ACCENTURE

Analysis before buying or selling Accenture shares

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The sales and production sectors are not the only activities that attract investors, companies specialising in the provision of services are also well represented on the shares markets. This is the case with the Accenture Company, although maybe you have not heard of this company, but which is one of the most popular companies in the market. Here we will assist you in understanding how to complete a full analysis of this asset price with useful information and a historical share price analysis.

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ISIN code: IE00B4BNMY34

Ticker: NYSE: ACN

Index or market: NYSE

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Elements to consider before selling or buying Accenture shares

Analysis N°1

Firstly it is of course recommended to follow all the news and events related to technology and IT, sectors that Accenture heavily relies upon.

Analysis N°2

The current economic crisis that is affecting a number of countries represents a gold mine for Accenture as because of the economical recession companies increasingly seek to rationalise their operations and reduce costs. As specialists in outsourcing, Accenture should continue to benefit from this economical situation.

Analysis N°3

We would of course carefully monitor the global strategy of Accenture and its establishment in new countries that will surely generate additional income.

Analysis N°4

You should also closely follow the penetration strategy of the mid range companies in which the group is still trying to position itself, with difficulty, due to its Premium image.

Analysis N°5

Generally speaking we would recommend you monitor movements in the market shares of this activity sector as well as bulletins, publications, news and events of this group’s larger competitors.

Analysis N°6

Finally, you should also monitor any possible threats to the profitability of this group such as movements in the online databases that could slowdown the growth possibilities of Accenture or even cause it to lose part of its revenue.

Analysis before buying or selling Accenture shares

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General presentation of Accenture

One of the essential bases for any investor who wishes to carry out good analysis of a share in the stock market is knowledge of the issuing company. To help you understand how to make a good analysis of Accenture's share price, we are going to give you a more detailed look at who the company is and what its main activities and sources of income are in this comprehensive presentation:

Accenture Plc is an Irish company specialising in services. More specifically, the company specialises in management consulting, technology services and outsourcing services.

In order to better understand Accenture's activities, they can be divided into different divisions according to the share of turnover they generate and in this way:

Firstly, consulting services represent the majority of the Accenture group's revenue, accounting for more than 54.7% of its turnover.
Next come outsourcing services, which come in second place and generate 45.3% of its turnover.

It is also possible to classify the activities of the Accenture group by sector of activity and still according to the share of turnover generated and in this way:

The automotive, retail, travel and transport sector with 27.7% of turnover.
The communication, media and high technology sector with 20%.
Financial services with 19.2% of turnover.
Health and public services with 18.1% of turnover.
Chemicals and energy with 14.9% of turnover.
The remaining 0.1% comes from other sectors.

Finally, from a geographical point of view, the Accenture group generates 32.5% of its turnover in Europe, 47.3% in North America and 20.2% in the rest of the world.

Photo credits: Michael Gray

The major competitors of Accenture

We now propose that you learn more about the Accenture Group's business environment by discovering who its main competitors are in the industry.

IBM

First of all, the IBM Group is an American multinational company specialising in computer hardware, software and services. It was formed in 1911 from the merger of the Computing Scale Company and the Tabulating Machine Company. Of course, over time it became one of the largest companies in its industry and the largest market capitalisation in the world in the 1970s and 1980s.

Capgemini

Another serious competitor to Accenture is the Capgemini Group, a French company specialising in digital services. It is currently one of the largest consulting firms in the world and is listed on the French CAC 40 index of the Paris Stock Exchange.

Atos

This other French company was founded in 1997 and operates in the digital services sector. It is one of the 10 largest companies in the world in terms of turnover and employs over 110,000 people in more than 73 different countries. Atos is also the French leader in cloud, cybersecurity and supercomputing and is the global IT partner for the Olympic and Paralympic Games.

CGI Inc

Another major competitor to Accenture is the CGI Group, which is an internationally renowned Canadian company specialising in information technology consulting, systems integration, outsourcing and solutions. Initially focused on a single client, the group has grown rapidly and is now one of the leaders in this sector with its many subsidiaries employing over 77,000 people.

