Here’s Why Accenture (ACN) Traded Down Despite Reporting Good Results
Harding Loevner, an asset management company, released its “Global Equity Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 2.62% gross (2.52% net) in the third quarter of 2025, compared to a 7.74% return for the MSCI All Country World Index and 7.36% gain for the MSCI World Index. YTD, the strategy rose 10.61% (net) compared to 18.86% and 17.83% for the indexes. The firm highlighted in the letter that the last six months represented one of the strongest momentum phases in over 70 years. Since the beginning of the year, high-momentum stocks have outperformed low-momentum stocks by a remarkable 45 percentage points, with much of the growth driven by advancements in AI. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, Harding Loevner Global Equity Strategy highlighted stocks such as Accenture plc (NYSE:ACN). Accenture plc (NYSE:ACN) is a professional services company that provides management consulting, technology, and outsourcing services. The one-month return of Accenture plc (NYSE:ACN) was 13.06%, and its shares lost 23.81% of their value over the last 52 weeks. On December 03, 2025, Accenture plc (NYSE:ACN) stock closed at $272.85 per share, with a market capitalization of $169.945 billion.
Harding Loevner Global Equity Strategy stated the following regarding Accenture plc (NYSE:ACN) in its third quarter 2025 investor letter:
"Markets have now pinpointed various software and IT-services companies as likely victims of Al. The portfolio holds Accenture plc (NYSE:ACN), the leading global provider of IT services, with almost 800,000 employees and annual revenues of US$70 billion. There is debate over whether technological change will commoditize its business, reduce barriers to entry, and lower the margins of incumbents, or instead allow Accenture to capture new revenue streams. Management seems to recognize the significance of generative AI for its industry (dinosaurs saw the meteor, bears will say). Therefore, it's racing to modernize the business with the goal of delivering, and eventually profiting from, Al functionality across product lines. The question is whether Accenture can evolve fast enough; its progress so far is encouraging.
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