Should You Still Consider Investing in Oracle (ORCL)?

Saturna Capital, an investment management firm, published its “Sextant Funds” third-quarter 2021 investor letter – a copy of which can be downloaded here. The Investor Shares of the Sextant Growth Fund experienced an unremarkable third quarter, slipping -0.34%, compared to the S&P 500 Index gain of 0.58% and the NASDAQ Composite’s -0.22% return. The Sextant International Fund Investor Shares appreciated 4.29% in the third quarter of 2021, compared to a decline of -0.35% for the benchmark MSCI EAFE Index over the same period. The Sextant Global High Income Fund returned 0.09% for the third quarter of 2021, ending the period at $9.2 million in total net assets, with 15.75% in cash and equivalents. The Sextant Core Fund declined -1.27% in the third quarter, trailing the benchmark Dow Jones Moderate Portfolio Index, which declined -0.83% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Saturna Capital Sextant Funds, in its Q3 2021 investor letter, mentioned Oracle Corporation (NASDAQ: ORCL) and discussed its stance on the firm. Oracle Corporation is an Austin, Texas-based computer software company with a $246.1 billion market capitalization. ORCL delivered a 39.20% return since the beginning of the year, while its 12-month returns are up by 52.55%. The stock closed at $90.05 per share on December 07, 2021.

Here is what Saturna Capital Sextant Funds has to say about Oracle Corporation  in its Q3 2021 investor letter:

“Technology companies provided the greatest contribution to Fund returns. The contribution was generated over July and August, as each of the companies declined in value in September. Oracle couldn’t buck the September sell-off, but it was more resilient, shedding just over 1%, which likely has much to do with its modest valuation.”

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Based on our calculations, Oracle Corporation (NASDAQ: ORCL) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. ORCL was in 56 hedge fund portfolios at the end of the third quarter of 2021, compared to 55 funds in the previous quarter. Oracle Corporation (NASDAQ: ORCL) delivered a 1.50% return in the past 3 months.

Last week we shared another fund’s views on Oracle in another article. You can find more than 100 investor letters from hedge funds and prominent investors in our hedge fund investor letters 2021 Q3 page.

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