High-Quality Dividend Stock Universe: Accenture Is Capitalizing On AI, But Currently Expensive

(10min)

Summary

  • Accenture plc is a global consulting firm with a market cap over $200B and a CAGR of 16.2% since inception.
  • Accenture has a long history of strong revenue growth and a consistent and healthy gross profit margin.
  • The company just announced a 15% dividend increase, well above its 3, 5 and 10-year average dividend growth rates.
  • Following the positive market reaction to the latest earnings report, Accenture has moved further into the HOLD zone based on our valuation model.

Facade of the French headquarters of Accenture, Paris, France

HJBC

Company Description

Accenture plc (NYSE:ACN) is a worldwide consulting company that focuses on supporting businesses with technology services and operations. The company has a current market cap of more than $200B and employs approximately 750,000 people around the globe. Since

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I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is a personal hobby and I look forward to sharing my thoughts with the Seeking Alpha community.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ACN, AMAT, LRCX, WST either through stock ownership, options, or other derivatives. 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.

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