Guggenheim Capital LLC Has $28.05 Million Position in Oracle Co. (NYSE:ORCL)

Guggenheim Capital LLC cut its position in Oracle Co. (NYSE:ORCL) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 469,861 shares of the enterprise software provider’s stock after selling 13,632 shares during the period. Guggenheim Capital LLC’s holdings in Oracle were worth $28,051,000 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. Vanguard Group Inc. increased its position in shares of Oracle by 9.1% during the second quarter. Vanguard Group Inc. now owns 189,431,168 shares of the enterprise software provider’s stock worth $10,469,860,000 after acquiring an additional 15,843,802 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Oracle by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 34,865,028 shares of the enterprise software provider’s stock worth $1,926,989,000 after acquiring an additional 705,208 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Oracle by 109.0% during the second quarter. Nordea Investment Management AB now owns 29,962,944 shares of the enterprise software provider’s stock worth $1,650,358,000 after acquiring an additional 15,627,102 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Oracle by 1.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 21,027,854 shares of the enterprise software provider’s stock worth $1,255,363,000 after acquiring an additional 212,438 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Oracle by 260.6% during the third quarter. Great West Life Assurance Co. Can now owns 14,881,862 shares of the enterprise software provider’s stock worth $249,752,000 after acquiring an additional 10,755,354 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Shares of ORCL traded down $0.14 during mid-day trading on Monday, hitting $57.62. 240,550 shares of the stock were exchanged, compared to its average volume of 12,966,918. The firm has a 50-day moving average of $57.99 and a two-hundred day moving average of $56.27. Oracle Co. has a 52-week low of $39.71 and a 52-week high of $62.60. The company has a market cap of $173.91 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. The company has a debt-to-equity ratio of 6.68, a quick ratio of 2.66 and a current ratio of 2.66.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 10th. The enterprise software provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. Oracle had a return on equity of 85.71% and a net margin of 26.13%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the company posted $0.81 EPS. On average, sell-side analysts predict that Oracle Co. will post 3.77 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Oracle from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. UBS Group began coverage on shares of Oracle in a research report on Wednesday, October 14th. They issued a “neutral” rating and a $62.00 target price for the company. Credit Suisse Group raised their target price on shares of Oracle from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, September 11th. Societe Generale raised their target price on shares of Oracle from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Finally, Wells Fargo & Company raised their target price on shares of Oracle from $62.50 to $68.75 and gave the company an “overweight” rating in a research report on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.86.

In related news, CAO W Corey West sold 5,359 shares of Oracle stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $61.20, for a total transaction of $327,970.80. Following the transaction, the chief accounting officer now owns 115,006 shares in the company, valued at $7,038,367.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 112,500 shares of Oracle stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $60.95, for a total value of $6,856,875.00. Following the transaction, the executive vice president now owns 112,500 shares in the company, valued at approximately $6,856,875. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,673 shares of company stock valued at $7,906,167. Company insiders own 39.10% of the company’s stock.

About Oracle

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

Further Reading: Insider Trading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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