5 Best European Dividend Stocks to Buy

3. Accenture Plc (NYSE:ACN)

Number of Hedge Fund Investors: 55

Tech services company Accenture Plc (NYSE:ACN) in September increased its dividend by 15.2%.

A total of 55 hedge funds tracked by Insider Monkey had stakes in Accenture Plc (NYSE:ACN).

ClearBridge Multi Cap Growth Strategy made the following comment about Accenture plc (NYSE:ACN) in its Q2 2023 investor letter:

“While the ClearBridge Multi Cap Growth Strategy has limited mega cap exposure, which has been a recent headwind to relative performance, we own several companies that stand to benefit from the explosive growth in generative AI. These holdings play key roles in building out the necessary infrastructure and helping customers leverage capabilities enabled by this emerging technology

Accenture plc (NYSE:ACN), a business and IT services consultant, will be instrumental in helping enterprises reinvent and modernize their IT architecture for AI. The company recently announced a $3 billion investment, which includes doubling their data and AI workforce to 80,000 to address this growing opportunity.”