Is it a Smart Move to Invest in Accenture (ACN)?

Polen Capital, an investment management firm, published its “Polen Global Growth” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly gross return of -3.03% was delivered by the fund for the third quarter of 2021, versus the MSCI AllCountry World Index (the “Index”)’s return of -1.06% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Polen Global Growth, in its Q3 2021 investor letter, mentioned Accenture plc (NYSE: ACN) and discussed its stance on the firm. Alphabet Inc. is a Dublin, Ireland-based multinational professional services company with a $235.4 market capitalization. ACN delivered a 41.95% return since the beginning of the year, while its 12-month returns are up by 52.46%. The stock closed at $370.78 per share on November 17, 2021.

Here is what Polen Global Growth has to say about Accenture plc  in its Q3 2021 investor letter:

“Accenture continue to perform well as the business has grown through the pandemic. Accenture has benefited as businesses around the world have sought a trusted partner to enable their digital transformation. Those leading in the new world are accelerating investment, while those lagging are investing to close the gap. These are two great examples of the pandemic accelerating trends that were already in motion, making leaders more resilient.”

Photo by Ronnie Overgoor on Unsplash

Based on our calculations, Accenture plc (NYSE: ACN) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. ACN was in 52 hedge fund portfolios at the end of the first half of 2021, compared to 48 funds in the previous quarter. Accenture plc (NYSE: ACN) delivered a 12.96% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.