Kevin O’Leary’s Stock Portfolio: 15 Stock Picks for 2025

12. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN), an information technology company with headquarters in Ireland, specializes in assisting companies with digital transformation by providing services in the areas of strategy, consulting, digital, and technology.

On January 15, Mizuho Securities upheld its Outperform rating on Accenture plc (NYSE:ACN). The endorsement comes after Accenture’s chief AI officer, Lan Guan, met with investors. With about $2 billion in yearly run-rate revenue, or roughly 3% of the total, and about $4.8 billion in yearly run-rate bookings, the conversations emphasized the important role that GenAI has played in propelling the company’s expansion. The discussion also focused on the company’s GenAI as a major growth vertical, highlighting Accenture’s capacity to maintain and duplicate its AI model success.

Accenture plc (NYSE:ACN) reported $17.7 billion in revenue for the first quarter of fiscal 2025, a 9% increase over the same period the previous year. The company has increased its full-year revenue growth forecast to 4% to 7% in local currency as part of its updated business outlook for fiscal 2025. The company now expects a 0.5% negative foreign exchange impact. Its GAAP EPS outlook has also been revised to range from $12.43 to $12.79.

Diamond Hill Capital highlighted ACN in its Q3 2024 investor letter. Here is what the firm has to say:

“We continue finding compelling new ideas, even as the bull market proceeds. In Q3, we initiated three new positions in Aon, Accenture plc (NYSE:ACN) and Builders FirstSource. Accenture is a leading global IT services and consultancy business. We think the services it provides — which are differentiated and in specialty areas relative to many of its peers — are critical and will be in high demand in the technology ecosystem for years to come. This should contribute to stable prices and margins. We believe the market is undervaluing Accenture relative to the opportunity ahead of it and, consequently, were able to initiate a position in the quarter at a discounted share price.”