Matrix Asset Advisors Inc. NY Has $6.54 Million Position in Accenture PLC $ACN

Matrix Asset Advisors Inc. NY increased its position in shares of Accenture PLC (NYSE:ACN) by 67.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,007 shares of the information technology services provider’s stock after acquiring an additional 13,328 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Accenture were worth $6,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ACN. Triumph Capital Management bought a new position in shares of Accenture in the 3rd quarter valued at $26,000. Board of the Pension Protection Fund bought a new stake in shares of Accenture during the 4th quarter worth $27,000. Laurel Wealth Advisors LLC acquired a new stake in Accenture in the fourth quarter valued at about $27,000. McMillan Office Inc. bought a new position in Accenture in the fourth quarter valued at about $27,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in Accenture in the fourth quarter valued at about $27,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Guggenheim dropped their target price on shares of Accenture from $225.00 to $185.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Mizuho lowered their price objective on shares of Accenture from $280.00 to $226.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Evercore set a $180.00 price objective on shares of Accenture in a research note on Thursday, June 18th. Dbs Bank lowered shares of Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Argus decreased their target price on shares of Accenture from $335.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $195.00.

Key Accenture News

Here are the key news stories impacting Accenture this week:

• Negative Sentiment: BNP Paribas Exane cut its price target on Accenture from $180 to $130 and kept a neutral rating, citing execution and growth risks. MarketScreener
• Negative Sentiment: DBS Bank downgraded Accenture to hold, and other coverage pointed to weaker-than-expected FY2026 guidance, adding pressure to near-term sentiment. Zacks
• Negative Sentiment: Law firms Bragar Eagel & Squire and Kirby McInerney announced investigations into possible securities issues involving Accenture, which can create headline risk for the stock. GlobeNewswire
• Neutral Sentiment: Some commentary argued the market may be too quick to label Accenture an “AI loser,” suggesting its AI and growth narrative may still have upside if execution improves. TipRanks
• Neutral Sentiment: Several articles noted Accenture is drawing heavier trading and investor attention, reflecting debate about whether the stock can recover after a steep year-to-date decline. Yahoo Finance

Accenture Stock Performance

NYSE:ACN opened at $128.94 on Monday. The stock has a market cap of $86.11 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average is $170.63 and its 200-day moving average is $213.13. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $307.77.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same quarter last year, the business earned $3.49 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities research analysts anticipate that Accenture PLC will post 13.84 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Thursday, July 9th. Accenture’s payout ratio is 52.08%.

Accenture announced that its board has approved a share repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by corporate insiders.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.