Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 61.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,493,488 shares of the enterprise software provider’s stock after selling 3,993,239 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Oracle worth $128,564,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Oracle in the 3rd quarter worth $107,000. WESPAC Advisors SoCal LLC acquired a new position in Oracle in the 3rd quarter worth $119,000. ELM Advisors LLC acquired a new position in Oracle in the 3rd quarter worth $122,000. Palo Capital Inc. acquired a new position in Oracle in the 3rd quarter worth $141,000. Finally, Kiley Juergens Wealth Management LLC lifted its holdings in Oracle by 70.9% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after buying an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 50.95% of the company’s stock.
Shares of NYSE:ORCL opened at $47.90 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two week high of $53.48. The stock has a market cap of $199.49 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.12.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 3.06 earnings per share for the current fiscal year.
Oracle declared that its board has initiated a share repurchase plan on Monday, September 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase up to 5.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Societe Generale set a $50.00 target price on shares of Oracle and gave the stock a “neutral” rating in a research report on Tuesday, August 14th. Needham & Company LLC assumed coverage on shares of Oracle in a research report on Monday, October 22nd. They issued a “hold” rating for the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research report on Tuesday, September 18th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $55.00 target price on shares of Oracle in a research report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.71.
In other Oracle news, EVP Dorian Daley sold 131,696 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the completion of the transaction, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at approximately $5,582,691.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,382,227.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,946 shares of company stock valued at $7,257,365. Insiders own 32.00% of the company’s stock.
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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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