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

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)