Goldman Sachs Value Stocks: Top 12 Stock Picks

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7. Accenture plc (NYSE:ACN)

Goldman Sachs’ Q4 2024 Stake Value: $2,305,571,920

P/E Ratio as of April 11: 23.20

Number of Hedge Fund Holders: 79

Accenture plc (NYSE:ACN) is a global professional services company based in Dublin, Ireland. The company offers services like AI, cybersecurity, software development, and automation across many industries like tech, finance, healthcare, retail, and energy. At the end of the December quarter, Goldman Sachs held 5.71 million shares of Accenture plc (NYSE:ACN) valued at $2.30 billion, making it one of the top Goldman Sachs value stocks to consider.

On March 25, BMO Capital Markets reiterated a Market Perform rating on Accenture plc (NYSE:ACN) with a $355 price target. Analyst Keith Bachman believes ACN’s current outlook is solid, but he does not expect any big jumps in the stock for now.

In the second quarter of fiscal year 2025, Accenture plc (NYSE:ACN) announced new bookings of $20.9 billion, with revenue of $16.7 billion, up 5% in US dollars and 8.5% in local currency. The company’s free cash flow came in at $2.68 billion. ACN also announced a quarterly cash dividend of $1.48 per share, up 15%, and repurchased or redeemed 4 million shares worth $1.4 billion.

According to Insider Monkey’s fourth quarter database, 79 hedge funds were bullish on Accenture plc (NYSE:ACN), up from 60 funds in the prior quarter. David Blood and Al Gore’s Generation Investment Management was a significant position holder in the company, with 2.49 million shares worth nearly $876 million.

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