Axa S.A. Grows Position in Oracle Corporation $ORCL

Axa S.A. grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 52.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 466,887 shares of the enterprise software provider’s stock after buying an additional 160,638 shares during the period. Axa S.A.’s holdings in Oracle were worth $102,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winnow Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $28,000. Kilter Group LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $30,000. LGT Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth $33,000. Legend Financial Advisors Inc. purchased a new stake in Oracle in the second quarter worth $34,000. Finally, HighMark Wealth Management LLC bought a new position in Oracle in the second quarter worth $38,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $220.53 on Tuesday. The stock has a market cap of $628.67 billion, a PE ratio of 51.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.66. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm has a fifty day moving average price of $251.84 and a 200-day moving average price of $240.56. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Insider Transactions at Oracle

In other news, CEO Clayton M. Magouyrk sold 40,000 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at approximately $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the sale, the director owned 17,764 shares of the company’s stock, valued at $5,435,784. The trade was a 39.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 204,254 shares of company stock worth $60,227,807 in the last quarter. Company insiders own 40.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORCL shares. Bank of America upgraded shares of Oracle from a “neutral” rating to a “buy” rating and boosted their target price for the company from $295.00 to $368.00 in a report on Wednesday, September 10th. Rothschild & Co Redburn initiated coverage on shares of Oracle in a research note on Thursday, September 25th. They set a “sell” rating and a $175.00 price objective on the stock. Robert W. Baird cut their price objective on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. DA Davidson decreased their target price on shares of Oracle from $300.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Finally, Berenberg Bank boosted their price target on Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.84.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.