Accenture stock: buy or sell?
February 24th, 2020
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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%).
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%).
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 targetPredicting 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 ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%
|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 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.
|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 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:
|Market cap||$129.8 B|
|Total shares||635.0 M|
|Float shares||633.8 M|
|- Institutional holdings (%)||75.3%|
|- Insider holdings (%)||0.2%|
|Shares in short selling||0.0%|
|Monday, February 24th, 2020|
|Day range||$203.45 - $207.87|
|Average true range||$3.57|
|50d mov avg||$208.90|
|100d mov avg||$199.59|
|200d mov avg||$193.45|
Accenture performanceTo measure stock performance is always good to compare with competitors or related stocks. We chose as the bechmarking frame for Accenture stock.
Accenture competitorsUnfortunately, 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
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