Oracle Corporation (ORCL) Holdings Reduced by Parkwood LLC
Parkwood LLC reduced its stake in Oracle Corporation (NYSE:ORCL) by 16.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,176 shares of the enterprise software provider’s stock after selling 13,783 shares during the period. Parkwood LLC’s holdings in Oracle Corporation were worth $3,519,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in ORCL. Capital Investment Advisors LLC grew its position in shares of Oracle Corporation by 1.1% during the first quarter. Capital Investment Advisors LLC now owns 78,916 shares of the enterprise software provider’s stock worth $3,520,000 after acquiring an additional 868 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Oracle Corporation by 0.9% during the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock worth $83,312,000 after acquiring an additional 17,458 shares during the last quarter. Coastline Trust Co grew its position in shares of Oracle Corporation by 0.6% during the first quarter. Coastline Trust Co now owns 72,524 shares of the enterprise software provider’s stock worth $3,235,000 after acquiring an additional 420 shares during the last quarter. Patten & Patten Inc. TN purchased a new position in shares of Oracle Corporation during the first quarter worth approximately $215,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of Oracle Corporation during the first quarter worth approximately $10,568,000. Institutional investors own 58.67% of the company’s stock.
In other Oracle Corporation news, CEO Mark V. Hurd sold 350,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total value of $17,416,000.00. Following the transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at approximately $27,561,616.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $807,831.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,817,500 shares of company stock worth $91,560,925. Insiders own 29.00% of the company’s stock.
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Oracle Corporation (NYSE:ORCL) traded down 0.11% during trading on Wednesday, hitting $52.71. The stock had a trading volume of 7,792,414 shares. The company has a market cap of $218.04 billion, a P/E ratio of 23.85 and a beta of 1.05. The company has a 50 day moving average of $49.91 and a 200-day moving average of $46.85. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $52.98.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.45 billion. During the same period in the prior year, the firm posted $0.81 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Oracle Corporation will post $2.95 EPS for the current year.
A number of equities analysts have recently issued reports on ORCL shares. Rosenblatt Securities restated a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a research report on Monday. Vetr lowered shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price on the stock. in a research report on Tuesday. Sanford C. Bernstein restated an “outperform” rating and set a $54.00 target price on shares of Oracle Corporation in a research report on Tuesday, June 13th. Moffett Nathanson started coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.63.
Oracle Corporation 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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