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Accenture Stock: Analyzing Attractiveness For Dividend Investors

Oct. 05, 2021 7:38 AM ETAccenture plc (ACN)16 Comments
The Dutch Investor profile picture
The Dutch Investor


  • Accenture is a technology, consulting and services company that also pays a dividend.
  • The dividend has been growing by 10% CAGR and I also expect them to continue at this pace.
  • The recently published Q4 2021 results, based on which I assess their performance.
  • As a dividend value investor, I assess whether Accenture is an attractive investment right now.

Accenture building in Mississauga, Ontario, Canada

JHVEPhoto/iStock Editorial via Getty Images

In this article, I investigate the performance and quality of Accenture (NYSE:ACN) and assess if it could be an interesting investment right now. The conclusion is that although Accenture is an interesting company that is

This article was written by

The Dutch Investor profile picture
I am very passionate about investing, specifically value investing for (growing) dividends. My main investments are individual stocks with global scope (European, US, Canada listed). I am privately investing since 2006 and have therefore experienced and "survived" several big crises. My educational background is Business Economics, I have also read numerous books around investing and work in the financial sector since 2007. My investment style is a mix of traditional value investing (like Benjamin Graham, Warren Buffet), but enhanced with also more (dividend) growth-oriented stocks (like Peter Lynch, Charlie Munger). My main investment portfolio is focused on (growing) dividend income in combination with capital appreciation from always buying with a Margin of Safety. My goal as a writer is to share with you my investment approach and skills, including also my investment judgement on specific companies. I am also happy to share with you interesting European companies that US-based investors might not be aware of.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (16)

Just listened to their conference call, and was amazed at how much momentum they have vs. both SW names like ORCL, MSFT as well as competitors like EPAM, etc.
Do you care to revisit your theses, after last week?
17 Dec. 2021
Looks like you missed this winner.
Seems like ACN announces the acquisition of another company weekly. They must have one heck of an integration team.
The Dutch Investor profile picture
@GETRICHSLOW2 thanks for reading and commenting! Very good observation, I checked and since 2019 they announced 94 (!) acquisitions according to ChannelE2E.
cccraig20 profile picture
@GETRICHSLOW2 yes they do.
TigerMoney profile picture
ACN has been an outstanding performer for me. Have held for many years since purchasing for $79.00/per share. Terrific company....!! Is a much better grower than all the other companies they compete against.

The Dutch Investor profile picture
@TigerMoney wow, well done!! How do you see their current valuation? Would you buy more at the current share price?
TigerMoney profile picture
@The Dutch Investor,
I see them somewhat overvalued at this time. With a PE of nearly 35 and earnings estimates of around $9 this year and the $10, and $11 the following years are good, but not enough to drive the stock much higher.

The Dutch Investor profile picture
@TigerMoney yes, that also fits with my analysis. Currently not attractively valued.
The question is what happens in a world of aging population, lack of talents, accelerating need for change and, therefore, potential further wage inflation. Accenture might be a good hedge.
The Dutch Investor profile picture
@Peter6251 thanks for your interesting point! Are you long ACN? For that reason?
@The Dutch Investor Long: due to continuous overall market growth in consulting & outsourcing as well as potential significant future global wage inflation
Beware of the 25% witholding on the dividend since ACN is based in Ireland. Depending on which country you pay your income taxes to and the type of account that you are holding ACN's shares in, that could mean that you only get 75% of the dividend.
The Dutch Investor profile picture
@optonguy thanks for reading and commenting!
@optonguy US resident here, no withholding tax on last two dividends from ACN, my brokerage is very sensitive to all taxes. Zero dividend tax also seems to apply to most Irish dividends paid into USA.
The Dutch Investor profile picture
@wdjax0n thanks for sharing!
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