Sandy Spring Bank reduced its holdings in Oracle Co. (NYSE:ORCL) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,164 shares of the enterprise software provider’s stock after selling 3,185 shares during the quarter. Sandy Spring Bank’s holdings in Oracle were worth $3,529,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ORCL. Motley Fool Asset Management LLC raised its stake in Oracle by 23.1% in the 3rd quarter. Motley Fool Asset Management LLC now owns 53,782 shares of the enterprise software provider’s stock valued at $2,773,000 after acquiring an additional 10,083 shares during the period. LSV Asset Management increased its position in Oracle by 9.8% during the 3rd quarter. LSV Asset Management now owns 3,793,118 shares of the enterprise software provider’s stock worth $195,573,000 after buying an additional 339,413 shares during the period. Advisor Partners LLC increased its position in Oracle by 8.9% during the 3rd quarter. Advisor Partners LLC now owns 70,943 shares of the enterprise software provider’s stock worth $3,658,000 after buying an additional 5,814 shares during the period. Comgest Global Investors S.A.S. grew its holdings in shares of Oracle by 18.0% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,783,300 shares of the enterprise software provider’s stock worth $143,507,000 after purchasing an additional 425,300 shares in the last quarter. Finally, Whitener Capital Management Inc. acquired a new stake in shares of Oracle during the 3rd quarter worth $177,000. Institutional investors and hedge funds own 46.80% of the company’s stock.
ORCL has been the topic of several analyst reports. Nomura set a $53.00 target price on Oracle and gave the stock a “buy” rating in a report on Wednesday, December 12th. BMO Capital Markets lowered Oracle from an “outperform” rating to a “market perform” rating in a report on Friday. Barclays lowered Oracle from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $60.00 to $55.00 in a report on Wednesday, January 9th. UBS Group reissued a “neutral” rating and set a $51.00 target price on shares of Oracle in a report on Tuesday, December 18th. Finally, Atlantic Securities initiated coverage on Oracle in a report on Wednesday, January 9th. They set an “underweight” rating and a $45.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Oracle currently has an average rating of “Hold” and a consensus target price of $52.12.
Shares of ORCL opened at $53.05 on Friday. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $53.47. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66. The stock has a market cap of $218.57 billion, a PE ratio of 18.81, a P/E/G ratio of 1.75 and a beta of 1.08.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 3.07 EPS for the current fiscal year.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $46.42, for a total value of $174,075.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,298,320.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 25,000 shares of Oracle stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total value of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 102,919 shares of the company’s stock, valued at $4,631,355. The disclosure for this sale can be found here. Insiders have sold 42,552 shares of company stock valued at $1,945,486 over the last 90 days. 32.00% of the stock is owned by corporate insiders.
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.
Further Reading: SEC Filing
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