Accenture (NYSE:ACN) Stock, Quote.Headers.trade-ideas

Accenture

Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

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Accenture plc (NYSE: ACN) has seen its stock rise 22% in the past three months, outperforming the industry&#39;s 14.9% growth and the 2.4% uptick in the S&amp;P 500 composite index.

Here&#39;s Why You Should Add Accenture Stock to Your Portfolio

Accenture plc (NYSE: ACN) has seen its stock rise 17% in the past three months, outperforming the industry&#39;s 10.4% growth and the 0.4% uptick in the S&amp;P 500 composite index.

Accenture and Unilever Collaborate on Generative AI Platform

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ABEQ

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Trust for Professional Managers Jensen Quality Growth ETF

JGRW

KEAT

Accenture and Unilever expand their partnership to transform Unilever&#39;s digital infrastructure and boost global efficiency with advanced generative AI.

AI Power Play: Accenture And Unilever Unveil Major Expansion to Transform Digital Operations

Accenture plc Class A Ordinary Shares (Ireland)

Accenture PLC

ACNB Corp

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CapitaLand India Trust

ALICE CONSOL MINES INC by Alice Consolidated Mines, Inc.

Alice Consolidated Mines Inc

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ACCELERA INNOVATIONS INC by Accelera Innovations, Inc.

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Rumors

Watching Accenture; Shares Spike Lower, Traders Circulate Unconfirmed Rumor Co To Postpone Majority Of Promotions By 6-Months Due To Dim Outlook

As part of this investment, Accenture plans to integrate Martian&#39;s advanced model router offering into its proprietary &quot;switchboard&quot; services that can customize large-language models (LLMs) for specific data sources and use cases for greater impact of AI systems.

Accenture Ventures Invests In Martian, A Technology Company That Has Built A Patent-Pending Large Language Model Router; Terms Not Disclosed

Accenture And Indosat Ooredoo Hutchison Team Up To Accelerate Sovereign AI Cloud

Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) has seen its stock rise 22% in the past three months, outperforming the industry&#39;s 14.9% growth and the 2.4% uptick in the S&amp;P 500 composite index.
We have a Zacks Rank #2 (Buy) on ACN shares, given the company&#39;s technological prowess, strong cash position, contribution from acquisitions and consistent dividend payouts.
<div class="chart_embed">
<h2>Accenture PLC Price</h2>
<img alt="Accenture PLC Price" src="https://staticx-tuner.zacks.com/images/charts/4f/1726492889.png" style="height:310px; width:600px" title="" />
Accenture PLC price | Accenture PLC Quote
Let&#39;s look at the factors in detail that make the stock an attractive pick.
</div>
<h2>Technology-Based Growth Strategy</h2>
Accenture&#39;s broader growth strategy focuses on delivering comprehensive value to its stakeholders through technology. By focusing on building a digital core with cloud, data, and AI technologies and investing in talent, Accenture is well-positioned for long-term success. We believe this strategy positions Accenture as a trusted partner for its clients and keeps the stock attractive.
<h2>Strong Cash Position</h2>
Accenture had a cash and cash equivalents balance of $5.5 billion at the end of third-quarter fiscal 2024 against a total long-term debt of just $69 million. Cash provided by operating activities was $1 billion and free cash flow came in at $1 million. Accenture generates&nbsp;significant cash from operations&nbsp;and also holds a huge cash balance, management has the flexibility to pursue growth in any areas that exhibit true potential.
This flexibility and technological prowess allowed it to pursue acquisition opportunities in different markets. The company spent $2.5 billion across 25 acquisitions in fiscal 2023.&nbsp;A disciplined acquisition strategy&nbsp;helps ACN channel its business in high-growth areas, adding skills and capabilities, and deepening industry and functional expertise.
<h2>Dividend Spinner</h2>
Commitment to shareholder returns makes ACN a reliable way for investors to compound wealth over the long term. The company paid $2.8 billion, $2.5 billion and $2.2 billion in dividends in 2023, 2022, and 2021, respectively. We are expecting steady income growth, which will translate to steady cash flow, enabling it to pay out stable dividends.
<h2>Other Stocks to Consider</h2>
Investors can look at&nbsp;some other top-ranked stocks like AppLovin&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>), Climb Global Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clmb#NASDAQ">CLMB</a>), and HNI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>).
APP currently sports a Zacks Rank of 1 (Strong Buy). The company has a long-term earnings growth expectation of 20%. APP delivered a trailing four-quarter earnings surprise of 21.1%, on average.
Climb Global Solutions flaunts a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 11%. CLMB delivered a trailing four-quarter earnings surprise of 25.2%, on average.
HNI sports a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 12%. HNI delivered a trailing four-quarter earnings surprise of 51.3%, on average.
<a href="https://www.zacks.com/stock/news/2336610/here-s-why-you-should-add-accenture-stock-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336610">To read this article on Zacks.com click here.</a>

