What Will The Effects of a Raymond James Downgrade Be For Towers Watson (NASDAQ:TW) Shares?


Towers Watson (NASDAQ:TW) Receives a Downgrade

The old rating for Towers Watson (NASDAQ:TW) shares of a “Outperform” has been discontinued, as research professionals at Raymond James downgraded the current rating for Towers Watson (NASDAQ:TW) shares to a “Mkt Perform”.

From a total of 11 analysts covering Towers Watson (NASDAQ:TW) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $157 while the lowest target price is $135. The mean of all analyst targets is $145.09 with a 4.13% above today’s ($132.53) stock price. Towers Watson was the topic of 4 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on August 13 with “Buy” rating.

Approximately 79,363 shares of stock traded hands. Towers Watson & Co (NASDAQ:TW) has risen 2.56% since May 4, 2015 and is uptrending. It has outperformed by 3.64% the S&P500.

The overall sentiment of institutions has decreased to 0.98 in Q2 2015. Its down 0.08, from 1.06 in 2015Q2. The ratio turned negative, as 61 institutions have sold all the shares of Towers Watson & Co that they owned while 109 funds have taken shares off the table. 49 funds have purchased shares for the first time while 117 added to their positions. These institutions now hold 50.83 million shares or 10.58% less than the 56.85 million shares they owned in 2015Q2.

The Fund Rocky Mountain Advisers Llc currently is holding shares equating to 13.06% of its total portfolio in Towers Watson & Co representing a total of 18,972 shares. Another fund,Marble Arch Investments Lp, is holding a total of 1.15 million shares equating to 10.41% of their holdings. Additionally, Naya Management Llp has a 1.38 million share stake in Towers Watson & Co which represents 8.79% of their total portfolio. The Fund, Lateef Investment Management L.P., based out of California, has also built up a stake in the stock, which represents a total of 5.75% of their total portfolio. Finally Crystal Rock Capital Management, a fund which is based in the state of Illinois reported a total holdings of 55,940 shares.

Towers Watson & Co. is a global professional services company. The company has a market cap of $9.32 billion. The Firm offers consulting, technology and solutions in the areas of benefits, talent management, rewards and risk and capital management. It has 21.66 P/E ratio. The Firm provides clients with services across four business divisions: Benefits, Risk and Financial Services, Talent and Rewards and Exchange Solutions.

According to Zacks Investment Research, “Towers Watson & Co. is a global professional services company that helps organizations improve performance through effective people, risk and financial management. It offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. The Company’s benefits solutions cover health and group benefits, mergers and acquisitions, retirement, and technology and administration. Its risk and financial services solutions include financial modeling software, investment, reinsurance, insurance consulting, mergers and acquisitions, and risk management. Its talent and rewards solutions cover communication and change, employee surveys, HR function effectiveness, rewards, talent management, data services, executive compensation, mergers and acquisitions, and sales effectiveness and compensation. Towers Watson & Co. was formerly known as Watson Wyatt Worldwide, Inc. and is headquartered in New York.” Get a free copy of the Zacks research report on Towers Watson & Co (TW).