Victory Capital Management Inc. trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 321,316 shares of the enterprise software provider’s stock after selling 10,599 shares during the period. Victory Capital Management Inc.’s holdings in Oracle were worth $15,192,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of ORCL. Acrospire Investment Management LLC grew its stake in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares in the last quarter. Tarbox Family Office Inc. grew its stake in shares of Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after buying an additional 2,436 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Oracle in the 4th quarter worth $126,000. Finally, ETF Managers Group LLC purchased a new position in shares of Oracle in the 2nd quarter worth $133,000. 58.03% of the stock is owned by institutional investors.
In other news, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $877,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,956,250 shares of company stock valued at $98,316,475. Company insiders own 29.00% of the company’s stock.
Shares of Oracle Co. (ORCL) opened at $52.58 on Wednesday. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $53.48. The firm has a market cap of $217,660.00, a PE ratio of 22.57, a P/E/G ratio of 2.02 and a beta of 1.05. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. equities analysts forecast that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle announced that its board has approved a stock repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
A number of equities analysts have commented on ORCL shares. Canaccord Genuity dropped their price objective on shares of Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, December 15th. Wedbush reissued a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Friday, December 15th. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price objective for the company. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have assigned a buy rating to the company. Oracle currently has a consensus rating of “Buy” and an average price target of $55.76.
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Oracle Company 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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