Top 5 Stock Picks of Nicolai Tangen’s Ako Capital

02. Accenture plc (NYSE:ACN)

Ako Capital’s Stake Value: $636.139 million

Percentage of Ako Capital’s 13F Portfolio: 8.91%

Number of Hedge Fund Holders as of Q1 2022: 63

The Irish-American corporation Accenture plc (NYSE:ACN) specializes in business consulting, information technology, and professional services. Ako Capital upped its stake in Accenture plc (NYSE:ACN) by 1% during the second quarter of 2022, holding 2.29 million shares worth $636.139 million, representing 8.91% of the total 13F portfolio.

On August 8, analyst David Koning from Baird increased his price target for Accenture plc (NYSE:ACN) from $310 to $338 while maintaining a Neutral rating on the shares. The analyst added that they disclosed a deal to buy Romp, an Indonesian brand agency with a focus on tech-driven and innovative branding and marketing. Given the strong growth, high-quality earnings, and clean balance sheet, he now sees the risk/reward as reasonable and thinks this might increase yearly revenue.