Accenture plc (ACN) announced yesterday that it has finalized the acquisition of the Brazilian creative agency SOKO, a move that was initially disclosed on May 2. The financial terms of the deal have been kept under wraps.Founded in 2015 and headquartered in São Paulo, SOKO is renowned for its expertise in brand storytelling that engages audiences organically. The agency integrates creativity, data, and a deep understanding of culture to develop compelling brand stories. SOKO will now become part of Droga5 ...

HJBC The market as a whole is enjoying a bull market move, as the S&P 500 Index has a total return of more than 25% over the last year, there remain many names that have underperformed. One such name is professional services company Accenture plc (NYSE:ACN), which is down almost 18% year-to-date. Recent quarterly results left the market wanting, but there is still much to like about the stock long-term, including its past track record, generative AI business, and valuation. This article will take a deeper d ...

Thomas Barwick/DigitalVision via Getty Images Investment Thesis Accenture plc (NYSE:ACN) specializes in consulting services. And its stock is priced at 20x forward free cash flow. A multiple that is expensive for what Accenture offers investors. And to compound matters, the problem with paying this sort of high multiple for its stock, is that investors expect (or they demand?) that Accenture not only meets and beats its guidance but that Accenture should raise its revenue growth rates. What investors tr ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Accenture (ACN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Accenture currently has an average brokera ...

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Accenture presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.Start slideshow: 10 Oversold Dividend Stocks ...

In the latest market close, Accenture (ACN) reached $297.73, with a -1.08% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.59%.Coming into today, shares of the consulting company had lost 0.72% in the past month. In that same time, the Business Services sector gained 1.62%, while the S&P 500 gained 4.19%.Market participants will be closely following the financial results of ...

Jonathan Kitchen Written by Sam Kovacs Introduction In January 2023 I dubbed ChatGPT as "turning point in the AI revolution". I said: The needs of AI are going to require so much more computer processing and data than we can imagine. The growth is truly going to be exponential and secular. There seems to be no way around this: Deploying large scale natural language processing AIs, is going to be the backbone of a new evolution of the web, which will produce an infinity more content than Web 2 ever did. ...

In May, the stock market has traded mainly in the green zone, with technology equities taking center stage once again. While big names are making headlines, other smaller stocks also have the potential to rally, driven by critical fundamentals that are likely to attract investor interest.Finbold has identified two equities that are likely to see an uptick in capital inflow and potentially hit the $200 billion mark in market capitalization by the end of June 2024. Alibaba Alibaba (NYSE: BABA), the Chinese e- ...

Company Performance - Accenture (ACN) closed at $307.11, reflecting a +1.14% change from the previous day, outperforming the S&P 500's loss of 0.27% [1] - Over the past month, Accenture's shares have decreased by 4.16%, underperforming the Business Services sector's gain of 5.11% and the S&P 500's gain of 7.34% [1] - The upcoming earnings report is expected to show an EPS of $3.14, indicating a 1.57% decline from the same quarter last year, with projected quarterly revenue of $16.57 billion, a slight increase of 0.01% year-over-year [1] Earnings Estimates - For the full year, earnings are projected at $12.09 per share and revenue at $65.31 billion, representing increases of +3.6% and +1.87% from the previous year [2] - Recent changes to analyst estimates for Accenture reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's profitability [2] Valuation Metrics - Accenture currently has a Forward P/E ratio of 25.11, which is higher than the industry's average Forward P/E of 23.36 [3] - The company has a PEG ratio of 3.3, compared to the average PEG ratio of 1.42 for the Consulting Services industry, indicating a premium valuation relative to expected earnings growth [3] Industry Context - The Consulting Services industry is part of the Business Services sector, holding a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Accenture plc (ACN) shares have gained 5% in the past year compared with the 12% rally of the industry it belongs to.The company’s subsidiary Accenture Federal Services announced yesterday that it has completed the acquisition of Virginia-based digital transformation and cloud modernization solutions provider Cognosante. The financial terms of the deal have been kept under wraps.Founded in 2008, Cognosante employs a team of 1,500 professionals and specializes in providing technology solutions to federal gov ...