Miles Capital Inc. increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,400 shares of the enterprise software provider’s stock after purchasing an additional 220 shares during the quarter. Miles Capital Inc.’s holdings in Oracle were worth $321,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Morningstar Investment Services LLC lifted its stake in Oracle by 0.8% in the first quarter. Morningstar Investment Services LLC now owns 1,122,953 shares of the enterprise software provider’s stock valued at $50,095,000 after acquiring an additional 9,398 shares during the last quarter. DE Burlo Group Inc. acquired a new stake in Oracle in the first quarter valued at approximately $205,000. Allegis Investment Advisors LLC lifted its stake in Oracle by 172.5% in the first quarter. Allegis Investment Advisors LLC now owns 17,767 shares of the enterprise software provider’s stock valued at $793,000 after acquiring an additional 11,248 shares during the last quarter. Lincoln National Corp lifted its stake in Oracle by 6.3% in the first quarter. Lincoln National Corp now owns 9,422 shares of the enterprise software provider’s stock valued at $420,000 after acquiring an additional 555 shares during the last quarter. Finally, Thomaspartners Inc. lifted its stake in Oracle by 9.5% in the first quarter. Thomaspartners Inc. now owns 4,337,983 shares of the enterprise software provider’s stock valued at $193,517,000 after acquiring an additional 374,570 shares during the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.

ORCL has been the subject of a number of analyst reports. Vetr cut shares of Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 target price for the company. in a research note on Tuesday, September 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle in a research note on Monday, September 11th. Canaccord Genuity initiated coverage on shares of Oracle in a research note on Friday, October 6th. They issued a “buy” rating and a $57.00 target price for the company. BTIG Research reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle in a research note on Tuesday, September 19th. Finally, Moffett Nathanson initiated coverage on shares of Oracle in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $55.04.

Shares of Oracle Corporation (NYSE ORCL) traded up $0.67 during trading on Monday, reaching $50.27. 3,974,260 shares of the company’s stock traded hands, compared to its average volume of 13,267,127. The company has a market cap of $207,004.89, a price-to-earnings ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 12-month low of $38.30 and a 12-month high of $53.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business’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 EPS. sell-side analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.

In other news, Director George H. Conrades sold 11,250 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $48.10, for a total value of $541,125.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at approximately $481,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This report was first published by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.dailypolitical.com/2017/12/11/miles-capital-inc-boosts-position-in-oracle-corporation-orcl.html.

Oracle Company 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.