Bailard Inc. raised its position in Oracle Co. (NYSE:ORCL) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,351 shares of the enterprise software provider’s stock after purchasing an additional 1,423 shares during the period. Bailard Inc.’s holdings in Oracle were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in ORCL. Osterweis Capital Management Inc. acquired a new position in shares of Oracle in the 3rd quarter valued at $254,000. Renaissance Technologies LLC boosted its stake in Oracle by 186.4% during the 3rd quarter. Renaissance Technologies LLC now owns 3,092,232 shares of the enterprise software provider’s stock worth $159,435,000 after purchasing an additional 2,012,432 shares during the period. Riverhead Capital Management LLC boosted its stake in Oracle by 35.1% during the 3rd quarter. Riverhead Capital Management LLC now owns 250,413 shares of the enterprise software provider’s stock worth $12,911,000 after purchasing an additional 65,033 shares during the period. Bristol Gate Capital Partners Inc. boosted its stake in Oracle by 0.7% during the 3rd quarter. Bristol Gate Capital Partners Inc. now owns 688,512 shares of the enterprise software provider’s stock worth $35,500,000 after purchasing an additional 4,602 shares during the period. Finally, InterOcean Capital LLC acquired a new stake in Oracle during the 3rd quarter worth $225,000. 50.97% of the stock is currently owned by institutional investors.
ORCL stock opened at $46.00 on Friday. Oracle Co. has a one year low of $42.57 and a one year high of $53.48. The firm has a market capitalization of $201.81 billion, a PE ratio of 16.31, a PEG ratio of 1.64 and a beta of 1.11. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41.
Oracle (NYSE:ORCL) last released its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same quarter last year, the business earned $0.62 EPS. The business’s revenue was up .8% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 3.06 EPS for the current year.
Oracle declared that its Board of Directors has initiated a share buyback plan on Monday, September 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to reacquire up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of analysts recently weighed in on ORCL shares. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Rosenblatt Securities reiterated a “hold” rating and set a $51.00 price target on shares of Oracle in a research note on Tuesday, October 30th. Wells Fargo & Co decreased their price target on shares of Oracle from $62.50 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, September 18th. Credit Suisse Group reiterated a “buy” rating and set a $60.00 price target on shares of Oracle in a research note on Tuesday, September 18th. Finally, Barclays increased their price target on shares of Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $53.71.
In other news, EVP Dorian Daley sold 131,696 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now owns 109,615 shares in the company, valued at approximately $5,582,691.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $50.01, for a total transaction of $187,537.50. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,398,729.69. The disclosure for this sale can be found here. Insiders sold a total of 142,946 shares of company stock valued at $7,257,365 in the last 90 days. Company insiders own 32.00% of the company’s stock.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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