The Weekly Buzzing Stocks by Billy KawasakiAccenture Ltd.ACNTOP PICKJun 22, 2023
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, it offers Strategy and Consulting, Interactive, Technology and Operations services - all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Its 514,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. It embraces the power of change to create value and shared success for its clients, people, shareholders, partners and communities.
Behemoth in consulting and outsourcing. Partnerships with all the big cloud guys. Big Fortune 500 clients. 19 acquisitions this year. Innovation hubs. Life sciences. Generative AI collaboration. Buy in thirds here, at $316, and $300. Yield is 1%.
Great company. The go-to people, and they actually walk the walk on AI. Even if we go into a recession, this business is very sticky. Price target of $315.50, but he wouldn't be surprised if it goes higher. Yield is around 1.6%.
This is a pretty phenomenal company and is a leader in the consultancy business with hundreds of thousands of employees. They do what they teach and it runs a virtual boardroom. It is well priced.
Large consulting company with tech exposure. High margin business with low capital requirements. Current share price presenting good buying opportunity. Will be a good stock to hold for long term investors.
Outsourcing powerhouse. Amazing company. Pretty well priced, as his target is $315. Embraced the metaverse. Really likes it, he still has a 1% position. He'll trim as it approaches its price target.
World class consulting company. Major consultant to large corporations. Very large company without capital requirements. Consistently hiring top talent.
A long-term hold for her. The company raised guidance on an improving mix of efficiency and pricing. Won't see much multiple expansion but they will expand the bottom line.
They report next Friday. They do very well, but shares tend to decline after their quarters. He thinks companies will reduce digitization to save money and hurt ACN.
(A Top Pick Oct 27/21, Down 26%) Dividend growth and buyback story. Coming recession will give companies opportunities to cut workers through automation. Core holding for him. If it went down by 1/3, he'd buy more. Yield is 1.7%.
A bit recession-resistant. Fantastic array of clients. 97 of its top 100 clients have been with them for 10 years. A sticky business. A good time to buy if you think, as he does, that the market's going to become more constructive into Q4. (Analysts’ price target is $416.00)
IT work for Fortune 2000 companies. Good total return. Buybacks and dividend increase. Hold your nose and buy it when it goes on sale. If it goes lower, buy more. Core holding. Likes the franchise 3-5 years longer term.
Allan Tong’s Discover Picks Only 7.8%? Again, Accenture is steady. It isn’t Meta or Nvidia. ACN trades at 30.1x earnings, which is a far cry from Salesforce‘s 171.9x. Accenture pays a 1.23% dividend yield which (again) is safe based on a 33% payout ratio. How many IT companies even pay a divvy? You can collect that 1.23% and expect nearly 8% share appreciation to come close to a 10% return in a year. Read 3 Long-Term Stocks to Buy and Hold for our full analysis.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, it offers Strategy and Consulting, Interactive, Technology and Operations services - all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Its 514,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. It embraces the power of change to create value and shared success for its clients, people, shareholders, partners and communities.