Investment House LLC raised its stake in Oracle Co. (NYSE:ORCL) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 104,461 shares of the enterprise software provider’s stock after purchasing an additional 3,450 shares during the quarter. Investment House LLC’s holdings in Oracle were worth $4,939,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Acrospire Investment Management LLC increased its holdings in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors increased its holdings in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the last quarter. Tarbox Family Office Inc. increased its holdings in shares of Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 965 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after buying an additional 2,436 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Oracle in the 4th quarter worth about $126,000. Institutional investors own 57.26% of the company’s stock.
In other news, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $877,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,956,250 shares of company stock valued at $98,316,475. Company insiders own 29.00% of the company’s stock.
Shares of Oracle Co. (NYSE ORCL) opened at $52.97 on Friday. Oracle Co. has a 52-week low of $42.35 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The stock has a market cap of $219,274.72, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts anticipate that Oracle Co. will post 2.68 earnings per share for the current year.
Oracle announced that its board has approved a stock repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
A number of analysts have recently weighed in on the stock. OTR Global downgraded shares of Oracle to a “positive” rating in a report on Friday. Cleveland Research downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Credit Suisse Group restated a “buy” rating and issued a $62.00 target price on shares of Oracle in a report on Sunday, February 18th. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 target price on the stock. in a report on Thursday, February 15th. Finally, ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.38.
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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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