Private Advisor Group LLC reduced its stake in Oracle Corporation (NYSE:ORCL) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,158 shares of the enterprise software provider’s stock after selling 2,036 shares during the quarter. Private Advisor Group LLC’s holdings in Oracle were worth $4,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Joel Isaacson & Co. LLC raised its stake in shares of Oracle by 0.3% during the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after acquiring an additional 24 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Oracle by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after acquiring an additional 35 shares in the last quarter. Partnervest Advisory Services LLC raised its stake in shares of Oracle by 0.6% during the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares in the last quarter. Pointe Capital Management LLC raised its stake in shares of Oracle by 0.4% during the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock worth $524,000 after acquiring an additional 45 shares in the last quarter. Finally, Bell Bank raised its stake in shares of Oracle by 0.9% during the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after acquiring an additional 57 shares in the last quarter. 57.69% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director George H. Conrades sold 56,250 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the sale, the director now owns 66,250 shares in the company, valued at approximately $3,196,562.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is currently owned by company insiders.

Several research analysts have commented on ORCL shares. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price target on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 target price on shares of Oracle in a research note on Sunday, August 27th. BidaskClub raised shares of Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Finally, ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Eleven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $54.85.

Oracle Corporation (NYSE:ORCL) traded down $0.67 during trading hours on Wednesday, reaching $48.34. 5,598,169 shares of the company traded hands, compared to its average volume of 13,173,839. The company has a market capitalization of $204,130.00, a PE ratio of 19.22, a P/E/G ratio of 1.87 and a beta of 1.07. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

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Oracle 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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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