A company that has long been on my wish list is Accenture plc (NYSE:ACN). I know it as a business consulting firm but it actually does more than that. Accenture bills itself as a "leading global professional services company." The professional services it provides are in strategy, consulting, digital, technology and operations. What it tries to provide its customers is to help them "…improve their performance and create sustainable value for their stakeholders." Accenture always seemed to be the kind of company that was always "expensive" in terms of its valuation. After looking at some stock charts this weekend I noticed that Accenture has pulled back somewhat and I thought that the recent pullback may offer an opportunity for me to initiate a position in the company. This article will outline Accenture's business strategy, review some common performance metrics for the past 5 years, look at its growth potential, consider the stock's technical merits and lastly identify some risks of investing in Accenture.
