Private Advisor Group LLC Boosts Stake in Oracle Corporation (ORCL)
Private Advisor Group LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 11.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 100,194 shares of the enterprise software provider’s stock after purchasing an additional 10,588 shares during the quarter. Private Advisor Group LLC’s holdings in Oracle Corporation were worth $4,459,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Reilly Financial Advisors LLC boosted its position in shares of Oracle Corporation by 8.7% during the 1st quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after acquiring an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares in the last quarter. Heritage Trust Co acquired a new position in Oracle Corporation in the first quarter valued at about $130,000. Finally, Clean Yield Group acquired a new position in Oracle Corporation in the first quarter valued at about $131,000. Institutional investors own 58.67% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) traded up 0.27% on Wednesday, hitting $51.07. 4,026,571 shares of the stock were exchanged. The company has a market cap of $211.26 billion, a price-to-earnings ratio of 23.11 and a beta of 1.05. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The company has a 50 day moving average of $49.76 and a 200 day moving average of $46.54. Oracle Corporation also saw unusually large options trading on Monday. Investors bought 14,350 call options on the company. This is an increase of approximately 101% compared to the average daily volume of 7,148 call options.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post $2.95 earnings per share for the current year.
In related news, Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the completion of the sale, the director now owns 63,985 shares of the company’s stock, valued at $3,183,253.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the sale, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock valued at $91,560,925 in the last ninety days. 29.00% of the stock is currently owned by insiders.
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A number of equities analysts have commented on ORCL shares. Societe Generale lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and reduced their price target for the company from $51.00 to $50.00 in a research report on Thursday, May 11th. Vetr upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Thursday, May 11th. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, May 16th. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a research report on Friday, May 19th. Finally, Canaccord Genuity restated a “buy” rating and issued a $49.00 price target on shares of Oracle Corporation in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $51.47.
Oracle Corporation 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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