Artisan Partners Limited Partnership Increases Stake in Oracle Co. (ORCL)
Artisan Partners Limited Partnership lifted its holdings in Oracle Co. (NYSE:ORCL) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,661,304 shares of the enterprise software provider’s stock after purchasing an additional 584,748 shares during the quarter. Oracle accounts for approximately 1.4% of Artisan Partners Limited Partnership’s investment portfolio, making the stock its 15th biggest holding. Artisan Partners Limited Partnership owned 0.38% of Oracle worth $690,037,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Centaurus Financial Inc. acquired a new position in shares of Oracle in the first quarter valued at $106,000. Rainier Group Investment Advisory LLC acquired a new position in shares of Oracle in the first quarter valued at $106,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Oracle in the second quarter valued at $126,000. Financial Gravity Wealth Inc. acquired a new position in shares of Oracle in the first quarter valued at $130,000. Finally, Clearwater Capital Advisors LLC acquired a new position in shares of Oracle in the first quarter valued at $134,000. 53.65% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on ORCL shares. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Monday, June 25th. Credit Suisse Group set a $60.00 price objective on shares of Oracle and gave the company a “buy” rating in a report on Monday, June 18th. KeyCorp reiterated a “hold” rating on shares of Oracle in a report on Friday, June 15th. ValuEngine upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Wedbush downgraded shares of Oracle from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $49.00 in a report on Wednesday, June 20th. Fifteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $55.19.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The business had revenue of $11.26 billion for the quarter, compared to the consensus estimate of $11.17 billion. During the same period in the prior year, the company posted $0.89 earnings per share. Oracle’s revenue was up 2.9% compared to the same quarter last year. analysts predict that Oracle Co. will post 3.05 EPS for the current year.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the sale, the director now directly owns 27,969 shares in the company, valued at $1,345,029.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $46.17, for a total transaction of $173,137.50. Following the sale, the director now owns 27,969 shares in the company, valued at $1,291,328.73. The disclosure for this sale can be found here. Insiders have sold 550,500 shares of company stock worth $24,719,865 over the last quarter. Corporate insiders own 29.00% of the company’s stock.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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