Schafer Cullen Capital Management Inc. lessened its stake in shares of Oracle Corporation (NYSE:ORCL) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,475 shares of the enterprise software provider’s stock after selling 30,970 shares during the quarter. Schafer Cullen Capital Management Inc.’s holdings in Oracle were worth $6,291,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC lifted its position in shares of Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors lifted its position in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the last quarter. TrimTabs Asset Management LLC lifted its position in shares of Oracle by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Oracle during the 2nd quarter worth about $129,000. Finally, Heritage Trust Co acquired a new position in shares of Oracle during the 1st quarter worth about $130,000. Institutional investors own 57.70% of the company’s stock.
ORCL has been the subject of several research analyst reports. Vetr cut Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 price objective for the company. in a research report on Tuesday, September 12th. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of Oracle in a research report on Monday, September 11th. Canaccord Genuity initiated coverage on Oracle in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price objective for the company. BTIG Research reissued a “buy” rating and set a $58.00 price objective on shares of Oracle in a research report on Tuesday, September 19th. Finally, J P Morgan Chase & Co set a $55.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.05.
Shares of Oracle Corporation (NYSE ORCL) traded down $0.08 on Wednesday, hitting $50.39. The stock had a trading volume of 17,463,900 shares, compared to its average volume of 13,295,502. The firm has a market cap of $210,635.83, a PE ratio of 19.79, a PEG ratio of 1.92 and a beta of 1.05. Oracle Corporation has a fifty-two week low of $38.30 and a fifty-two week high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. Oracle’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
In other Oracle news, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is owned by corporate insiders.
Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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