How to Buy Accenture Stock
Accenture PLC
Accenture is a information technology service company located in Ireland, which is part of the Technology sector, and is traded under the ticker ACN on the NYSE exchange.
Accenture stock last closed at $313.54, down 1.04% from the previous day, and has increased 13.09% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.01 percentage points. Accenture stock is currently +19.82% from its 52-week low of $261.68, and -19.09% from its 52-week high of $387.51.
As of Apr 24, 2024, there are 670.74M shares of ACN outstanding. The market cap of ACN is $210.30B. In the past 24 hours, 4.13M ACN shares were traded.
How to Buy Accenture Stock
Wondering how to invest in Accenture stock? Here's how.
- Figure out where to buy Accenture stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Accenture stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your details.
- Research Accenture stock: The Accenture ticker symbol is ACN. Is Accenture stock a good investment? Should you buy shares of ACN? How do ACN's underlying business fundamentals look? Do top analysts think Accenture is a good buy? Why has ACN's stock price moved recently? (Hint: Our stock research website can help you decide if ACN is a good stock to buy).
- Make your ACN buy order: Decide if you will purchase ACN shares at the current market price or use a limit order to purchase ACN shares at a given price.
- Get key alerts regarding your ACN position: Create a watchlist to get the latest news on your new investment in Accenture shares.
Step 1: Figure out where to buy Accenture stock
You need a brokerage account to access the NYSE market and buy ACN shares.
Our recommended brokerage: eToro
We believe that eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to world markets: From Technology to Industrials, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal info so you are able to invest in ACN today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new brokerage account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on the best stock app to use, you need to deposit funds:
Watch the walkthrough below if you need help transferring money into your new brokerage account.
Step 4: Research Accenture stock
Once you have identified the best place to buy Accenture stock, it's very important to research their stock before you invest, so you can wrap your head around the risk as well as the opportunity.
Accenture Numbers
ACN Zen Score
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on ACN's stock page.
Is ACN stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ACN's true value.
Using relative valuations measures:
- ACN could be overvalued based on its P/E ratio of 28.09x, relative to Information Technology Services industry P/E ratio of 23.84x
- ACN may be overvalued based on its P/B ratio of 7.75x, relative to Information Technology Services industry P/B ratio of 4.61x
- ACN may be overvalued based on its PEG ratio of 2.01x
You can access more valuation analysis on ACN's stock here.
A quick look at ACN Financials
Positive Health Checks:
- Total ACN debt is lower than 5 years ago, relative to shareholder equity.
- ACN's operating cash flow of $9.30B allows it to safely service it's debt of $3.16B.
- ACN earnings of $9.21B is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ACN balance sheet.
- There are more short-term assets than short-term liabilities on the ACN balance sheet.
Negative Health Checks:
- ACN has a relatively high debt to equity ratio of 0.86.
- ACN profit margin has gone down from 11% to 10.9% in the past year.
Is it a good time to buy ACN stock, according to analysts?
Out of 15 Equities analysts who give recommendations on ACN, the consensus analyst rating on Accenture is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest ACN Analyst Forecasts
Dan Dolev, a bottom 1% analyst from Mizuho reiterates ACN with a strong buy rating and lowers their ACN price target from $426.00 to $398.00, on Mar 22, 2024.
Mizuho's Dan Dolev lowered their price target on Accenture (NYSE: ACN) by 6.6% from $426 to $398 on 2024/03/22. The analyst reiterated their Strong Buy rating on the stock.
Given management's guide down on both the top and bottom lines, commentary about macro uncertainty, and clients further limiting and delaying discretionary spending, the stock's 9% post-earnings dip was barely a surprise, the analyst said after seeing Accenture's Q2 2024 earnings.
However, management has "sufficient visibility" to ramp up growth to 6% in Q4 in the absence of any unexpected macro events, Dolev concluded.
Earnings Report
For Q2 2024, Accenture reported:
- EPS of $2.77, which beat the Zacks Consensus Estimate of $2.66 and, by 3%, Q2 2023’s $2.69.
- Revenue of $15.8B, which was in line with the Zacks Consensus Estimate and Q2 2023.
Management guided:
For Q3 2024:
- Revenue of $16.25B to $16.85B.
For FY 2024:
- EPS of $11.97 to $12.20 (previously $11.97 to $12.32).
- Revenue growth of 1% to 3% (previously 2% to 5%).
Chair & CEO Julie Sweet commented: “In an uncertain macro environment, we remain the trusted partner to our clients for reinvention with a record 39 clients with quarterly bookings of over $100M.
“We also extended our early lead in generative AI with $1.1B in new bookings in the first half of the year. And we are investing to serve the needs of our clients and expand our growth opportunities with $2.9B of capital deployed in the first half in strategic acquisitions.
“Thank you to our more than 740,000 people around the world for your dedication to delivering value for our clients.”
Arvind Ramnani, a bottom 1% analyst from Piper Sandler maintains ACN with a hold rating and lowers their ACN price target from $394.00 to $379.00, on Mar 21, 2024.
Alex Haissl, a top 42% analyst from Redburn Atlantic maintains ACN with a strong buy rating and raises their ACN price target from $410.00 to $445.00, on Mar 19, 2024.
Jonathan Lee, a bottom 23% analyst from Guggenheim initiates coverage on ACN with a strong buy rating and announces their ACN price target of $425.00, on Mar 19, 2024.
David Grossman, a top 13% analyst from Stifel Nicolaus maintains ACN with a strong buy rating and raises their ACN price target from $363.00 to $395.00, on Mar 18, 2024.
You can dive deeper into what analysts are projecting on the Accenture stock forecast page.
ACN Momentum
ACN Performance Metrics
Last year, ACN earnings were $7.03B. Over the last five year, ACN's earnings have gone up by 9.78% per year. This was faster than the Information Technology Services industry average of 8.08%.
Last year, ACN revenue was $64.57B. During the past 5 year, ACN's revenue has increased by 8.85% per year. This was faster than the Information Technology Services industry average of 7.63%.
Learn more about ACN's earnings and revenue performance here.
Are ACN insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at ACN have sold more shares than they have bought.
Joel Unruch, General CounselCorp Secretary of ACN, was the latest ACN insider to sell. They sold $3,814.32 worth of ACN shares on Apr 19, 2024.
Get more info about who owns ACN stock here.
Does ACN provide a stable income stream?
Accenture pays a dividend of 1.59%, compared to the Information Technology Services industry's average dividend yield of 2.58%. If you owned $1,000 worth of ACN stock, you would have been paid $15.92 in the past year.
Accenture dividend payments have consistently grown over the past decade but have not remained stable.
Find more info about Accenture dividend yield and history here.
ACN Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your ACN buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, use a limit order.
Press the Open Trade button and eToro will place your order.
If you want more help buying stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your ACN position
Now that you own some shares in ACN, you'll want to keep up with your new stock purchase.
Make a watchlist to track the most important metrics related to your ACN stock.
ACN Feed
How to Buy Stock in Accenture
To reiterate, here are the 6 steps for buying Accenture stock:
- Figure out where to buy Accenture stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Accenture stock
- Make your ACN buy order
- Get key alerts regarding your ACN position
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Accenture, hit the button below to create your watchlist.
More "How To" Guides You Might Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.