12 Best Big Data Stocks To Buy According to Hedge Funds

5. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN) is a leading global professional services company headquartered in Dublin. The company helps its clients use technology to drive enterprise-wide transformation by building their digital core, optimizing their operations, and accelerating their revenue growth. Accenture offers a range of services such as Strategy and Consulting, Technology and Operations Services. The firm is a talent- and innovation-led company with 774,000 people catering to clients in more than 120 countries.

Accenture combines its strength in technology and leadership in cloud, data, and AI with an unrivaled experience, global delivery capability, and functional expertise. In terms of experience, the firm has more than 100 data and AI projects in nearly every industry, with an unrivaled ecosystem of alliance partners. The firm offers a full spectrum of services to help companies unlock the value of dormant data.

Accenture also enables companies to unlock the value of data, innovation, and cloud by its deep partnership with Oracle. While the need for continuous reinvention has become crucial for businesses, a unified digital core becomes essential for driving sustained growth. In this regard, Oracle technology helps businesses build a scalable digital core that integrates seamlessly across functions and ensures that data is connected, processes are streamlined, and decision-making is better.

Accenture plc (NYSE:ACN) recently closed its full fiscal year ended August 31 with a record $81.2 billion new bookings for the full year. The firm continues to lead in Generative AI which is going to be the most transformative technology in the future. It posted Generative AI new bookings of $1 billion for the fourth quarter and $3 billion for the full year. For fiscal 2025, Accenture is in a good position with continued investments in its business and its proven strategy of leading reinvention for clients.