5 Long-Term Stocks to Buy

In this article, we will take a look at the top 5 stock picks of GuardCap Asset Management. To read our detailed analysis of GuardCap Asset Management’s profile, investment strategy, and 13F holdings, you can go directly to see the 10 Long-Term Stocks to Buy.

5. Accenture Plc (NYSE:ACN)

GuardCap Asset Management’s Stake Value: $544,697,974

Percentage of GuardCap Asset Management’s 13F Portfolio: 7.56%

Number of Hedge Fund Holders: 56

Based in Dublin, Ireland, Accenture Plc (NYSE:ACN) is a global professional services company with leadership positions in providing digital, cloud and security. It employs more than 733,000 people and serves clients across more than 40 industries in more than 120 countries.

On June 13, Accenture Plc (NYSE:ACN) announced a $3 billion investment over three years in its Data & AI practice to accelerate adoption and implementation of AI services. The investment includes doubling of AI talent at the company to 80,000 people through hiring, acquisitions, and training.

So far in November, Accenture Plc (NYSE:ACN) has announced agreements to acquire Solnet, a New Zealand-based IT services provider; The Shelby Group, a leading provider of digital procurement and optimization services; Innotec Security, a Spanish cybersecurity company; and completed the acquisition of ConcentricLife, healthcare marketing agency and a subsidiary of Stagwell (NASDAQ:STGW).

As of Q2 2023, Accenture Plc (NYSE:ACN) shares were owned by 56 of the 910 hedge funds tracked by Insider Monkey, for a total value of $2.1 billion. GuardCap Asset Management was the largest shareholder with ownership of 1.9 million shares valued at $576 million.