Here's Why You Should Add Accenture Stock to Your Portfolio

Company to Support the PEPFAR Mission to Achieve Global HIV Epidemic Control
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Findustries%2Faccenture-federal-services&amp;esheet=54120949&amp;newsitemid=20240916504798&amp;lan=en-US&amp;anchor=Accenture+Federal+Services&amp;index=1&amp;md5=407a7880249d45a08ba99dc67477aea7">Accenture Federal Services</a> has won a $190 million prime contract from the U.S. Department of State to provide data and systems engineering support for the U.S. President's Emergency Plan for AIDS Relief, a program commonly known as <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.state.gov%2Fpepfar%2F&amp;esheet=54120949&amp;newsitemid=20240916504798&amp;lan=en-US&amp;anchor=PEPFAR&amp;index=2&amp;md5=42b341a67ba58725a6ea5418cce42267">PEPFAR</a>.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240916504798/en/">https://www.businesswire.com/news/home/20240916504798/en/</a>
&nbsp;
Widely considered one of the best examples of global health leadership in history, PEPFAR is credited with saving 25 million lives, preventing millions of HIV infections, and accelerating progress toward turning the tide of the HIV/AIDS crisis globally. Coordinated by the U.S. Department of State's Bureau of Global Health Security and Diplomacy, and implemented by seven departments and agencies, PEPFAR is the largest commitment ever to be undertaken by any nation to address a single disease.

Contracts

Accenture Federal Services Wins $190M U.S. Department Of State Data And Systems Engineering Contract To Provide Data And Systems Engineering Support For The U.S. President's Emergency Plan For AIDS Relief, A Program Commonly Known As PEPFAR

Cloud modernization program cultivating engagement between carrier, its customers and distribution partners
F&amp;G Annuities &amp; Life, Inc (F&amp;G) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FG#NYSE">FG</a>), a leading U.S. provider of insurance solutions serving retail annuity and life customers and institutional clients, announced a strategic collaboration with Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) to enhance F&amp;G's technology platform capabilities to optimize and scale operations for future growth through the utilization of Accenture's Life Insurance and Annuity Platform (ALIP).

F&G and Accenture Collaborate To Enhance F&G's Technology Platform Capabilities To Optimize And Scale Operations For Future Growth Through The Utilization Of Accenture's Life Insurance And Annuity Platform

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has outperformed the market over the past 20 years by 5.33% on an annualized basis producing an average annual return of 13.66%. Currently, Accenture has a market capitalization of $219.17 billion. 
Buying $100 In ACN: If an investor had bought $100 of ACN stock 20 years ago, it would be worth $1,306.05 today based on a price of $349.89 for ACN at the time of writing.
<h3>Accenture's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726174872_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,300 Today

TD Cowen analyst Bryan Bergin maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Hold and raises the price target from $293 to $321.

Price Target

TD Cowen Maintains Hold on Accenture, Raises Price Target to $321

The partnership aims to empower Saudi Arabia to adopt and innovate with gen AI at scale, helping the Kingdom address the evolving digital talent requirement across industries and contribute to the Kingdom&rsquo;s Vision 2030.

Aramco Digital, Accenture Form Strategic Partnership To Fuel Generative AI Innovation, Supercharge Digital Skilling Agenda In Saudi Arabia

Accenture Launches Personalized Experiences On Salesforce Solution That Leverages Data And Artificial Intelligence

This investment, made through&nbsp;Accenture Ventures, will support EMTECH in its efforts to transform central banks&#39; financial and technology infrastructure and make it easier for central banks to regulate and supervise fintechs in an increasingly digital economy.

