9. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders as of Q4: 79
Bourgeon Capital’s Equity Stake: $14.48 Million
Accenture plc (NYSE:ACN), headquartered in Dublin, Ireland, is a global professional services company specializing in IT consulting, digital transformation, and management solutions. Originally founded in 1989, the company has grown into a Fortune Global 500 leader, offering expertise in areas such as cloud computing, cybersecurity, artificial intelligence, finance, supply chain management, and sustainability. Serving industries ranging from aerospace and banking to healthcare and energy, Accenture leverages AI-driven solutions to enhance customer and employee experiences, drive brand loyalty, and optimize business operations.
The company traces its roots back to the early 1950s as the business and technology consulting arm of Arthur Andersen. One of its early milestones was a feasibility study for General Electric, leading to the first commercial installation of a UNIVAC I computer in the U.S. at GE’s Appliance Park in Kentucky. Over the decades, Accenture plc (NYSE:ACN) has continued to evolve, integrating advanced technologies and expanding its industry reach to help businesses navigate digital transformation and remain competitive in a rapidly changing market.
On February 12, 2025, Accenture plc (NYSE:ACN) announced its collaboration with SAP to provide personalized learning and training services aimed at upskilling and reskilling employees across various organizational levels. As one of the first global partners authorized to deliver SAP Learning programs, Accenture will integrate SAP’s partner-led training initiatives with its own expertise to foster a culture of continuous learning. This partnership offers businesses access to structured, instructor-led training and customized learning journeys, enhancing employees’ technical and industry-specific skills. The initiative is designed to optimize SAP solution adoption, improve decision-making, and increase workforce satisfaction, ultimately strengthening employee retention and organizational growth. Additionally, participants will have the opportunity to earn an SAP-focused Nanodegree from Udacity through Accenture LearnVantage. Both companies are also working on leveraging AI-driven learning pathways to further personalize training, ensuring professionals are equipped with the latest SAP knowledge to drive business transformation.
Diamond Hill Large Cap Strategy stated the following regarding Accenture plc (NYSE:ACN) in its Q3 2024 investor letter:
“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.”
