Aviance Capital Partners LLC Purchases 1,600 Shares of Oracle Co. (ORCL)

Share on StockTwits

Aviance Capital Partners LLC raised its position in Oracle Co. (NYSE:ORCL) by 17.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 10,670 shares of the enterprise software provider’s stock after purchasing an additional 1,600 shares during the period. Aviance Capital Partners LLC’s holdings in Oracle were worth $470,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ORCL. Cpwm LLC grew its position in shares of Oracle by 6.5% during the second quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock worth $760,000 after buying an additional 1,050 shares in the last quarter. Quadrant Private Wealth Management LLC grew its position in shares of Oracle by 0.9% during the second quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock worth $5,592,000 after buying an additional 1,072 shares in the last quarter. Willow Creek Wealth Management Inc. grew its position in shares of Oracle by 15.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock worth $355,000 after buying an additional 1,084 shares in the last quarter. Bollard Group LLC grew its position in shares of Oracle by 4.7% during the first quarter. Bollard Group LLC now owns 24,237 shares of the enterprise software provider’s stock worth $1,109,000 after buying an additional 1,089 shares in the last quarter. Finally, Schnieders Capital Management LLC grew its position in shares of Oracle by 5.5% during the first quarter. Schnieders Capital Management LLC now owns 20,825 shares of the enterprise software provider’s stock worth $953,000 after buying an additional 1,095 shares in the last quarter. 53.65% of the stock is owned by institutional investors.

ORCL stock opened at $48.04 on Thursday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $201.10 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.63 and a beta of 1.16. Oracle Co. has a 1 year low of $42.57 and a 1 year high of $53.48.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $11.26 billion for the quarter, compared to analysts’ expectations of $11.17 billion. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. analysts predict that Oracle Co. will post 3.05 EPS for the current year.

A number of research firms have recently weighed in on ORCL. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Societe Generale set a $50.00 price target on shares of Oracle and gave the stock a “neutral” rating in a research report on Tuesday, August 14th. UBS Group raised their price target on shares of Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a research report on Thursday, August 9th. ValuEngine upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Nomura reduced their price objective on Oracle from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, June 29th. Fifteen investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Oracle has a consensus rating of “Buy” and a consensus target price of $55.56.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $47.77, for a total value of $179,137.50. Following the sale, the director now directly owns 27,969 shares in the company, valued at $1,336,079.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $48.09, for a total value of $2,164,050.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at $1,345,029.21. The disclosure for this sale can be found here. Insiders sold 550,500 shares of company stock worth $24,719,865 over the last quarter. 29.00% of the stock is currently owned by company insiders.

About Oracle

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.

Read More: Book Value Per Share – BVPS

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply