Oracle Co. (ORCL) Shares Bought by Jolley Asset Management LLC

Jolley Asset Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 66,540 shares of the enterprise software provider’s stock after acquiring an additional 2,658 shares during the period. Oracle accounts for about 2.0% of Jolley Asset Management LLC’s portfolio, making the stock its 27th biggest position. Jolley Asset Management LLC’s holdings in Oracle were worth $3,146,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ORCL. Vanguard Group Inc. boosted its position in shares of Oracle by 2.6% during the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after buying an additional 5,270,359 shares during the period. BlackRock Inc. boosted its position in shares of Oracle by 2.5% during the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after buying an additional 4,678,977 shares during the period. Harris Associates L P boosted its position in shares of Oracle by 17.9% during the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares during the period. Northern Trust Corp boosted its position in shares of Oracle by 4.6% during the second quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after buying an additional 1,835,835 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in shares of Oracle by 1.2% during the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after buying an additional 482,220 shares during the period. 58.36% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now owns 136,954 shares in the company, valued at $6,517,640.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the transaction, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,956,250 shares of company stock worth $98,316,475. 29.00% of the stock is owned by corporate insiders.

Oracle Co. (NYSE ORCL) opened at $50.50 on Friday. The firm has a market capitalization of $209,050.00, a P/E ratio of 21.67, a PEG ratio of 1.89 and a beta of 1.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle Co. has a 52 week low of $42.25 and a 52 week high of $53.14.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 16.02% and a net margin of 23.21%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. research analysts expect that Oracle Co. will post 2.68 EPS for the current year.

Oracle declared that its board has approved a share buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several research firms have recently weighed in on ORCL. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Vetr raised Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective for the company in a research report on Monday, November 13th. Instinet assumed coverage on Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 price target for the company. Finally, Drexel Hamilton reissued a “buy” rating and set a $62.00 price target on shares of Oracle in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have given a buy rating to the company. Oracle has an average rating of “Buy” and an average price target of $55.38.

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Oracle Profile

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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