Aristotle Capital Management, LLC, an investment management company, released the “Aristotle Core Equity Fund” in the second quarter 2022 investor letter. A copy of it can be downloaded here. In the second quarter, the fund returned -17.49% in NAV, underperforming the S&P 500 Index, which returned -16.10%. The fund’s poor performance was attributed to stock selection. In addition, you can review the fund’s top 5 holdings to find out 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 services company. On October 7, 2022, Accenture plc (NYSE:ACN) stock closed at $259.71 per share. Accenture plc (NYSE:ACN)’s one-month return is -12.04% and its shares have lost 20.46% of their value over the past 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $164.269 billion.
Here’s 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 in 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 world’s leading companies and government organizations.
We see digital transformation strategies remaining 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 leverage digital transformation strategies. We have a positive view of Accenture’s historic success in Mergers & Acquisitions (M&A), supporting the company’s growth through talent acquisition as well as niche technology bolt-ons.”
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Accenture plc (NYSE:ACN) was not on our list of the 30 Most Popular Stocks in Hedge Funds. According to our database, 61 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the second quarter up from 63 last quarter.
We discussed Accenture plc (NYSE:ACN) in another article and shared Baron Funds’ views on the company. In addition, please see 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 was originally published on Insider Monkey.