Accenture stock: buy or sell?
July 16th, 2019
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
Should I buy Accenture stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
These 2 buy setups work for Accenture stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Accenture stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 15 ratings published for ACN stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-28||Credit Suisse Group||n/a||Hold|
|2019-6-28||BMO Capital Markets||Market Perform||Positive|
|2019-6-20||Bank of America||n/a||Neutral|
|2019-6-13||Wells Fargo & Co||Outperform||In-Line|
|2019-5-3||Bank of America||Buy||Neutral|
|2019-3-29||Robert W. Baird||n/a||Neutral|
|2019-3-29||Robert W. Baird||Neutral||Neutral|
Accenture stock analysis
After climbing to all-time highs several times in past weeks, Accenture depreciated -0.53% to $194.28.
Accenture depreciated -0.53% to $194.28 after yesterday all time highs. On May, SMA100d and SMA200d crossed up triggering a rise of 13.60%. Yesterday, ACN hit new all time highs, pushing higher previous ATH of $196.23 recorded on Friday. New ATHs are usual entry points for many trading setups as there aren't higher resistences. On June/4 ACN price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Accenture shares topped new all time highs back again this week, setting highs to $196.36. Shares closed at $194.28 and slightly fell -0.98% during the week.
ACN shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late June, ACN climbed unceasignly breaking out to new all time highs. Since SMA20d and SMA40w crossed up early May, ACN price climbed $17.30 per share (9.78%). Since mid February when ACN stock price broke up the SMA40w line, it gained $39.97 (25.90%).
Accenture stock price history
Accenture IPO was on July 19th, 2001 at $11.44 per share1. Since then, ACN stock grew a 1,598.30%, with an average of 94.00% per year. If you had invested right after ACN's IPO a $1,000 in Accenture stock in 2001, it would worth $15,983.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Accenture stock historical price chart
ACN stock reached all-time highs yesterday with a price of $196.36.
Accenture stock price target is $191.50Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 13 price targets for ACN stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-28||UBS Group||Set Price Target||n/a||$190.00||-|
|2019-6-28||Credit Suisse Group||Set Price Target||n/a||$180.00||-|
|2019-6-28||BMO Capital Markets||Raises Target||$185.00||$195.00||5.4%|
|2019-6-20||Bank of America||Raises Target||$182.00||$186.00||2.2%|
|2019-6-13||Wells Fargo & Co||Reiterates||$193.00||$200.00||3.6%|
|2019-6-10||Deutsche Bank||Raises Target||$180.00||$190.00||5.6%|
|2019-3-29||SunTrust Banks||Raises Target||n/a||$180.00||-|
|2019-3-29||Robert W. Baird||Reiterates||n/a||$182.00||-|
|2019-3-29||Robert W. Baird||Raises Target||$174.00||$182.00||4.6%|
|2019-3-29||Morgan Stanley||Raises Target||$178.00||$184.00||3.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAccenture presented beatiful results for 2019-Q1 on March. Accenture rose Earnings per Share (EPS) by 10.20%, beating analysts of $1.57. Accenture posted $1.73.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Accenture annual sales skyrocketed an exceptional 13.16% to $41,603.40 million USD from $36,765.50 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) stayed stable a 0.39% to 9.76%. Accenture fiscal year ends in August, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Accenture TTM sales up to February 2019 were $42,540.70 and income $4,471.71 M USD. If we compare this TTM figures with the last reported annuality, we can review Accenture business evolution since August 2018: Annual turnover up to February, compared to lastest yearly report, grew a tiny 2.25%. Nevertheless, profit margin (net income/revenues) remained steady at 9.76%.
|2013||$30,390 M||-||$3,280 M10.8%||-|
|2014||$31,870 M||4.87%||$2,940 M9.2%||-10.37%|
|2015||$32,914 M||3.28%||$3,054 M9.3%||3.86%|
|2016||$34,798 M||5.72%||$4,112 M11.8%||34.66%|
|2017||$36,766 M||5.65%||$3,445 M9.4%||-16.21%|
|2018||$41,603 M||13.16%||$4,060 M9.8%||17.84%|
|TTM||$42,541 M||2.25%||$4,472 M10.5%||10.14%|
Quarterly financial resultsAccenture posted $10,454.10 M in sales for 2019-Q1, a -1.43% less compared to previous quarter. Reported quarter earnings marked $1,124.45 million with a profit margin of 10.76%. Profit margin declined a -1.26% compared to previous quarter when profit margin was 12.02%. When comparing sales to same quarter last year, Accenture sales marked a fine gain and stepped up a 3.84%. Looking back to recent quarterly results, Accenture posted 3 negative quarters in a row.
|2017-Q2||$9,360 M||-||$669 M7.2%||-|
|2017-Q3||$9,640 M||2.99%||$932 M9.7%||39.28%|
|2017-Q4||$10,055 M||4.30%||$1,124 M11.2%||20.51%|
|2018-Q1||$10,068 M||0.13%||$864 M8.6%||-23.13%|
|2018-Q2||$10,839 M||7.66%||$1,043 M9.6%||20.76%|
|2018-Q3||$10,642 M||-1.81%||$1,030 M9.7%||-1.29%|
|2018-Q4||$10,606 M||-0.34%||$1,275 M12.0%||23.82%|
|2019-Q1||$10,454 M||-1.43%||$1,124 M10.8%||-11.79%|
Accenture ownershipWhen you are planning to invest in a stock, it's worth to check its ownership structure.
Accenture shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.23% of all shares.
In case of Accenture stock, 72.46% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ACN stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Accenture:
|Market cap||$119.8 B||$37.5 B||$15.2 B||$0.0 M||$7.4 B|
|Total shares||616.7 M||569.3 M||266.4 M||0.0 M||190.4 M|
|Float shares||635.9 M||567.4 M||267.5 M||2,800.0 M||149.8 M|
|- Institutional holdings (%)||72.5%||92.7%||88.3%||221.9%||62.2%|
|- Insider holdings (%)||0.2%||0.2%||0.4%||0.0%||0.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, July 16th, 2019|
|Day range||$193.40 - $195.58|
|Average true range||$2.54|
|50d mov avg||$182.68|
|100d mov avg||$176.69|
|200d mov avg||$165.62|
Accenture performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Accenture performance to Cognizant Technology Solutions, DXC Technology, , Genpact, International Business Machines, Infosys, Nokia, and Wipro:
Accenture competitorsOne check before trading any stock is to review a list of its competitors, in this case for Accenture. We chose 9 companies as Accenture competitors as they are in the same industry or have similar market objectives.
- Cognizant Technology Solutions (CTSH)
- DXC Technology (DXC)
- Genpact (G)
- International Business Machines (IBM)
- Infosys (INFY)
- Nokia (NOK)
- Wipro (WIT)
Latest Accenture stock news
- Seeking AlphaAccenture: The New CEO Is Starting Out With A Pretty 'Sweet' HandJuly 16, 2019
- Seeking AlphaAccenture: In A League Of Its OwnApril 23, 2019
- Seeking AlphaAccenture Ascends: Buying This BreakoutApril 4, 2019
- InvestorPlaceAd Agency Deals: Accenture Interactive Buying Droga5April 3, 2019
- InvestorPlaceAccenture Earnings: ACN Stock Shoots Higher on Q2 BeatMarch 28, 2019