Has Accenture Stock Become A Different Bet?

Accenture (ACN) stock is currently priced at 16.4 times earnings, sitting well below the 21.5 multiple of the S&P 500. Investors paying that price need a clear picture of what they are buying. The complication is that management has shifted its priorities. A year ago, executives cited building the digital core as their biggest growth driver. Today, the company pitches a different narrative. So what is it.