Oracle Corporation (ORCL) Shares Bought by Ajo LP

Ajo LP increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 912,289 shares of the enterprise software provider’s stock after buying an additional 21,289 shares during the period. Ajo LP’s holdings in Oracle were worth $45,742,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Macquarie Group Ltd. raised its stake in Oracle by 6,353.4% in the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after purchasing an additional 18,351,920 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Oracle by 376.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock worth $203,218,000 after purchasing an additional 3,202,664 shares in the last quarter. Franklin Resources Inc. raised its stake in Oracle by 5.8% in the 2nd quarter. Franklin Resources Inc. now owns 40,206,990 shares of the enterprise software provider’s stock worth $2,015,961,000 after purchasing an additional 2,193,120 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Oracle by 19.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,342,418 shares of the enterprise software provider’s stock worth $618,849,000 after purchasing an additional 2,042,742 shares in the last quarter. Finally, CI Investments Inc. raised its stake in Oracle by 56.5% in the 2nd quarter. CI Investments Inc. now owns 4,121,397 shares of the enterprise software provider’s stock worth $206,647,000 after purchasing an additional 1,487,158 shares in the last quarter. 57.69% of the stock is owned by institutional investors and hedge funds.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the sale, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by corporate insiders.

Oracle Corporation (ORCL) traded up $0.55 during mid-day trading on Friday, reaching $49.61. 15,891,429 shares of the company were exchanged, compared to its average volume of 11,277,111. The firm has a market cap of $207,046.64, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. analysts predict that Oracle Corporation will post 2.68 EPS for the current fiscal year.

ORCL has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Monday, September 11th. Moffett Nathanson initiated coverage on shares of Oracle in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective for the company. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Oracle in a research note on Sunday, August 27th. Finally, Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, August 18th. Eleven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.85.

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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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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