Here’s Why Accenture (ACN) Traded Down Despite Reporting Good Results

Group 1 - Harding Loevner's Global Equity Strategy reported a gross return of 2.62% and a net return of 2.52% for Q3 2025, underperforming the MSCI All Country World Index and MSCI World Index, which returned 7.74% and 7.36% respectively [1] - Year-to-date, the strategy has risen 10.61% net, compared to 18.86% for the MSCI All Country World Index and 17.83% for the MSCI World Index [1] - The last six months have been characterized as one of the strongest momentum phases in over 70 years, with high-momentum stocks outperforming low-momentum stocks by 45 percentage points, largely driven by advancements in AI [1] Group 2 - Accenture plc (NYSE:ACN) was highlighted as a key stock, with a one-month return of 13.06% and a 52-week loss of 23.81% [2] - As of December 3, 2025, Accenture's stock closed at $272.85 per share, with a market capitalization of $169.945 billion [2] - The company is recognized as a leading global provider of IT services, employing nearly 800,000 people and generating annual revenues of $70 billion [3] Group 3 - There is ongoing debate regarding the impact of technological change on Accenture's business, with concerns about potential commoditization and reduced margins versus opportunities for new revenue streams [3] - Management acknowledges the importance of generative AI and is focused on modernizing the business to integrate AI functionality across product lines [3] - The company's progress in adapting to these changes has been described as encouraging, raising questions about its ability to evolve quickly enough [3]