Is it a Smart Choice to Invest in Oracle Corporation (ORCL)?

ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” third quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Large Cap Value Strategy outperformed its Russell 1000 Value Index benchmark during the third quarter. On an absolute basis, the Strategy had gains in six of 11 sectors in which it was invested for the quarter. The strongest contributions came from the financials and consumer discretionary sectors. The industrials, materials, and health care sectors were the main detractors. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

ClearBridge Large Cap Value Strategy, 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 $234.7 billion market capitalization. ORCL delivered a 0.79% return since the beginning of the year, while its 12-month returns are up by 37.88%. The stock closed at $87.90 per share on January 03, 2022

Here is what ClearBridge Large Cap Value Strategy has to say about Oracle Corporation  in its Q3 2021 investor letter:

“While the information technology (IT) sector in the benchmark stalled amid rising rates, our holdings outperformed in relative terms, helped in part by a strong quarter from Oracle, the dominant provider of on-premise database software for large enterprises globally and an increasingly viable cloud competitor. Solid quarterly results, raised guidance, healthy underlying metrics and an attractive valuation contributed to strong performance during the period.”

Oracle ORCL

Ken Wolter/

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 -1.52% return in the past 3 months.

Earlier this year, we also shared another hedge fund’s views on ORCL in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

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