Kevin Oram’s Praesidium Investment’s Top 5 Stock Picks

2. Pegasystems Inc. (NASDAQ:PEGA)

Oram’s Stake Value: $224,573,000

Percentage of Oram’s 13F Portfolio: 11.97%

Number of Hedge Fund Holders: 27

The second stock on our list of Kevin Oram’s Praesidium Investment’s top 5 stock picks is Pegasystems Inc. (NASDAQ:PEGA), which is an American company offering software for customer relationship management, digital process automation, and business process management. Founded in 1983 and headquartered in Cambridge, Massachusetts, Pegasystems Inc. (NASDAQ:PEGA) is traded as a Russell 1000 Index component. 

Oram’s Praesidium Investment owns about 1.61 million shares in Pegasystems Inc. (NASDAQ:PEGA), amounting to $224.57 million, and making up 11.97% of Oram’s 13F portfolio. At the end of the second quarter of 2021, 27 hedge funds in Insider Monkey’s database held stakes amounting to $2.03 billion in Pegasystems Inc. (NASDAQ:PEGA), up from 35 in the previous quarter with stakes worth over $1.73 billion. The company reported last quarter’s earnings per share of $0.23 on July 28, beating analysts’ consensus estimates of -$0.18 by $0.41.

In their Q2 2021 investor letter, Carillon Tower Advisors mentioned Pegasystems Inc. (NASDAQ:PEGA). Here is what they said: 

“Pegasystems develops software used in automating business tasks. The company’s artificial intelligence-driven recommendations for customer service contact centers is a key growth driver, and a mix shift towards cloud computing should result in a higher valuation over time. Investors have appreciated this dynamic, sending the shares higher.”