Motley Fool Asset Management LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 12.3% during the second quarter, HoldingsChannel reports. The firm owned 43,699 shares of the enterprise software provider’s stock after acquiring an additional 4,790 shares during the period. Motley Fool Asset Management LLC’s holdings in Oracle were worth $1,925,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC lifted its position in Oracle by 2.1% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 304,726 shares of the enterprise software provider’s stock valued at $13,426,000 after acquiring an additional 6,366 shares in the last quarter. Pitcairn Co. lifted its position in Oracle by 13.7% in the 2nd quarter. Pitcairn Co. now owns 32,418 shares of the enterprise software provider’s stock valued at $1,428,000 after acquiring an additional 3,898 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in Oracle by 16.8% in the 2nd quarter. 180 Wealth Advisors LLC now owns 23,323 shares of the enterprise software provider’s stock valued at $1,028,000 after acquiring an additional 3,358 shares in the last quarter. Washington Capital Management Inc. bought a new position in Oracle in the 2nd quarter valued at about $1,025,000. Finally, Payden & Rygel lifted its position in Oracle by 360.0% in the 2nd quarter. Payden & Rygel now owns 6,900 shares of the enterprise software provider’s stock valued at $304,000 after acquiring an additional 5,400 shares in the last quarter. 53.65% of the stock is currently owned by institutional investors.
Several equities analysts recently weighed in on ORCL shares. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Monday, June 25th. Credit Suisse Group set a $60.00 price objective on shares of Oracle and gave the company a “buy” rating in a research note on Monday, June 18th. KeyCorp reiterated a “hold” rating on shares of Oracle in a research note on Friday, June 15th. ValuEngine upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Wedbush lowered shares of Oracle from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $49.00 in a research note on Wednesday, June 20th. Fifteen research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $55.56.
In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $44.62, for a total value of $17,848,000.00. Following the completion of the transaction, the insider now directly owns 400,000 shares of the company’s stock, valued at approximately $17,848,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP W Corey West sold 48,000 shares of the firm’s stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $43.73, for a total transaction of $2,099,040.00. Following the completion of the transaction, the executive vice president now directly owns 907 shares of the company’s stock, valued at $39,663.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,500 shares of company stock valued at $24,719,865. 29.00% of the stock is owned by insiders.
Shares of ORCL stock opened at $48.04 on Thursday. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.21. Oracle Co. has a 12-month low of $42.57 and a 12-month high of $53.48. The company has a market cap of $201.10 billion, a PE ratio of 17.17, a P/E/G ratio of 1.63 and a beta of 1.16.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The company had revenue of $11.26 billion during the quarter, compared to analyst estimates of $11.17 billion. During the same quarter last year, the business posted $0.89 EPS. Oracle’s quarterly revenue was up 2.9% compared to the same quarter last year. equities analysts forecast that Oracle Co. will post 3.05 earnings per share for the current fiscal year.
Oracle Company Profile
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.
See Also: Trading Strategy Examples and Plans
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).
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.