Accenture Invests In Financial Technology Company EMTECH; Terms Not Disclosed

Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) has seen its stock rise 17% in the past three months, outperforming the industry&#39;s 10.4% growth and the 0.4% uptick in the S&amp;P 500 composite index.
Recently, Accenture broadened its strategic alliance with Unilever (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) to streamline Unilever&#39;s digital infrastructure and leverage generative AI to enhance efficiency and operational agility. By tapping into Accenture&#39;s expertise, Unilever aims to identify where AI can generate the most significant transformative impact, ultimately yielding higher returns on investment.
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<h2>Accenture PLC Price</h2>
<h2><img alt="Accenture PLC Price" src="https://staticx-tuner.zacks.com/images/charts/ba/1725875044.png" style="height:300px; width:600px" title="" /></h2>
Accenture PLC price | Accenture PLC Quote
</div>
<h2>GenWizard Platform: A Key Driver of Change</h2>
Under this multi-year collaboration, Unilever will collaborate with Accenture to establish new standards in generative AI-driven productivity across the industry. This involves scaling AI applications that have already demonstrated the ability to cut costs and optimize operations on a global scale.
Accenture will provide Unilever access to its GenWizard platform, designed to fast-track technological and digital product development. The platform, armed with more than 350 patents and ready-to-use tools and frameworks, offers a comprehensive suite of solutions tailored to achieve specific business technology goals. The partnership will allow Unilever to deploy targeted generative AI solutions throughout its operations, driving efficiency, cost reduction and discovering innovative workflows. Ultimately, this collaboration is expected to help Unilever gain a competitive edge in the marketplace.
<h2>Driving Digital Transformation and Competitive Advantage</h2>
Accenture&#39;s collaboration with Unilever marks a strategic move toward strengthening its position as a leader in digital transformation, particularly in the realm of generative AI. The use of Accenture&#39;s GenWizard platform underscores the company&#39;s commitment to providing cutting-edge solutions that enable its clients to achieve operational excellence.
From Unilever&#39;s perspective, the application of generative AI is expected to enhance overall business performance by simplifying its digital core, identifying new efficiencies and scaling successful AI use cases globally. These initiatives are likely to drive significant cost reductions, operational agility and business insights, positioning Unilever to better adapt to an increasingly competitive and technology-driven market.
The partnership also highlights the growing importance of AI in shaping corporate strategies. Companies that harness AI&#39;s potential to streamline operations and improve decision-making will likely gain a competitive edge. This collaboration serves as a testament to the value of long-term investments in AI-driven innovations.
<h2>Zacks Rank and Stocks to Consider</h2>
ACN currently carries a Zacks Rank #4 (Sell).
A couple of better-ranked stocks from the broader Zacks Business Services sector are AppLovin&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) and Genpact (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/g#NYSE">G</a>).
APP currently sports a Zacks Rank of 1 (Strong Buy). The company has a long-term earnings growth expectation of 20%. JAMF delivered a trailing four-quarter earnings surprise of 21.1%, on average.
Genpact carries a Zacks Rank of 2 (Buy) at present. It has a long-term earnings growth expectation of 8.4%.G delivered a trailing four-quarter earnings surprise of 6.9%, on average.
<a href="https://www.zacks.com/stock/news/2333218/accenture-and-unilever-collaborate-on-generative-ai-platform?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2333218">To read this article on Zacks.com click here.</a>