Lockheed Martin

Finally, we will also follow the American company Lockheed Martin which specialises in defence and security and develops products in the field of electronics and technology. The group generates a large part of its revenues in the United States and benefits from important contracts with the American administration. It was created in 1995 by the merger of Lockheed and Martin, which were originally aeronautical groups. The production of fighter aircraft remains a major source of revenue for the group today.

The major partners of Accenture

Michelin

In 2008, Accenture and Atos Origin were selected by the Michelin Group to become its partners for the research and development in the business intelligence sector with these two companies taking the responsibility for the creation, maintenance and development of strategic applications worldwide.

Microsoft

In 2015, it was the Microsoft Group that called on a number of partners including Accenture as well as Dell and HP for the development of its Surface Pro tablet in response to the recent launch of the iPad Pro tablet by its major competitor Apple.

Engie

In 2016, the French group Engie also called on Accenture to complete its digital redesign and transformation. Engie also called on the services of Fjord, the design studio of the group to revamp its customer assistance service.

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The factors in favour of a rise in the Accenture share price:

Firstly, it should be noted that the Accenture Group differentiates itself from its competitors through its specialisation in innovative technological solutions.

We also appreciate the international positioning strategy of this company as the Accenture Group exercises its activities in over 120 countries throughout the world which protects it from geo-economical risks.

Accenture also benefits from a significant position in the consultancy sector. In fact, at present, the group is placed among the most profitable companies in this sector worldwide which makes it even more attractive to investors and analysts.

The mobility management of the Accenture Group employees is also not left to chance and is in fact often highlighted as being one of the strong points of the company. By using the same procedures to approach different subjects and projects the employees can pass from one sector to another without further training or redeployment procedures.

Still relating to the strong points of the Accenture Group we do of course also note the well thought out marketing strategy of this group which invests heavily in the creation and advertising of brands that become well known through various communications channels open to the company.

Finally it is also clear that the Accenture Group can count on its significant workforce with no less than 250,000 employees worldwide.

The factors in favour of a drop in the Accenture share price:

Firstly, the Accenture Group has not yet been able to position itself in the SME sector given the major competition it faces there. It is therefore highly dependent on the large companies that represent the majority of its client list.

The competition worldwide is also very strong for Accenture which must face giants in this activity sector and therefore needs to double its efforts simply to keep its position. This major competition contributes to a lack of growth in this company’s market share.

The information supplied here is only for indicative purposes and should not be used without the completion of a comprehensive and complete fundamental analysis of this asset notably taking into account exterior data, future publications and announcements and all fundamental events and news that could influence the strengths and weaknesses or make them more or less significant. This information does not in any way constitute recommendations relating to the completion of transactions or a solicitation to buy or sell an asset.

Frequently Asked Questions

What are the important dates in the history of the Accenture group?

Several key dates are worth knowing if you wish to trade on the Accenture share price. In particular, we know that the company was founded in 1989 under the name Andersen Consulting following its separation from Arthur Andersen. In 2000, Andersen Consulting became Accenture and the company went public the following year, in 2001. Finally, in 2011, the group begins its massive digital and technology development strategy.

Does the Accenture Group have any subsidiaries?

The Accenture group has based its development strategy on the creation and acquisition of numerous subsidiaries. To date, the subsidiaries owned by the group are Accenture Spain, Accenture Norway, Accenture United Kingdom, Accenture Switzerland, the Accenture corporate foundation, Accenture France and Avanade. Because of its expansion strategy discussed above, it is likely that the group will acquire more subsidiaries in the coming years.

When and on which market were Accenture shares floated on the stock exchange?

On July 19, 2001, Accenture shares were listed on the New York Stock Exchange at a price of $14.50 per share and on the New York Stock Exchange. Goldman Sachs and Morgan Stanley managed this transaction. At the end of the day, the stock will reach a price of $15.17 with a daily high of $15.25. This first trading session on the stock exchange enabled the group to raise $1.7 billion in funds.

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