Flow Traders U.S. LLC Makes New $907,000 Investment in Oracle Corporation $ORCL

Flow Traders U.S. LLC acquired a new stake in Oracle Corporation (NYSE:ORCL) in the 2nd quarter, Holdings Channel reports. The fund acquired 4,150 shares of the enterprise software provider’s stock, valued at approximately $907,000.

Other hedge funds have also made changes to their positions in the company. Seaview Investment Managers LLC boosted its stake in Oracle by 5.3% during the 2nd quarter. Seaview Investment Managers LLC now owns 67,565 shares of the enterprise software provider’s stock valued at $14,772,000 after purchasing an additional 3,423 shares in the last quarter. SageView Advisory Group LLC boosted its stake in Oracle by 25.8% during the second quarter. SageView Advisory Group LLC now owns 19,222 shares of the enterprise software provider’s stock valued at $4,203,000 after buying an additional 3,939 shares in the last quarter. Qtron Investments LLC grew its holdings in Oracle by 4.5% during the second quarter. Qtron Investments LLC now owns 19,293 shares of the enterprise software provider’s stock worth $4,218,000 after acquiring an additional 835 shares during the period. Diametric Capital LP bought a new stake in Oracle in the second quarter worth about $224,000. Finally, Strategic Family Wealth Counselors L.L.C. acquired a new stake in Oracle in the 2nd quarter valued at about $253,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, 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 transaction of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the sale, the chief executive officer owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 204,254 shares of company stock worth $60,227,807. Company insiders own 40.90% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $221.70 on Wednesday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock has a market cap of $632.02 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 2.50 and a beta of 1.66. The business has a fifty day simple moving average of $250.65 and a 200-day simple moving average of $241.02.

Oracle (NYSE:ORCL) last posted its quarterly 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 business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. Barclays lowered their price objective on shares of Oracle from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday. Robert W. Baird decreased their price target on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $310.00 price objective on shares of Oracle in a research report on Friday. Baird R W raised Oracle to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $342.00 target price on shares of Oracle in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.84.

About Oracle

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.