Oracle Co. (ORCL) Shares Sold by Middleton & Co Inc MA
Middleton & Co Inc MA trimmed its holdings in Oracle Co. (NYSE:ORCL) by 4.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 39,143 shares of the enterprise software provider’s stock after selling 1,985 shares during the period. Middleton & Co Inc MA’s holdings in Oracle were worth $1,851,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors boosted its stake in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after buying an additional 947 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after buying an additional 2,436 shares during the last quarter. Finally, ETF Managers Group LLC acquired a new stake in Oracle in the 2nd quarter worth about $133,000. 58.36% of the stock is currently owned by hedge funds and other institutional investors.
ORCL has been the topic of a number of research reports. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, November 15th. UBS Group restated a “neutral” rating and issued a $55.00 price objective (down from $57.00) on shares of Oracle in a report on Thursday, November 9th. Vetr downgraded Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective on the stock. in a report on Monday, November 20th. Royal Bank of Canada set a $53.00 price objective on Oracle and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Drexel Hamilton restated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.38.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the business earned $0.61 EPS. Oracle’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts anticipate that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle declared that its Board of Directors has approved a stock repurchase program on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $877,250. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the transaction, the insider now owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. Insiders have sold a total of 1,956,250 shares of company stock worth $98,316,475 over the last 90 days. 29.00% of the stock is owned by company insiders.
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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