Accenture (ACN) Fell due to the Potential Cancellation of Contracts
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 0.93% compared to the 4.27% decline for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Accenture plc (NYSE:ACN). Accenture plc (NYSE:ACN) is a professional services company that provides management consulting, technology, and outsourcing services. The one-month return of Accenture plc (NYSE:ACN) was -4.25%, and its shares lost 5.39% of their value over the last 52 weeks. On April 24, 2025, Accenture plc (NYSE:ACN) stock closed at $291.41 per share with a market capitalization of $182.43 billion.
Madison Large Cap Fund stated the following regarding Accenture plc (NYSE:ACN) in its Q1 2025 investor letter:
"Accenture plc (NYSE:ACN) shares were weak in the quarter due to possible contract cancelations from the U.S. Federal government. While some lost business does seem likely, Accenture's overall exposure to this end market is limited and the headwind appears manageable."
A team of data experts gathered around a computer monitor analyzing customer data.
Accenture plc (NYSE:ACN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 79 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the fourth quarter compared to 60 in the third quarter. Accenture plc (NYSE:ACN) reported revenue of $16.7 billion in the second quarter of 2025, a 5% increase in U.S. dollars and 8.5% in local currency. While we acknowledge the potential of Accenture plc (NYSE:ACN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we covered Accenture plc (NYSE:ACN) and shared the list of best edge computing stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.
Disclosure: None. This article is originally published at Insider Monkey.
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