Ativo Capital Management LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,105 shares of the enterprise software provider’s stock after selling 3,340 shares during the period. Ativo Capital Management LLC’s holdings in Oracle were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in Oracle in the third quarter valued at $107,000. WESPAC Advisors SoCal LLC purchased a new position in Oracle in the third quarter valued at $119,000. ELM Advisors LLC purchased a new position in Oracle in the third quarter valued at $122,000. Kiley Juergens Wealth Management LLC increased its holdings in Oracle by 70.9% in the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after buying an additional 1,140 shares in the last quarter. Finally, Palo Capital Inc. purchased a new position in Oracle in the third quarter valued at $141,000. 50.95% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a report on Friday, September 21st. KeyCorp reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, September 12th. Credit Suisse Group reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Oracle in a report on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 target price on shares of Oracle in a research report on Tuesday, September 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $49.00 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 given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.71.
In other news, EVP Dorian Daley sold 131,696 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $47.26, for a total transaction of $177,225.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,321,814.94. The disclosure for this sale can be found here. Insiders have sold 142,946 shares of company stock worth $7,257,365 over the last ninety days. 32.00% of the stock is owned by insiders.
Shares of ORCL stock opened at $48.76 on Monday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a 12 month low of $42.57 and a 12 month high of $53.48. The stock has a market cap of $201.85 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.64 and a beta of 1.12.
Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, topping 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 company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Oracle’s quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 3.06 EPS for the current fiscal year.
Oracle announced that its board has initiated a share repurchase plan on Monday, September 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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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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