Oracle Corporation (ORCL) Holdings Boosted by Afam Capital Inc.
Afam Capital Inc. raised its position in Oracle Corporation (NYSE:ORCL) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,285 shares of the enterprise software provider’s stock after buying an additional 2,352 shares during the period. Oracle accounts for about 1.0% of Afam Capital Inc.’s investment portfolio, making the stock its 25th biggest position. Afam Capital Inc.’s holdings in Oracle were worth $7,535,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ORCL. Schwab Charles Investment Management Inc. grew its holdings in Oracle by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after purchasing an additional 450,836 shares during the period. Partnervest Advisory Services LLC boosted its holdings in shares of Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after buying an additional 39 shares during the period. Lockheed Martin Investment Management Co. boosted its holdings in shares of Oracle by 125.6% in the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after buying an additional 92,500 shares during the period. Pinnacle Financial Partners Inc. boosted its holdings in shares of Oracle by 8.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after buying an additional 9,328 shares during the period. Finally, LGT Capital Partners LTD. boosted its holdings in shares of Oracle by 14.0% in the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after buying an additional 76,653 shares during the period. Hedge funds and other institutional investors own 57.70% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) traded down $0.34 during trading on Thursday, reaching $50.05. The company had a trading volume of 17,196,800 shares, compared to its average volume of 13,311,757. Oracle Corporation has a fifty-two week low of $38.30 and a fifty-two week high of $53.14. The company has a market cap of $210,301.95, a PE ratio of 19.76, a P/E/G ratio of 1.92 and a beta of 1.05. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. research analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
Several research analysts recently commented on ORCL shares. 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 report on Tuesday, September 12th. Rosenblatt Securities restated a “buy” rating and set a $58.00 target price on shares of Oracle in a report on Monday, September 11th. Canaccord Genuity started coverage on shares of Oracle in a report on Friday, October 6th. They set a “buy” rating and a $57.00 target price for the company. BTIG Research restated a “buy” rating and set a $58.00 target price on shares of Oracle in a report on Tuesday, September 19th. Finally, J P Morgan Chase & Co set a $55.00 price target on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Oracle currently has a consensus rating of “Buy” and a consensus target price of $55.14.
In related news, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The transaction was disclosed in a document filed 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 that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,776 shares of company stock worth $14,821,999. Company insiders own 29.00% of the company’s stock.
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.
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