Profund Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 11.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,450 shares of the enterprise software provider’s stock after purchasing an additional 10,894 shares during the period. Profund Advisors LLC’s holdings in Oracle were worth $4,687,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Centaurus Financial Inc. acquired a new stake in shares of Oracle during the 1st quarter worth approximately $106,000. Tarbox Family Office Inc. boosted its position in shares of Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $126,000. Finally, Clearwater Capital Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $134,000. Hedge funds and other institutional investors own 56.34% of the company’s stock.
ORCL opened at $48.45 on Wednesday. Oracle Co. has a twelve month low of $44.04 and a twelve month high of $53.48. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. The firm has a market cap of $199.49 billion, a PE ratio of 19.46, a PEG ratio of 1.63 and a beta of 1.15.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. Oracle’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. research analysts anticipate that Oracle Co. will post 2.78 earnings per share for the current fiscal year.
Several analysts recently issued reports on ORCL shares. Morgan Stanley reiterated a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. Credit Suisse Group reissued a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research note on Sunday, February 18th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $55.00 price objective on shares of Oracle in a research note on Tuesday, March 20th. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, March 23rd. Finally, TheStreet downgraded shares of Oracle from a “b+” rating to a “c+” rating in a research note on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $56.24.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $52.19, for a total value of $195,712.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $945,943.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Kurian sold 137,843 shares of the firm’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $46.13, for a total transaction of $6,358,697.59. Following the completion of the sale, the insider now owns 160,826 shares of the company’s stock, valued at $7,418,903.38. The disclosure for this sale can be found here. Insiders sold 2,557,015 shares of company stock valued at $117,480,315 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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