2024-07-02 05:49:32 ET
Summary
- Accenture plc has returned -1.07% to shareholders since November 2023, falling more than 25% since February 2024.
- ACN benefits from technological transitions with minimal investment, has a global presence, and a large total addressable market.
- Recent events include increased bookings, acquisitions to boost organic growth, and progress in GenAI projects with high ROIs.
I wrote an article about Accenture plc ( ACN ) back in November 2023 with a Hold rating. During this time, the company has returned -1.07% to its shareholders, compared to the S&P 500's 25.21% over the same period. Although it was up by 24% at one point, since February it has fallen by more than 25%. In today's article, I will summarize the events that have occurred, as well as update various thoughts and reflections I have had about the company....
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Accenture Remains A Quality Company Trading At Fair Value