Providing a diverse range of perspectives from bullish to bearish, 16 analysts have published ratings on Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $342.38, a high estimate of $400.00, and a low estimate of $293.00. This current average has decreased by 6.84% from the previous average price target of $367.53. 
<img src="https://www.benzinga.com/files/images/story/2024/1725642016_0_1.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Accenture. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$376.00</td>
<td>$330.00</td>
</tr>
<tr>
<td>Kevin Mcveigh</td>
<td>UBS</td>
<td>Maintains</td>
<td>Buy</td>
<td>$400.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>James Faucette</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$300.00</td>
<td>$382.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$335.00</td>
<td>-</td>
</tr>
<tr>
<td>James Faucette</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$400.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$293.00</td>
<td>$294.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$350.00</td>
<td>$375.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$350.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Ashwin Shirvaikar</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$350.00</td>
<td>$340.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$320.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$350.00</td>
<td>$398.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$350.00</td>
<td>$390.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$320.00</td>
<td>$379.00</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$350.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>David Grossman</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$340.00</td>
<td>$395.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$294.00</td>
<td>$350.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Accenture. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Accenture compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Accenture's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Accenture's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ACN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Accenture analyst ratings.</a>
<h2>Unveiling the Story Behind Accenture</h2>
Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
<h3>Unraveling the Financial Story of Accenture</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Accenture's revenue growth over a period of 3 months has faced challenges. As of 31 May, 2024, the company experienced a revenue decline of approximately -0.59%. This indicates a decrease in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Accenture's net margin is impressive, surpassing industry averages. With a net margin of 11.73%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Accenture's ROE stands out, surpassing industry averages. With an impressive ROE of 7.04%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Accenture's ROA excels beyond industry benchmarks, reaching 3.66%. This signifies efficient management of assets and strong financial health.
Debt Management: Accenture's debt-to-equity ratio is below the industry average at 0.17, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Accenture

JP Morgan analyst Tien-Tsin Huang maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Overweight and raises the price target from $330 to $376.

JP Morgan Maintains Overweight on Accenture, Raises Price Target to $376

Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) and Unilever plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) have announced a significant expansion of their strategic partnership aimed at transforming digital infrastructure and harnessing the power of generative AI to enhance efficiency<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40723918/unilever-and-accenture-join-forces-to-establish-a-new-industry-standard-in-generative-ai-powered-p" rel="noreferrer noopener"> and agility across its global operations.</a>
The multi-year program will focus on establishing a new industry benchmark for productivity powered by generative AI. Unilever plans to scale successful AI use cases that have already demonstrated worldwide cost savings and operational efficiencies.
Hein Schumacher, CEO of Unilever, highlighted the success of their initial AI implementations, which introduced 500 AI applications and achieved notable efficiency gains. He emphasized the potential for further advancements with Accenture&#8217;s support, stating that the deeper integration of AI is a key part of their strategy to accelerate growth and performance.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40577369/accenture-expands-healthcare-reach-across-europe-with-latest-consus-health-deal" rel="noreferrer noopener">Accenture Expands Healthcare Reach Across Europe With Latest consus.health Deal</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UL stock has gained over 30% in the past year. Investors can gain exposure to the stock via&nbsp;Absolute Select Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABEQ#NYSE">ABEQ</a>) and&nbsp;Keating Active ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEAT#NASDAQ">KEAT</a>).
Unilever will utilize Accenture&#8217;s GenWizard platform, which boasts over 350 patents and a suite of tools and frameworks designed to meet various technology objectives. This platform will play a crucial role in expediting Unilever&#8217;s technology and digital product development.
Julie Sweet, Chair and CEO of Accenture, praised the extended collaboration, noting that it will set a new standard for scaling generative AI in enterprise settings. She emphasized that the GenWizard platform will help Unilever achieve efficiencies, discover innovative work methods, and gain a competitive edge.
This enhanced partnership builds on previous efforts to explore and apply generative AI across Unilever&#8217;s operations, including new projects from its &#8220;Horizon3 Labs.&#8221;
ACN stock has gained over 5% in the past year. Investors can gain exposure to the stock via&nbsp;Trust for Professional Managers Jensen Quality Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JGRW#NYSE">JGRW</a>) and&nbsp;iShares U.S. Tech Independence Focused ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IETC#BATS">IETC</a>).
Price Action: ACN shares closed higher by 0.62% to $343.99 on Wednesday. UL shares are trading higher by 0.15% to $65.20 at premarket trading on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
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Unilever will look to leverage Accenture&#39;s&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Fservices%2Fcloud%2Fapplication-transformation%2Fgenwizard&amp;esheet=54116604&amp;newsitemid=20240905109256&amp;lan=en-US&amp;anchor=GenWizard&amp;index=1&amp;md5=18f1e18f83894cc32ddeac2e779335d0">GenWizard</a>&nbsp;platform to accelerate their technology and digital product development. The gen AI platform has more than 350 patents and ready-to-apply tools and frameworks that work together to provide a comprehensive solution for any given technology business objective.

