Oracle Corporation (ORCL) Shares Sold by Financial Counselors Inc.
Financial Counselors Inc. reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,878 shares of the enterprise software provider’s stock after selling 6,308 shares during the period. Financial Counselors Inc.’s holdings in Oracle were worth $2,802,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Oracle by 1.0% in the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after purchasing an additional 1,187,802 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Oracle by 1.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after purchasing an additional 482,220 shares during the last quarter. Harris Associates L P lifted its stake in shares of Oracle by 0.4% in the 1st quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after purchasing an additional 156,122 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Oracle by 5.8% in the 2nd quarter. Franklin Resources Inc. now owns 40,206,990 shares of the enterprise software provider’s stock valued at $2,015,961,000 after purchasing an additional 2,193,120 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Oracle by 3.8% in the 2nd quarter. Alliancebernstein L.P. now owns 23,074,042 shares of the enterprise software provider’s stock valued at $1,156,932,000 after purchasing an additional 836,413 shares during the last quarter. Institutional investors and hedge funds own 57.69% of the company’s stock.
Oracle Corporation (NYSE ORCL) traded up $0.55 during midday trading on Friday, reaching $49.61. 15,891,431 shares of the company were exchanged, compared to its average volume of 13,239,964. The company has a market capitalization of $207,050.00, 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 debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. equities analysts predict that Oracle Corporation will post 2.68 EPS for the current year.
Several equities research analysts recently issued reports on ORCL shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Monday, September 11th. Moffett Nathanson initiated coverage on shares of Oracle in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 target price on shares of Oracle in a research report on Sunday, August 27th. Finally, Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, August 18th. Eleven investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $54.85.
In related news, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the sale, the executive vice president now owns 30,977 shares of the company’s stock, valued at $1,488,444.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at $885,043.75. The disclosure for this sale can be found here. In the last three months, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is currently owned by insiders.
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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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