Courier Capital LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,810 shares of the enterprise software provider’s stock after selling 199 shares during the quarter. Courier Capital LLC’s holdings in Oracle were worth $3,500,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Burt Wealth Advisors lifted its holdings in shares of Oracle by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in shares of Oracle by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oracle in the second quarter worth about $129,000. TrimTabs Asset Management LLC lifted its holdings in shares of Oracle by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of Oracle by 17.4% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock worth $135,000 after acquiring an additional 400 shares during the last quarter. 57.70% of the stock is owned by institutional investors and hedge funds.
In related 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 legal filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $885,043.75. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,821,999 over the last 90 days. Company insiders own 29.00% of the company’s stock.
Oracle Corporation (ORCL) traded up $0.43 during trading on Thursday, hitting $48.42. The company’s stock had a trading volume of 12,974,399 shares, compared to its average volume of 13,259,975. The company has a market cap of $200,285.59, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. Oracle Corporation has a 52-week low of $38.30 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. sell-side analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on ORCL shares. Royal Bank Of Canada upped their price objective on Oracle to $53.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Investment Research downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research note on Tuesday, November 21st. Vetr downgraded Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective for the company. in a research note on Monday, November 20th. Finally, UBS reaffirmed a “neutral” rating and issued a $55.00 price objective (down previously from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Twelve analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.77.
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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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