Unilever And Accenture Launch Multi-Year Program To Boost Productivity With Generative AI-Powered Solutions

Accenture's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) short percent of float has fallen 9.4% since its last report. The company recently reported that it has 6.61 million shares sold short, which is 1.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Accenture Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725466510_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Accenture has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Accenture's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Accenture's peer group average for short interest as a percentage of float is 4.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Accenture's Recent Short Interest

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) today announced that Arundhati Chakraborty has been appointed group chief executive of Accenture Operations, effective as of Sept. 1.
As clients look to reinvent their operations using tech, data and AI, Chakraborty brings an outstanding track record delivering complex transformations, particularly in her current role leading over 185,000 Accenture people across more than 125 Intelligent Operations Centers, focusing on compressed transformation through analytics, artificial intelligence and automation. With 30 years of industry experience, her ability to shape and implement talent strategy across diverse teams will help Accenture create ever greater value for clients around the world. Arundhati will be responsible for growing the company's $10B Operations business and bringing even greater innovation to Accenture's clients, tapping vast opportunities created with generative AI and automation.

Accenture Appoints Arundhati Chakraborty As Group Chief Executive Of Accenture Operations, Effective September 1, 2024

Companies helping clients across industries safely scale AI projects and reinvent business operations
45% of joint client projects have moved from gen AI proof-of-concepts to production
Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) and Google Cloud today announced that their strategic alliance is advancing solutions for enterprise clients and seeing strong momentum across industries in two critical and related areas: generative AI and cybersecurity.
&nbsp;
As part of the announcement today, the two companies are increasing their investments in services that support businesses through every stage of their gen AI projects, including providing the expertise to determine optimal use cases, piloting projects for strategic innovation and deploying the engineering prowess needed to scale the technology and secure the enterprise. With cybersecurity as a core pillar of the partnership, Accenture and Google Cloud are also deepening their security work as clients adapt to new risks unique to gen AI, including securing model data, managing cyberattacks, and delivering remediation services that minimize breach impact and enable faster recovery.

GOOG

GOOGL

Accenture And Google Cloud Announce Their Strategic Alliance Is Advancing Solutions For Enterprise Clients And Seeing Strong Momentum Across Industries In Two Critical And Related Areas: Generative AI And Cybersecurity

Company to Use Artificial Intelligence to Speed Patent Examinations and Protect Intellectual Property
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Findustries%2Fafs-index&amp;esheet=54113800&amp;newsitemid=20240828327915&amp;lan=en-US&amp;anchor=Accenture+Federal+Services&amp;index=1&amp;md5=71eaca38a6afdd703ef14efda6f877b5">Accenture Federal Services</a> has won a $75 million contract to scale the use of artificial intelligence (AI) and modernize how the United States Patent and Trademark Office (USPTO) performs patent examinations.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240828327915/en/">https://www.businesswire.com/news/home/20240828327915/en/</a>

Accenture Federal Services Wins $75M Contract To Scale The Use Of Artificial Intelligence And Modernize How The USPTO Performs Patent Examinations.

Bank of America Securities analyst Jason Kupferberg has maintained their bullish stance on ACN stock, giving a Buy rating on September 6. Jason Kup...

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Press Releases

Accenture Appoints Arundhati Chakraborty as Group Chief Executive of Accenture Operations; Yusuf Tayob named Global Communications, Media & Technology Industry Practices Chair

Unilever and Accenture Join Forces to Establish a New Industry Standard in Generative AI-Powered Productivity

Accenture Invests in EMTECH to Modernize Central Bank Operations

Accenture to Announce Fourth-Quarter and Full-Year Fiscal 2024 Results

Accenture Helps Organizations Personalize Experiences on Salesforce using Data and AI

F&G and Accenture Collaborate to Optimize Technology Platform Capabilities for Retail Annuity Growth

Accenture Federal Services Wins $190M U.S. Department of State Data and Systems Engineering Contract

Indosat Ooredoo Hutchison Group and Accenture Accelerate Sovereign AI Cloud to Power Indonesia's Digital Future

Accenture Invests in Martian to Bring Dynamic Routing of Large Language Queries and More Effective AI Systems to Clients

CloudBees Brings Thousands of Developers to Annual DevOps World as It Surpasses $150 Million in Revenue and Achieves Profitability

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