increased 4.13% or $6.09 during the last trading session, reaching $153.5. About 3.60M shares traded or 43.96% up from the average. Accenture plc (NYSE:ACN) has risen 24.68% since March 31, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.07, from 1 in 2017Q3. It is negative, as 46 investors sold Accenture plc 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. Court Place Advsrs Ltd Liability Co invested in 3,013 shares. Vanguard Gru reported 49.79 million shares or 0.33% of all its holdings. Asset Advisors reported 2.78% stake. Community Fincl Bank Na holds 335 shares. Foster & Motley owns 39,904 shares or 0.98% of their US portfolio. Jones Fincl Cos Lllp invested 0% of its portfolio in Accenture plc (NYSE:ACN). 64,062 are held by Azimuth Cap Ltd Liability Corp. Washington Trust reported 0.98% of its portfolio in Accenture plc (NYSE:ACN). Polar Capital Llp stated it has 354,045 shares or 0.56% of all its holdings. Adage Cap Group Incorporated Ltd Llc has 0.3% invested in Accenture plc (NYSE:ACN) for 877,900 shares. Keybank Natl Association Oh holds 0.55% or 628,879 shares in its portfolio. Farr Miller Washington Limited Liability Corporation Dc holds 3.76% in Accenture plc (NYSE:ACN) or 275,373 shares. Oppenheimer & Incorporated holds 0.26% or 65,512 shares. Cadence Cap Limited Liability Corporation accumulated 14,121 shares. Profund Advsr Ltd Com holds 21,224 shares or 0.13% of its portfolio.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $98.71 billion. The Company’s Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions; and serves clients in communications, electronics, high technology, media, and entertainment industries. It has a 27.21 P/E ratio. The companyÂ’s Financial Services segment offers services that help clients enhance cost efficiency, grow their customer base, manage risk, and transform their operations; and serves clients in banking, capital markets, and insurance industries.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) Institutional Positions Chart