Accenture stock: buy or sell?

ACN stock price: $204.36 -3.55% At close on February 24th, 2020

Updated on:
February 24th, 2020

4

After several days of continuous rises in past weeks, Accenture plummed -3.55% to $204.36. With Monday it's been 3 red days in a row.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Accenture stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Accenture stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for ACN stock for the last 30 days.

Accenture stock analysis

Daily outlook

After marking all time highs on Wednesday, Accenture plummed -3.55% today to $204.36.

After reaching all time highs on Wednesday, Accenture plummed -3.55% to $204.36. Since SMA50d and SMA100d crossed up on December, ACN price slid a -0.73%. On Wednesday, ACN hit new all time highs, pushing higher previous ATH of $214.46 recorded on February/5. New ATHs are usual entry points for many trading setups as there aren't higher resistences. Since price and SMA100d lines crossed up on November, ACN climbed $15.03 (7.94%).

ACN stock chart (daily)

Weekly outlook

Accenture ended this week at $204.36 and fell a terrifying -3.55%.

Accenture stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Accenture marked last week. Since SMA20d and SMA40w crossed up early May, ACN price climbed $28.82 per share (16.42%). Since mid November 2019 when ACN stock price broke up the SMA20w line, it gained $15.39 (8.14%).

ACN stock chart (weekly)

Accenture stock price history

Accenture stock went public on July 19th, 2001 with a price of $11.351. Since then, ACN stock grew a 1,700.50%, with a yearly average of 94.50%. If you had invested right after ACN's IPO a $1,000 in Accenture stock in 2001, it would worth $17,005.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Accenture stock historical price chart

ACN stock reached all-time highs on Wednesday with a price of $216.39.

Accenture stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not detected any price target for Accenture stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Accenture reported its latest financial data, posting a beatiful growth for the Earnings per Share (EPS). Experts were expecting $1.57 per share, but Accenture posted $1.73.
ACN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.66n/a
2017-Q3-n/a1.47n/a
2017-Q42018-03-221.491.586.0%
2018-Q12018-03-221.51.585.3%
2018-Q22018-06-281.711.794.7%
2018-Q32018-09-271.551.581.9%
2018-Q42018-12-201.841.966.5%
2019-Q12019-03-281.571.7310.2%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a super good gain of 13.16% to $41,603.40 million USD. Nevertheless, its income margin (compared to revenues) remained stable to 9.76%, that is $4,059.91 million.

To have an up to date view of the financial situation of Accenture, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Accenture TTM sales up to February 2019 were $42,540.70 and income was $4,471.71 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Accenture business evolution since August 2018: Annual sales up to February, compared to lastest yearly report, raised a slightly fine 2.25%. Regarding profit margin, Accenture stayed stable 0.75% to 9.76%

ACN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$30,390 M-$3,280 M10.8%-
2014$31,870 M4.87%$2,940 M9.2%-10.37%
2015$32,914 M3.28%$3,054 M9.3%3.86%
2016$34,798 M5.72%$4,112 M11.8%34.66%
2017$36,766 M5.65%$3,445 M9.4%-16.21%
2018$41,603 M13.16%$4,060 M9.8%17.84%
TTM $42,541 M2.25%$4,472 M10.5%10.14%

Quarterly financial results

Accenture reported $10,454.10 million in revenues for 2019-Q1, a -1.43% less compared to previous quarter. Reported quarter income marked $1,124.45 M 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 decent increase and inched a 3.84%. Looking back to recent quarterly results, Accenture posted 3 negative quarters in a row.
ACN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$9,360 M-$669 M7.2%-
2017-Q3$9,640 M2.99%$932 M9.7%39.28%
2017-Q4$10,055 M4.30%$1,124 M11.2%20.51%
2018-Q1$10,068 M0.13%$864 M8.6%-23.13%
2018-Q2$10,839 M7.66%$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 ownership

When you are planning to invest in shares of a stock, it's worth to review its ownership structure.

Accenture shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.19% of all shares.

In case of Accenture stock, 75.30% 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.

For a better understanding, the next table shows ownership data compared to other related companies:

ACN
Market cap$129.8 B
Total shares635.0 M
Float shares633.8 M
  - Institutional holdings (%)75.3%
  - Insider holdings (%)0.2%
Shares in short selling0.0%

Accenture summary

Monday, February 24th, 2020
Open$204.47
Close$204.36
Day range$203.45 - $207.87
Previous close$211.89
Session gain-3.55%
Average true range$3.57
50d mov avg$208.90
100d mov avg$199.59
200d mov avg$193.45
Daily patternlt06c
Weekly pattern lt06a

Accenture performance

To measure stock performance is always good to compare with competitors or related stocks. We chose as the bechmarking frame for Accenture stock.
Stock3m6m12m
ACNAccenture1.98%3.97%26.52%

Accenture competitors

Unfortunately, we could not find any public company that could be defined as Accenture competitor. This doesn't mean Accenture does not have any competitor in the market, it's just we could not detected it.

    Latest Accenture stock news