Cpwm LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,625 shares of the enterprise software provider’s stock after acquiring an additional 1,001 shares during the period. Cpwm LLC’s holdings in Oracle were worth $833,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Acrospire Investment Management LLC grew its stake 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 valued at $100,000 after buying an additional 1,800 shares during the period. Tarbox Family Office Inc. grew its stake 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 valued at $110,000 after buying an additional 965 shares during the period. Wealthcare Advisory Partners LLC grew its stake 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 valued at $118,000 after buying an additional 2,436 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $126,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $133,000. Hedge funds and other institutional investors own 58.03% of the company’s stock.
Oracle Co. (NYSE ORCL) opened at $52.27 on Friday. Oracle Co. has a 1 year low of $43.60 and a 1 year high of $53.48. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The company has a market cap of $216,480.00, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.00 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, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. Oracle’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. sell-side analysts forecast that Oracle Co. will post 2.68 earnings per share for the current year.
Oracle announced that its board has approved a share repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
Several analysts have recently commented on the company. JPMorgan Chase & Co. set a $55.00 target price on Oracle and gave the company a “buy” rating in a research note on Monday, December 18th. Nomura assumed coverage on Oracle in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 target price for the company. Vetr upgraded Oracle from a “hold” rating to a “buy” rating and set a $51.77 target price for the company in a research note on Monday, February 5th. OTR Global downgraded Oracle to a “positive” rating in a research note on Friday, March 9th. Finally, Royal Bank of Canada set a $51.00 target price on Oracle and gave the company a “neutral” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the company. Oracle has a consensus rating of “Buy” and a consensus target price of $56.38.
In related news, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction that occurred on 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 sale, the insider now owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total transaction of $186,225.00. The disclosure for this sale can be found here. Insiders sold a total of 1,952,500 shares of company stock worth $98,134,975 in the last ninety days. 29.00% of the stock is currently owned by insiders.
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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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