11 Best IT Stocks to Invest In According to Hedge Funds

2. Accenture (NYSE:ACN)

Number of Hedge Fund Holders: 65

Accenture (NYSE:ACN) is one of the best IT stocks to invest in according to hedge funds. On September 9, Accenture announced the acquisition of IAMConcepts, which is a privately held Canadian company specializing in identity and access management/IAM services.

This is expected to strengthen Accenture’s ability to provide advanced IAM solutions in Canada, particularly for critical infrastructure industries such as financial services, power utilities, mining, and transportation. IAMConcepts provides end-to-end IAM services, including Identity Governance and Administration, Privileged Access Management, and Customer Identity and Access Management.

The company has completed hundreds of IAM projects for some of Canada’s largest banks, as well as for leading insurance companies and critical infrastructure organizations. According to Accenture’s 2025 Research for State of Cybersecurity Resilience report, 67% of organizations still rely on outdated IAM systems, which limit their ability to support modern security requirements. This acquisition aims to address that gap.

Accenture (NYSE:ACN) provides strategy and consulting, industry X, song, and technology and operations services in North America, Europe, the Middle East, Africa, and internationally.