What is Accenture PLC?
Accenture PLC (ACN) is an investment holding company that offers a variety of management, technology, outsourcing and consulting services and solutions. The company was formed in 1989, by partners from the Arthur Andersen firm, as a separate business unit, and first named Andersen Consulting. The company was named Accenture in 2001 after it ended its connection with Arthur Andersen and went public the same year. The global company headquarters are located in Dublin, Ireland, where it was incorporated in 2009.
The company offers a range of services through five operating segments: communications, media and technology, financial services, health and public service and products and resources.
Accenture PLC serves clients that operate in the banking, insurance and capital market industries, as well as clients engaged in business activities related to consumer goods, retail, travel, healthcare, natural resources and energy. The company has entered into partnerships and alliances with a number of firms such as Adobe, Cisco, Clarivate Analytics, Alibaba, Apple and Amazon Web Services.
Accenture PLC is a publicly-traded company on the New York Stock Exchange since its initial public offering in 2001. The company share was priced at $14.5 (£11) per share on the IPO day.
Performance of Accenture share price
The Accenture stock price has moved in a clearly defined upward trend during the last couple of years, reaching a record high price of around $253 (£190) by the end of November 2020. The Accenture share price experienced two major pullbacks during its upward movement in the last decade. The weekly price chart shows that the first significant pullback appeared during the last quarter of 2018 when the Accenture stock price fell by nearly 20 per cent, from a price of around $165 (£124) down to a level of $134 (£100). Afterwards, the Accenture stock price bounced back and resumed its movements in line with the original trend.
The next significant decline of the Accenture share price occurred in the first quarter of 2020 when the price fell in a couple of months from $215 (£161), hitting a bottom price of nearly $145 (£1.09) which represents a decrease of more than 30 per cent. After hitting a bottom price, the Accenture share price moved back toward the original trend when it achieved the record high price.
The daily fluctuations of Accenture stock price may be a couple of per cent. Occasionally, it will experience fluctuations of more than five per cent based on the economic activities and movements in relevant factors. The hourly time frame also shows that the Accenture share price may increase or decrease by a couple of per cent, but price gaps occur repeatedly.
How to invest in Accenture stock with tokenised assets?
Advances in blockchain technology supported the creation of a variety of innovative assets which expanded the trading opportunities in financial markets. This includes the tokenised assets created by Dzengi.com. Blockchain technology enables faster executing time, lower costs and enhanced security, while transactions are recorded on a distributed ledger. Dzengi.com applied this technology and developed tradeable tokens associated with a real-life asset such as shares, commodities or indices.
This new type of asset can be used to invest in Accenture stock or any other security for which a token is created. The desire to invest in Accenture stock and benefit from fluctuations in its value is easily achievable because of the way the innovative assets work. The value of tokenised assets replicates the movements in the underlying assets, enabling traders to benefit while excluding the need to own the real assets.
Dzengi.com developed tokenised assets in a way that will enable traders to open and close positions directly with crypto. This option ensures that all unnecessary and non-value adding costs are eliminated from the transactions made with Bitcoin or Ethereum.
Traders can invest in Accenture stock using the trading margin of five per cent, which is provided by Dzengi.com platform to its clients when trading tokenised Accenture shares. The low margin enables traders to increase the size of their positions with their available capital. For instance, a trader that has $2,000 (£1,498) to invest in Accenture stock can open a trading position with tokenised Accenture shares worth $40,000 (£29,946) when using the five per cent margin. A relevant change of three per cent in the trader’s direction can potentially bring $1,200 (£899). For comparison, if the position is opened without any margin and leverage then even with a 10 per cent change on a position of $2,000 the trader may earn a potential profit of $200 (£150).
Tokenised Accenture stock trading guide
The Dzengi.com tokenised assets platform created tokenised assets which simplify the Accenture stock trading process. Traders need to go through a few simple steps:
- 1. Open a trading account on Dzengi.com tokenised assets platform
- 2. Deposit funds in your trading account. Remember that Dzengi.com enables traders to fund their account with fiat money, Bitcoin or Ethereum
- 3. Use the trading margin provided by Dzengi.com to estimate the size of your position along with the required capital to open the position
- 4. Traders open and close positions with tokenised Accenture shares in the same manner as they do when trading the underlying asset. Based on their analysis, they could go long or take a short position. The orders executed by Dzengi.com clients are matched with each other and outstanding orders are hedged through Capital.com or LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital.
- 5. You may close your position in accordance with your strategy either directly or by defining take-profit orders. Traders should keep in mind that Dzengi.com gives them the opportunity to withdraw their funds in the underlying form, either fiat money or cryptocurrency.
Why trade tokenised Accenture shares with Dzengi.com
Tokenised stock trading at Dzengi.com tokenised assets exchange has a number of advantages. Tokenised assets are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument's price.
- One-stop crypto trading platform
Trade tokenised Accenture shares with Bitcoin or Ethereum. Benefit from the stock's price movements without turning your crypto assets into fiat.
- Tight spreads
Trade tokenised Accenture stocks with a tight market spread, benefit from maker rebates and competitive taker fees.
- Leverage
Experienced traders can trade the world's top markets, like ACN, with up to 1:500 leverage.
- Effective risk management
Manage your risks and secure your profits with stop loss and take profit orders. Save your assets with negative balance protection.
- Instant order execution
We have a scalable and low latency order management system, which can execute 50 million trades per second.
- Safe regulation
Dzengi.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.
