Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,887 shares of the enterprise software provider’s stock after acquiring an additional 5,372 shares during the quarter. Oracle makes up approximately 0.9% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 26th largest holding. Analyst IMS Investment Management Services Ltd.’s holdings in Oracle were worth $2,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Centaurus Financial Inc. bought a new position in Oracle during the first quarter valued at approximately $106,000. Tarbox Family Office Inc. grew its holdings in Oracle by 71.1% during the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 965 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the last quarter. Cerebellum GP LLC acquired a new position in Oracle during the fourth quarter valued at approximately $126,000. Finally, Field & Main Bank acquired a new position in Oracle during the fourth quarter valued at approximately $135,000. 56.43% of the stock is currently owned by hedge funds and other institutional investors.

Oracle stock opened at $46.72 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 4.30. Oracle Co. has a 1 year low of $43.74 and a 1 year high of $53.48. The stock has a market cap of $191.50 billion, a PE ratio of 18.76, a P/E/G ratio of 1.71 and a beta of 1.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the firm earned $0.69 EPS. Oracle’s quarterly revenue was up 5.4% compared to the same quarter last year. equities analysts forecast that Oracle Co. will post 2.76 EPS for the current year.

Oracle declared that its Board of Directors has initiated a stock buyback plan on Friday, February 2nd that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $52.19, for a total value of $195,712.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $945,943.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $45.95, for a total value of $5,743,750.00. Following the completion of the transaction, the executive vice president now owns 161,954 shares of the company’s stock, valued at $7,441,786.30. The disclosure for this sale can be found here. Insiders sold a total of 2,557,015 shares of company stock valued at $117,480,315 over the last quarter. 29.00% of the stock is owned by insiders.

Several equities analysts have commented on ORCL shares. Morgan Stanley reiterated a “buy” rating on shares of Oracle in a report on Sunday, March 18th. Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $51.77 price objective on the stock in a research note on Monday, February 5th. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Credit Suisse Group reiterated a “buy” rating and set a $62.00 price target on shares of Oracle in a research note on Sunday, February 18th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $55.00 price objective on shares of Oracle in a report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $56.30.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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