Aristotle Capital Has a Positive View on Accenture (ACN)’s Historical Success

Aristotle Capital Management, LLC, an investment management company, released its “Aristotle Core Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -17.49% at NAV, underperforming the S&P 500 Index, which returned -16.10%. The underperformance of the fund was attributed to the stock selection. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Aristotle Capital discussed stocks like Accenture plc (NYSE:ACN) in the second quarter 2022 investor letter. Based in Dublin, Ireland, Accenture plc (NYSE:ACN) is a professional service-providing company. On October 7, 2022, Accenture plc (NYSE:ACN) stock closed at $259.71 per share. One-month return of Accenture plc (NYSE:ACN) was -12.04% and its shares lost 20.46% of their value over the last 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $164.269 billion.

Here is what Aristotle Capital specifically said about Accenture plc (NYSE:ACN) in its Q2 2022 investor letter:

Accenture plc (NYSE:ACN) provides management and technology consulting services and solutions. The company delivers a range of specialized capabilities and solutions to clients across all industries and around the world. Accenture offers a portfolio of management consulting, strategy, digital, technology, interactive and business operations services to some of the leading companies and government organizations.

We see digital transformation strategies remain a key initiative for global enterprises and believe Accenture is well-positioned. The company’s IT service and solutions business has an attractive mix to capitalize on digital transformation strategies. We have a positive view on Accenture’s historical success in Mergers & Acquisitions (M&A), which supports the company’s growth through talent acquisition as well as niche technology bolt-ons.”

Accenture plc (NYSE:ACN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 61 hedge fund portfolios held Accenture plc (NYSE:ACN)  at the end of the second quarter which was 63 in the previous quarter.

We discussed Accenture plc (NYSE:ACN) in another article and shared Baron Funds’ views on the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

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