HL Financial Services LLC lowered its stake in Oracle Co. (NYSE:ORCL) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,208 shares of the enterprise software provider’s stock after selling 1,991 shares during the quarter. HL Financial Services LLC’s holdings in Oracle were worth $1,665,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Keel Point LLC raised its position in Oracle by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after acquiring an additional 14 shares during the period. Flagship Harbor Advisors LLC raised its position in Oracle by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after acquiring an additional 35 shares during the period. Hudock Capital Group LLC raised its position in Oracle by 1.6% in the second quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock worth $203,000 after acquiring an additional 65 shares during the period. Highland Private Wealth Management raised its position in Oracle by 0.7% in the second quarter. Highland Private Wealth Management now owns 9,660 shares of the enterprise software provider’s stock worth $485,000 after acquiring an additional 70 shares during the period. Finally, Calamos Wealth Management LLC raised its position in Oracle by 0.4% in the second quarter. Calamos Wealth Management LLC now owns 19,893 shares of the enterprise software provider’s stock worth $997,000 after acquiring an additional 73 shares during the period. Institutional investors own 58.03% of the company’s stock.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total transaction of $186,225.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,956,250 shares of company stock worth $98,316,475. 29.00% of the stock is currently owned by insiders.
Shares of Oracle Co. (NYSE:ORCL) opened at $52.90 on Tuesday. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The stock has a market cap of $219,274.72, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $53.44.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. Oracle’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. equities research analysts predict that Oracle Co. will post 2.68 earnings per share for the current year.
Oracle declared that its Board of Directors has approved a share repurchase program on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
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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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