In this article, we discuss Kevin Oram’s Praesidium Investment’s Top 5 Stock Picks. If you want to read our detailed analysis of these stocks, go directly to Kevin Oram’s Praesidium Investment’s Top Stock Picks: ServiceNow, Wix, and More.
5. ServiceNow Inc. (NYSE:NOW)
Oram’s Stake Value: $186,757,000
Percentage of Oram’s 13F Portfolio: 9.96%
Number of Hedge Fund Holders: 91
The fifth stock on our list of Kevin Oram’s Praesidium Investment’s top 5 stock picks is ServiceNow Inc. (NYSE:NOW), which is an American software company offering cloud based platforms that help enterprise level firms manage their business operations effectively.
Oram’s Praesidium Investment owns 339,836 shares in ServiceNow Inc. (NYSE:NOW), amounting to $186.6 million, and making up 9.96% of Oram’s 13F portfolio. At the end of the second quarter of 2021, 91 hedge funds in Insider Monkey’s database held stakes amounting to $7.01 billion in ServiceNow Inc. (NYSE:NOW), up from 98 in the previous quarter with stakes worth over $6.13 billion. The company reported last quarter’s earnings per share of $1.42 on July 28, beating analysts’ consensus estimates of $1.21 by $0.21.
Palm Capital mentioned ServiceNow Inc. (NYSE:NOW) in their Q1 2021 investor letter. Here is what they said:
“ServiceNow provides software solutions to structure and automate various tasks and processes for large businesses. The company began in 2004 with a solution to help businesses manage the IT services they offer employees and customers. Unlike the existing solutions in the market, ServiceNow’s offering was built using modern architecture that was flexible, modular, and user-friendly. And it left the incumbents – large companies such as BMC, IBM and MicroFocus – playing catch up.
As the company grew to dominate this market, it saw the opportunity to expand its offering to include the broader task of IT Operations Management – or the monitoring and control of an entire business’s IT infrastructure. And over time its success in improving productivity and user experience in IT resulted in customers asking the company to expand its offering into other business workflows including HR Management and Customer Services – which it has since done…” (Click here to see the full text)
4. Masonite International Corp (NYSE:DOOR)
Oram’s Stake Value: $189,837,000
Percentage of Oram’s 13F Portfolio: 10.12%
Number of Hedge Fund Holders: 24
Masonite International Corp (NYSE:DOOR) is the fourth stock on our list of Kevin Oram’s Praesidium Investment’s top 5 stock picks. Masonite International Corp (NYSE:DOOR) designs, manufactures, and distributes doors to residential and commercial construction companies. It has served thousands of customers across 60 countries.
Oram’s Praesidium Investment owns about 1.69 million shares in Masonite International Corp (NYSE:DOOR), amounting to $189.84 million, and making up 10.12% of Oram’s 13F portfolio. At the end of the second quarter of 2021, 24 hedge funds in Insider Monkey’s database held stakes amounting to $309.9 million in Masonite International Corp (NYSE:DOOR), down from 31 in the previous quarter with stakes worth over $405.86 million. The company reported last quarter’s earnings per share of $2.23 on August 9, beating analysts’ consensus estimates of $2.12 by $0.11.
3. Resideo Technologies Inc. (NYSE:REZI)
Oram’s Stake Value: $224,113,000
Percentage of Oram’s 13F Portfolio: 11.95%
Number of Hedge Fund Holders: 28
The third stock on our list of Kevin Oram’s Praesidium Investment’s top 5 stock picks is Resideo Technologies Inc. (NYSE:REZI), which is a mega-company providing home solution including thermostats, security, and water management systems, among others. Resideo Technologies Inc. (NYSE:REZI) offers the Honeywell Home products that have served more than 150 million homes and have a strong legacy of trust and customer satisfaction.
Oram’s Praesidium Investments own about 7.47 million shares in Resideo Technologies Inc. (NYSE:REZI), amounting to $224.1 million, and making up 11.95% of Oram’s 13F portfolio. At the end of the second quarter of 2021, 28 hedge funds in Insider Monkey’s database held stakes amounting to $682.95 million in Resideo Technologies Inc. (NYSE:REZI), up from 27 in the previous quarter with stakes worth over $666.84 million. The company reported last quarter’s earnings per share of $0.39 on August 5, beating analysts’ consensus estimates of $0.31 by $0.08.
In their Q1 2021 investor letter, ClearBridge Investments mentioned Resideo Technologies Inc. (NYSE:REZI). Here is what they said:
“More recent additions Resideo Technologies, a distributor of comfort, safety and energy efficiency products for the home are benefiting from new management teams better at allocating capital, optimizing manufacturing and improving procurement. The company has a strong opportunity to improve returns, which should lead to improved earnings and multiples.”
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.”
1. Ptc Inc. (NASDAQ:PTC)
Oram’s Stake Value: $244,940,000
Percentage of Oram’s 13F Portfolio: 13.06%
Number of Hedge Fund Holders: 31
The stock that is placed first on our list of Kevin Oram’s Praesidium Investment’s top 5 stock picks is Ptc Inc. (NASDAQ:PTC), which is yet another American software company whose core services include internet of things (IoT), augmented reality, and collaboration software. The company was founded in Boston, Massachusetts in 1985, and has offices across 30 countries. Ptc Inc. (NASDAQ:PTC) is traded as a S&P 500 component.
Oram’s Praesidium Investment owns about 1.73 million shares in Ptc Inc. (NASDAQ:PTC), amounting to $244.94 million, and making up 13.06% of Oram’s 13F portfolio. At the end of the second quarter of 2021, 31 hedge funds in Insider Monkey’s database held stakes amounting to $1.96 billion in Ptc Inc. (NASDAQ:PTC), up from 33 in the previous quarter with stakes worth over $1.77 billion. The company reported last quarter’s earnings per share of $0.83 on July 28, beating analysts’ consensus estimates of $0.62 by $0.21.
You can also take a look at 11 Best Growth Stocks To Buy According To Ray Dalio and 10 Chinese Stocks to Buy According to Jonathan Guo’s Yiheng Capital.
