In the financial blogosphere, there are many analytical tools for Oracle Corporation (NASDAQ:ORCL) readers to watch, but it’s important to be aware of a stock’s hedge fund managers. A way we can use is: (a) the consensus number of hedge fund managers that are optimistic about a particular company, plus (b) which specific managers are long.
More smart money interest typically means what you’d think: the top minds on Wall Street have grown more fond of the stock.
Within our database, it is not a secret that we watch the smart money’s sentiment, but it is very important to parse this data into the highest-tier of money managers. For traders looking for a market-beating piggybacking strategy, discover the details of our premium strategy.
Without further ado, let’s take a gander at the key data swirling around Oracle Corporation (NASDAQ:ORCL).
Studying the most recent 13F hedge fund data, which is reported each quarter, we can discover that Oracle Corporation (NASDAQ:ORCL) has a select group of funds invested.
After analyzing the latest batch of 13Fs, Harris Associates, managed by Natixis Global Asset Management, holds the most valuable position in Oracle Corporation (NASDAQ:ORCL). Harris Associates has a $287.8 million position in the stock, comprising 3.2% of its 13F portfolio. Coming in second is Boykin Curry of Eagle Capital Management, with a $287.1 million position; 6.2% of its 13F portfolio is allocated to the company. Other hedgies with a similar level of optimism include Matt McLennan’s First Eagle Investment Management, Donald Yacktman’s Yacktman Asset Management and Ken Fisher’s Fisher Asset Management.
Also, insider buying is particularly usable when the company in focus has seen transactions within the past half-year. Over the last six-month time frame, Oracle Corporation (NASDAQ:ORCL) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Oracle Corporation (NASDAQ:ORCL). These stocks are Intuit Inc. (NASDAQ:INTU), Adobe Systems Incorporated (NASDAQ:ADBE), salesforce.com, inc. (NYSE:CRM), Microsoft Corporation (NASDAQ:MSFT), and SAP AG (ADR) (NYSE:SAP). All of these stocks are in the application software industry and their market caps are closest to ORCL’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Intuit Inc. (NASDAQ:INTU)||32||0||0|
|Adobe Systems Incorporated (NASDAQ:ADBE)||34||0||0|
|salesforce.com, inc. (NYSE:CRM)||45||0||0|
|Microsoft Corporation (NASDAQ:MSFT)||95||0||0|
|SAP AG (ADR) (NYSE:SAP)||12||0||0|
This duo of figures–insider trading information and hedge fund data–are something all readers should account for. These metrics provide lots of market beating opportunities if you know where to look.