Oracle Corporation (ORCL) Position Cut by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,223 shares of the enterprise software provider’s stock after selling 178,622 shares during the period. Oracle makes up 1.0% of WINTON GROUP Ltd’s holdings, making the stock its 15th largest position. WINTON GROUP Ltd’s holdings in Oracle were worth $32,452,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ORCL. Acrospire Investment Management LLC increased its holdings in shares of Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors increased its stake in Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the last quarter. IHT Wealth Management LLC increased its stake in Oracle by 65.9% during the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after acquiring an additional 947 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Oracle during the second quarter worth $129,000. Finally, ETF Managers Group LLC acquired a new stake in Oracle during the second quarter worth $133,000. 57.70% of the stock is currently owned by institutional investors.

Shares of Oracle Corporation (ORCL) traded down $0.34 during trading hours on Thursday, hitting $50.05. The stock had a trading volume of 17,196,800 shares, compared to its average volume of 13,311,757. The stock has a market cap of $210,301.95, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a fifty-two week low of $38.30 and a fifty-two week high of $53.14.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Oracle’s revenue was up 7.0% on a year-over-year basis. sell-side analysts expect that Oracle Corporation will post 2.68 EPS for the current year.

In other news, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $885,043.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is owned by corporate insiders.

Several research firms have issued reports on ORCL. Wedbush reissued an “outperform” rating and set a $58.00 target price on shares of Oracle in a research note on Friday, September 15th. UBS restated a “buy” rating and set a $57.00 price target (up from $52.00) on shares of Oracle in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price target on Oracle and gave the stock a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research lowered Oracle from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Jefferies Group lifted their target price on Oracle from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, September 15th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and an average target price of $55.14.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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