Lombard Odier Asset Management Switzerland SA Raises Stock Position in Oracle Corporation $ORCL

Lombard Odier Asset Management Switzerland SA lifted its stake in Oracle Corporation (NYSE:ORCL) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,568 shares of the enterprise software provider’s stock after buying an additional 6,742 shares during the period. Oracle makes up 0.8% of Lombard Odier Asset Management Switzerland SA’s investment portfolio, making the stock its 20th largest holding. Lombard Odier Asset Management Switzerland SA’s holdings in Oracle were worth $16,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Oracle in the first quarter valued at approximately $58,000. Cynosure Group LLC boosted its holdings in shares of Oracle by 20.3% in the first quarter. Cynosure Group LLC now owns 2,411 shares of the enterprise software provider’s stock valued at $337,000 after acquiring an additional 407 shares during the period. Finally, Linscomb Wealth Inc. grew its position in shares of Oracle by 18.6% during the first quarter. Linscomb Wealth Inc. now owns 44,376 shares of the enterprise software provider’s stock worth $6,204,000 after acquiring an additional 6,947 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 1.4%

NYSE ORCL opened at $220.53 on Tuesday. 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 capitalization of $628.67 billion, a P/E ratio of 51.05, a P/E/G ratio of 2.47 and a beta of 1.66. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The firm has a 50-day moving average price of $251.84 and a 200 day moving average price of $240.56.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the transaction, the director directly owned 29,225 shares of the company’s stock, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Stuart Levey sold 19,758 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the sale, the executive vice president directly owned 18,429 shares in the company, valued at $5,528,700. This trade represents a 51.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 204,254 shares of company stock worth $60,227,807. 40.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Robert W. Baird reduced their price target on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. Berenberg Bank upped their target price on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a report on Monday, September 15th. HSBC reissued a “buy” rating and set a $382.00 price target on shares of Oracle in a report on Wednesday, November 26th. Finally, Cowen reaffirmed a “buy” rating on shares of Oracle in a research note on Thursday. Four analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.84.

Oracle Profile

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.