Columbia Asset Management Acquires 1,000 Shares of Oracle Corporation (ORCL)
Columbia Asset Management lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,024 shares of the enterprise software provider’s stock after purchasing an additional 1,000 shares during the period. Columbia Asset Management’s holdings in Oracle were worth $1,605,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Burt Wealth Advisors increased its stake in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Oracle by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares during the period. TrimTabs Asset Management LLC grew its stake in Oracle by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Baystate Wealth Management LLC grew its stake in Oracle by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Oracle in the 2nd quarter worth approximately $129,000. 57.69% of the stock is owned by institutional investors and hedge funds.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $912,593.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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. Insiders sold a total of 305,776 shares of company stock worth $14,821,999 in the last quarter. 29.00% of the stock is currently owned by company insiders.
Oracle Corporation (NYSE ORCL) opened at $49.61 on Friday. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The firm has a market cap of $204,751.22, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.87 and a beta of 1.05. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
ORCL has been the subject of several recent analyst reports. BidaskClub cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. 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. ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 target price for the company. in a research note on Sunday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Oracle has an average rating of “Buy” and a consensus target price of $54.85.
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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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