How to buy Accenture shares (2023)? – invest in Accenture
Accenture is an international company that provides IT services and consulting. As IT plays an increasingly important role in the world, investing in Accenture shares can be a viable option. In this article, we discuss how to invest in Accenture stocks.
It is clear that the IT service sector performs well: even the COVID-19 crisis did not bring Accenture down. This is because companies still need all their IT services even when the economy is struggling.
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- Diverse clients: Accenture works with clients in various sectors, which protects the company against sector-specific risks.
- Global presence: Accenture operates in more than 120 countries, and therefore generates revenue in different currencies.
- Strong position: Accenture is a leading player in consulting & outsourcing.
What are the risks of investing in Accenture stocks?
- Dependency: A large part of Accenture’s revenue is dependent on a few large clients.
- Competition: the company faces strong competition from companies like Deloitte, IBM, and McKinsey.
- Economic situation: when the economy struggles, companies are less likely to use Accenture’s services.
What is the stock price of Accenture?
Are you curious about how Accenture’s stock price develops? In the graph below, you can see at what price you can buy and sell Accenture shares:
Company data of Accenture
Below, you can see the key company data of Accenture.
Analysis of Accenture stocks
Before deciding whether to buy or sell Accenture shares, it is important to analyze the stock thoroughly. In the overview below, you can see how Accenture has developed over the past period.
Stock prices of Accenture over the last 5 days
In the table below, you can see the stock prices of Accenture from the last 5 days:
What is Accenture’s stock price doing in 2023?
Are you curious about what analysts think Accenture will do in 2023 and the years to come? Using data from Alpha Vantage, we have combined the forecasts of analysts. Keep in mind that this figure is just a prediction about Accenture’s stock price and that this prediction does not have to come true.
- Open a broker account: first, open an account with a reliable stockbroker.
- Activate your account: you can activate your investment account by confirming your identity.
- Deposit money: then deposit money into your account via bank transfer or credit card.
- Select the stock: then select the Accenture stock by searching for the ticker name ACN.
- Place an order: enter the amount you want to invest and press the buy button to start investing immediately.
About the company Accenture
The company Accenture is an internationally known management consulting and technology services firm that offers services in various industries. Its services are offered in the areas of technology, management, and outsourcing. The company, which operates in 52 countries, has its international headquarters in Dublin, Ireland.
The consulting and technology firm Accenture employs approximately 500,000 people worldwide, which makes it one of the largest business services providers in the world.
History of Accenture
The company Accenture was founded in 1989, but its origins date back to 1953 when it was the consulting division of a company named Arthur Andersen. When the consulting division split from Arthur Andersen in 1989, the new company was named Andersen Consulting.
In the 1990s, a conflict arose over the fact that Andersen Consulting, the more profitable of the two companies, had to pay 15% of its profits to Arthur Andersen each year.
In August 2000, Andersen Consulting broke all contractual ties with Arthur Andersen, which forced the company to change its name to Accenture. The name was based on “Accent on the future”
Accenture goes public
Accenture went public on July 19, 2001, by issuing shares in a primary offering on the New York Stock Exchange. The opening price of the shares was $14.50, and they closed at $15.17. Accenture raised $1.7 billion on the day of its IPO.
Since going public, the company has performed well. If you had invested in Accenture shares, your investment would have multiplied several times over by now.
Whether it is wise to buy Accenture shares, depends on your personal situation. Accenture’s shares may not be suitable for every type of investor.
It is important to thoroughly research the financial situation of the company. Like many other technology-focused companies, you will see that the company’s stock price drops significantly when interest rates rise.
If you invest for the long term, this doesn’t have to be a problem. You can, for example, invest based on the principle of dollar cost averaging: by buying Accenture stocks at multiple times, you can achieve an average return on your investments.
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